The Portuguese economy expanded at a record 16.2 percent year-on-year in the second quarter of 2021, recovering from a record 17.9 percent slump a year earlier. The Portuguese government expects the economy to grow 4 percent in 2021. source: Statistics Portugal
GDP Annual Growth Rate in Portugal averaged 1.14 percent from 1996 until 2021, reaching an all time high of 16.20 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 October of 2021.
GDP Annual Growth Rate in Portugal is expected to be 7.50 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 2.30 percent in 2022 and 2.00 percent in 2023, according to our econometric models.