Portugal GDP Growth Rate 1988-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Portugal expanded 0.40 percent in the first quarter of 2015 over the previous quarter. GDP Growth Rate in Portugal averaged 0.39 percent from 1988 until 2015, 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
0.40 0.40 3.30 -2.60 1988 - 2015 percent Quarterly
Portugal has become a diversified and increasingly service-based economy since joining the European Community in 1986. Over the past two decades, successive governments have privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. Economic growth had been above the EU average for much of the 1990s, but has been below par during the last decade. This page provides - Portugal GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Portugal GDP Growth Rate - was last refreshed on Saturday, August 1, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-02-27 11:00 AM Q4 0.5% 0.3% 0.5% 0.5%
2015-05-13 09:30 AM Q1 0.4% 0.4% (R) 0.5% 0.27%
2015-05-29 11:00 AM Q1 0.4% 0.4% 0.4% 0.4%
2015-08-14 09:30 AM Q2 0.4% 0.47%
2015-09-08 11:00 AM Q2 0.4%
2015-11-13 09:30 AM Q3 0.46%


Portugal GDP Growth Confirmed in Q1


The Portuguese economy expanded 0.4 percent on quarter in the first three months of 2015, the same as in the previous quarter and matching preliminary estimates. Domestic demand was the main driver of growth, final figures showed.

The GDP expanded for the fourth straight quarter, mainly driven by investment and private consumption while net external demand dragged growth down. 

Year-on-year, the economy rose 1.5 percent, up from a preliminary estimate of 1.4 percent and 0.6 percent in the previous quarter. Private consumption rose 1.5 percent, driven by non-durable goods and services spending. Investment showed no growth while public expenditure shrank 0.5 percent. Exports rose 6.8 percent and imports went up 6.6 percent. As a result, net external demand posted no contribution to growth.

INE | Joana Taborda | joana.taborda@tradingeconomics.com
5/29/2015 11:23:06 AM


Recent Releases

Portugal GDP Growth at 0.4% in Q1
The Portuguese economy advanced 0.4 percent on quarter in the first three months of 2015, steady from a downwardly revised 0.4 percent expansion in the previous period, preliminary estimates showed.
Published on 2015-05-13

Portugal GDP Growth Confirmed at 0.5%
The Portuguese economy expanded 0.5 percent quarter-on-quarter in the last three months of 2014, matching preliminary estimates. It is the third consecutive expansion, bringing full year growth to 0.9 percent.
Published on 2015-02-27

Portugal GDP Growth Accelerates in Q4
The Portuguese economy expanded 0.5 percent on quarter in the last three months of 2014, accelerating from a 0.3 percent rise in the previous period. It is the highest growth rate in a year.
Published on 2015-02-13

Portugal GDP Growth Is Revised Up in Q3
The Portuguese economy expanded 0.3 percent quarter-on-quarter in July to September period as gains in private consumption were enough to offset a decline in net trade.
Published on 2014-11-28


Portugal GDP Last Previous Highest Lowest Unit
GDP 229.58 224.91 262.01 3.19 USD Billion [+]
GDP Growth Rate 0.40 0.40 3.30 -2.60 percent [+]
GDP Annual Growth Rate 1.40 0.60 5.10 -4.20 percent [+]
GDP Constant Prices 42345.50 42223.50 45758.10 33669.10 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 [+]
Gross Fixed Capital Formation 6789.40 6595.10 11235.50 6356.70 EUR Million [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -0.20 Mar/15 0.30 4.50 -4.20 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.70 Jun/15 1.40 2.50 1.40 percent [+]
Euro Area 0.40 Mar/15 0.40 1.30 -2.90 percent [+]
France 0.60 Mar/15 0.10 7.70 -5.00 percent [+]
Germany 0.30 Mar/15 0.70 2.10 -3.70 percent [+]
India 4.10 Mar/15 3.10 7.40 -3.40 percent [+]
Indonesia -0.18 Mar/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Mar/15 0.00 6.00 -3.50 percent [+]
Japan 1.00 Mar/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Mar/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.60 Mar/15 0.90 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.30 Jun/15 0.80 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.60 -1.60 percent [+]
Switzerland -0.20 Mar/15 0.50 1.90 -2.20 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Jun/15 0.40 5.00 -2.70 percent [+]
United States 2.30 Jun/15 -0.20 16.90 -10.00 percent [+]