Portugal GDP Growth Rate  1988-2016 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Portugal expanded 0.20 percent in the first quarter of 2016 over the previous quarter. GDP Growth Rate in Portugal averaged 0.39 percent from 1988 until 2016, 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. GDP Growth Rate in Portugal is reported by the Statistics Portugal.

Portugal GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.20 3.30 -2.60 1988 - 2016 percent Quarterly
After three years of the Economic and Financial Assistance Programme, the Portuguese economy was able to correct a number of macroeconomic imbalances, such as net financing capacity in relation to the exterior, ongoing budget consolidation, and transfer of resources from the non-tradable sector to the tradable one. Nevertheless, the severe austerity measures originated high job destruction rates, record high unemployment rates, and massive long-term unemployment; along with worsening social conditions and increasing government debt (130 percent of GDP in 2014). 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 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-29 11:00 AM Q4 0.2% 0.1% 0.2% 0.2%
2016-05-13 08:30 AM Q1 0.1% 0.2% 0.4% 0.2%
2016-05-31 10:00 AM Q1 0.2% 0.2% 0.1% 0.1%
2016-08-15 08:30 AM Q2 0.2% 0.11%
2016-08-31 10:00 AM Q2 0.2%
2016-11-14 09:30 AM Q3 0.09%

Portugal GDP Growth Slows to 0.1% in Q1


The Portuguese economy expanded 0.1 percent on quarter in the first three months of 2016, slowing from a 0.2 percent growth in the previous quarter and missing market expectations of a 0.4 percent rise, preliminary estimates showed.

Domestic demand was the main driver of growth while negative impact came from net external demand due to lower exports.

Year-on-year, the GDP expanded 0.8 percent, lower than a 1.3 percent growth in the previous quarter and below market expectations of a 1.1 percent expansion. It is the lowest growth rate in five quarters as a slowdown in investment and exports impacted the GDP negatively while positive contribution came from domestic demand.

The Portuguese government expects the economy to advance 1.8 percent this year.

INE | Francisco Caeiro | francisco.caeiro@tradingeconomics.com
5/13/2016 12:43:27 PM

Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.20 3.30 -2.60 percent [+]
GDP Annual Growth Rate 0.80 1.30 5.00 -4.50 percent [+]
GDP 230.12 226.07 262.01 3.19 USD Billion [+]
GDP Constant Prices 42952.00 42932.30 45757.80 33671.10 EUR Million [+]
Gross Fixed Capital Formation 6694.60 6804.80 11235.50 6335.70 EUR Million [+]
GDP per capita 18300.44 18034.89 19489.27 3717.70 USD [+]
GDP per capita PPP 26054.61 25676.55 27747.17 20281.53 USD [+]
GDP From Agriculture 905.60 900.60 916.10 782.30 EUR Million [+]
GDP From Construction 1727.60 1681.70 3452.00 1607.20 EUR Million [+]
GDP From Manufacturing 5234.00 5210.10 5587.00 4093.80 EUR Million [+]
GDP From Services 7866.20 7852.90 7866.20 5326.50 EUR Million [+]
GDP From Transport 2969.00 2985.40 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1008.00 1050.50 1315.00 777.80 EUR Million [+]
Gross National Product 45280.00 45778.00 46412.00 28400.00 EUR Million [+]




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