Portugal’s GDP advanced 6.9 percent year on year in the second quarter of 2022, following a revised 11.8 percent expansion in the previous period, a preliminary estimate showed. source: Statistics Portugal

GDP Annual Growth Rate in Portugal averaged 1.38 percent from 1996 until 2022, reaching an all time high of 16.50 percent in the second quarter of 2021 and a record low of -17.90 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 August of 2022.

GDP Annual Growth Rate in Portugal is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal GDP Annual Growth Rate is projected to trend around 3.00 percent in 2023 and 2.00 percent in 2024, according to our econometric models.

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Portugal GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-31 10:00 AM YoY Final Q1 11.9% 5.9% 11.9%
2022-07-29 08:30 AM YoY Prel Q2 6.9% 11.8% 5.4%
2022-08-31 10:00 AM YoY Final Q2


Related Last Previous Unit Reference
GDP Growth Rate -0.20 2.50 percent Jun 2022
GDP Annual Growth Rate 6.90 11.80 percent Jun 2022
GDP Constant Prices 51919.20 52077.20 EUR Million Jun 2022
Gross Fixed Capital Formation 9872.40 9445.60 EUR Million Mar 2022
Full Year GDP Growth 4.90 -8.40 percent Dec 2021
Gross National Product 54842.50 55645.50 EUR Million Mar 2022
GDP From Utilities 1581.70 1613.00 EUR Million Mar 2022
GDP From Transport 4331.10 4118.70 EUR Million Mar 2022
GDP From Services 8585.10 8145.30 EUR Million Mar 2022
GDP From Manufacturing 6208.80 6206.20 EUR Million Mar 2022
GDP From Construction 2083.10 1992.30 EUR Million Mar 2022
GDP From Agriculture 977.60 1029.50 EUR Million Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
6.90 11.80 16.50 -17.90 1996 - 2022 percent Quarterly