Portugal GDP Annual Growth Rate  1996-2018 | Data | Chart | Calendar

The Portuguese economy grew 2.3 percent year-on-year in the second quarter of 2018, above 2.1 percent in the previous quarter and in line with earlier estimates. The contribution from domestic demand went up, mainly due to higher household (2.6 percent compared to 2.1 percent in Q1) and public spending (0.4 percent compared to 0.3 percent in Q1). The tourism sector continues to boost the economy: spending in national territory (3.4 percent) went up faster than spending by residents (2.6 percent). On the other hand, investment rose at a slower rate (6.4 percent compared to 7.1 percent) due to 6.6 percent drop in investment in material transportation. Net trade weighed down on growth more amid higher imports (7.9 percent compared to 5.6 percent in Q1) while exports rose at a faster pace (6.8 percent compared to 4.7 percent). GDP Annual Growth Rate in Portugal averaged 1.29 percent from 1996 until 2018, reaching an all time high of 5 percent in the second quarter of 1998 and a record low of -4.50 percent in the fourth quarter of 2012.

Portugal GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-30 10:00 AM GDP Growth Rate YoY Final 2.1% 2.4% 2.1% 2.1%
2018-08-14 08:30 AM GDP Growth Rate YoY Prel 2.3% 2.1% 2%
2018-08-31 10:00 AM GDP Growth Rate YoY Final 2.3% 2.1% 2.3% 2.3%
2018-11-14 09:30 AM GDP Growth Rate YoY Prel 2.3% 2.4%
2018-11-30 11:00 AM GDP Growth Rate YoY Final 2.3%


Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.40 3.30 -2.60 percent [+]
GDP Annual Growth Rate 2.30 2.10 5.00 -4.50 percent [+]
GDP 217.57 205.18 262.01 3.19 USD Billion [+]
GDP Constant Prices 45639.30 45414.90 45757.80 33671.10 EUR Million [+]
Gross Fixed Capital Formation 8050.90 7927.00 11235.50 6329.20 EUR Million [+]
GDP per capita 23116.58 22444.07 23116.58 4506.05 USD [+]
GDP per capita PPP 27936.90 27124.16 27936.90 20166.93 USD [+]
GDP From Agriculture 816.80 824.00 916.10 775.40 EUR Million [+]
GDP From Construction 1629.70 1637.00 3452.00 1472.40 EUR Million [+]
GDP From Manufacturing 5525.80 5568.30 5637.60 4093.80 EUR Million [+]
GDP From Services 8763.20 8650.40 8763.20 5326.50 EUR Million [+]
GDP From Transport 3172.40 3048.40 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1178.80 1214.00 1315.00 777.80 EUR Million [+]
Gross National Product 50587.13 47369.40 50587.13 28399.81 EUR Million [+]


Portugal GDP Annual Growth Rate

On the expenditure side, household consumption is the main component of GDP and accounts for 66 percent of its total use, followed by government expenditure (19 percent) and gross fixed capital formation (15 percent). Exports of goods and services account for 40 percent of GDP and imports account for 40 percent. This page provides - Portugal GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.10 5.00 -4.50 1996 - 2018 percent Quarterly




GDP annual growth rate by Country
Country Last
India 8.20 Jun/18
China 6.70 Jun/18
Indonesia 5.27 Jun/18
Turkey 5.20 Jun/18
Singapore 3.90 Jun/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
Netherlands 3.10 Jun/18
United States 2.90 Jun/18
South Korea 2.80 Jun/18
Spain 2.70 Jun/18
Mexico 2.60 Jun/18
Euro Area 2.10 Jun/18
Germany 2.00 Jun/18
Canada 1.90 Jun/18
Russia 1.90 Jun/18
France 1.70 Jun/18
United Kingdom 1.30 Jun/18
Italy 1.20 Jun/18
Saudi Arabia 1.15 Mar/18
Brazil 1.00 Jun/18
Japan 1.00 Jun/18
South Africa 0.40 Jun/18
Argentina -4.20 Jun/18


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