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.

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Portugal GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-30 08:30 AM YoY Prel Q2 15.5% -5.3% 17.5%
2021-08-31 10:00 AM YoY Final Q2 15.5% -5.3% 15.5%
2021-10-29 08:30 AM YoY Prel Q3 16.2% 7.5%


Portugal Last Unit Reference Previous Highest Lowest
GDP Growth Rate 4.50 percent Jun/21 -3.30 14.70 -15.20
GDP Annual Growth Rate 16.20 percent Jun/21 -5.70 16.20 -17.90
GDP Constant Prices 48465.50 EUR Million Jun/21 46371.90 51468.20 35824.40
Gross Fixed Capital Formation 9157.50 EUR Million Jun/21 9258.20 11384.80 6361.00
Gross National Product 52684.79 EUR Million Jun/21 48476.38 55115.57 28275.52
GDP From Utilities 1543.40 EUR Million Jun/21 1590.60 1782.50 1066.30
GDP From Transport 3723.90 EUR Million Jun/21 3672.90 3960.70 2062.80
GDP From Services 7562.70 EUR Million Jun/21 6674.70 8708.90 5308.90
GDP From Manufacturing 6241.60 EUR Million Jun/21 6155.90 6440.20 4442.10
GDP From Construction 1981.50 EUR Million Jun/21 1991.50 3580.70 1563.50
GDP From Agriculture 1014.80 EUR Million Jun/21 988.90 1034.80 879.80


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.