The Portuguese economy advanced 4.9% on quarter in the three months to June 2021, the same as in the preliminary estimate and recovering from a 3.2% drop in the first quarter when the country was under a coronavirus lockdown. Internal demand contributed 5.4 percentage points to growth and the contribution from external demand was less negative than in the previous period. Year-on-year, the economy expanded at a record 15.5%, following a record 16.4% slump a year earlier. The Portuguese government expects the economy to grow 4% in 2021. source: Statistics Portugal
GDP Growth Rate in Portugal averaged 0.39 percent from 1988 until 2021, reaching an all time high of 13.40 percent in the third quarter of 2020 and a record low of -14 percent in the second quarter of 2020. This page provides - Portugal GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
GDP Growth Rate in Portugal is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal GDP Growth Rate is projected to trend around 0.60 percent in 2022 and 0.50 percent in 2023, according to our econometric models.