Portugal GDP Growth Rate  1988-2017 | Data | Chart | Calendar | Forecast

The Portuguese economy advanced 1 percent on quarter in the first three months of 2017, following an upwardly revised 0.7 percent growth in the previous period. It is the biggest expansion since the first quarter of 2010, mainly boosted by positive contribution from net external demand driven by surge in exports. GDP Growth Rate in Portugal averaged 0.40 percent from 1988 until 2017, reaching an all time high of 3.30 percent in the fourth quarter of 1990 and a record low of -2.60 percent in the first quarter of 1991.

Portugal GDP Growth Rate
Receive the next reported value for Portugal GDP Growth Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-14 09:30 AM Q4 0.6% 0.8% 0.5% 0.4%
2017-03-01 11:00 AM Q4 0.6% 0.9% 0.6% 0.6%
2017-05-15 10:00 AM Q1 1% 0.7% 0.5%
2017-05-31 10:00 AM Q1 0.7% 1% 1%
2017-08-14 08:30 AM Q2 0.4%
2017-08-31 10:00 AM Q2 0.4%




Portugal GDP Growth At 7-Year High Of 1%


The Portuguese economy advanced 1 percent on quarter in the first three months of 2017, following an upwardly revised 0.7 percent growth in the previous period. It is the biggest expansion since the first quarter of 2010, mainly boosted by external demand, preliminary estimates showed.

The contribution from net trade turned positive in Q1 as exports rose faster than imports. On the other hand, the postive contribution from domestic demand decreased as gross fixed capital formation grew less and inventories declined. 

Year-on-year, the economy advanced 2.8 percent, well above 2 percent in the last three months of 2016 and the highest since the last quarter of 2007. The contribution from net trade also turned positive on a yearly basis while private spending and investment slowed. 

The government expects the economy to grow 1.8 percent in 2017, higher than 1.4 percent in 2016 and in line with European Commission forecasts. The IMF estimates 1.7 percent. 



INE | Joana Taborda | joana.taborda@tradingeconomics.com
5/15/2017 2:12:34 PM



Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 0.70 3.30 -2.60 percent [+]
GDP Annual Growth Rate 2.80 2.00 5.00 -4.50 percent [+]
GDP 199.10 229.60 262.01 3.19 USD Billion [+]
GDP Constant Prices 44327.60 43865.10 45757.90 33671.10 EUR Million [+]
Gross Fixed Capital Formation 7098.40 6785.10 11235.50 6328.90 EUR Million [+]
GDP per capita 21969.10 21534.70 22831.21 4506.32 USD [+]
GDP per capita PPP 26548.62 26023.67 27590.37 20166.93 USD [+]
GDP From Agriculture 804.50 910.00 916.10 782.30 EUR Million [+]
GDP From Construction 1559.50 1454.60 3452.00 1454.60 EUR Million [+]
GDP From Manufacturing 5394.10 5329.50 5587.00 4093.80 EUR Million [+]
GDP From Services 8382.70 8231.10 8382.70 5326.50 EUR Million [+]
GDP From Transport 3063.30 2985.50 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1179.20 1167.30 1315.00 777.80 EUR Million [+]
Gross National Product 46514.29 47114.91 47114.91 28400.00 EUR Million [+]


Portugal GDP Growth Rate Notes

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. This page provides - Portugal GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.70 3.30 -2.60 1988 - 2017 percent Quarterly



gdp growth rate by Country

Last
Turkey 3.80 Dec/16
India 1.60 Dec/16
China 1.30 Mar/17
Australia 1.10 Dec/16
South Korea 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
United States 0.70 Mar/17
Canada 0.60 Dec/16
Germany 0.60 Mar/17
Euro Area 0.50 Mar/17
Japan 0.50 Mar/17
Netherlands 0.40 Mar/17
France 0.30 Mar/17
United Kingdom 0.30 Mar/17
Italy 0.20 Mar/17
Switzerland 0.10 Dec/16
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15
Brazil -0.90 Dec/16