The Gross Domestic Product (GDP) in Portugal contracted 5.40 percent in the first quarter of 2021 over the same quarter of the previous year. source: Statistics Portugal
GDP Annual Growth Rate in Portugal averaged 1 percent from 1996 until 2021, reaching an all time high of 5 percent in the second quarter of 1998 and a record low of -16.40 percent in the second quarter of 2020. This page provides - Portugal GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
GDP Annual Growth Rate in Portugal is expected to be 13.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Portugal to stand at 9.00 in 12 months time. In the long-term, the Portugal GDP Annual Growth Rate is projected to trend around 2.30 percent in 2022 and 2.00 percent in 2023, according to our econometric models.