Portugal GDP Growth Rate 1988-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Portugal expanded 0.30 percent in the third quarter of 2014 over the previous quarter. GDP Growth Rate in Portugal averaged 0.39 percent from 1988 until 2014, 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.

      Forecast    
Portugal GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.30 3.30 -2.60 1988 - 2014 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 Friday, December 19, 2014.


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.

Final figures came better than a preliminary 0.2 percent growth as revisions in import and export prices softened the negative impact from external trade.

Domestic demand contributed positively to growth (1.1 percent from -0.9 percent in the previous period), led by a 1.3 percent rise in private consumption. In contrast, net external demand contributed negatively (-0.8 percent after +1.1 percent in the previous quarter), due to higher imports.

Year-on-year, the GDP expanded 1.1 percent, compared with a preliminary estimate of 1 percent. While domestic demand increased 1.9 percent, net external demand fell 0.9 percent.

INE | Ricardo Martins | ricardo.martins@tradingeconomics.com
11/28/2014 2:43:45 PM


Recent Releases

Portuguese GDP Expands 0.2% QoQ in Q3
The Portuguese economy advanced 0.2 percent on quarter in the three months to September, slowing from a 0.3 percent expansion in the previous period. The growth was driven by private consumption while contribution from net exports was negative. Published on 2014-11-14

Portuguese GDP Growth Revised Down in Q2
The Portuguese economy advanced 0.3 percent on quarter in the April to June period, down from a preliminary estimate of a 0.6 percent increase. The difference is mainly due to methodological changes in computing GDP figures. Published on 2014-09-08


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-08 11:00 AM
GDP Growth Rate QoQ - Final  Q2
0.3% -0.5% (R) 0.6% 0.6%
2014-11-14 09:30 AM
GDP Growth Rate QoQ - Prel  Q3
0.2% 0.3% 0.1% 0.1%
2014-11-28 11:00 AM
GDP Growth Rate QoQ - Final  Q3
0.3% 0.3% 0.2% 0.2%
2015-02-13 09:30 AM
GDP Growth Rate QoQ  Q4
0.7%
2015-03-11 11:00 AM
GDP Growth Rate QoQ - 2 Est  Q4
2015-05-15 09:30 AM
GDP Growth Rate QoQ Prel  Q1


Portugal GDP Last Previous Highest Lowest Unit
GDP 219.96 212.14 252.00 3.20 USD Billion [+]
GDP Growth Rate 0.30 0.30 3.30 -2.60 percent [+]
GDP Annual Growth Rate 1.10 0.90 5.10 -4.20 percent [+]
GDP Constant Prices 42409.40 42309.50 42409.40 30542.60 EUR Million [+]
GDP per capita 17766.67 17918.41 18896.96 3717.61 USD [+]
GDP per capita PPP 24882.39 25094.92 26465.38 19281.41 USD [+]
Gross Fixed Capital Formation 6712.50 6566.50 11315.50 6285.80 EUR Million [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.30 Aug/14 0.50 4.50 -2.00 percent [+]
Brazil 0.10 Aug/14 -0.60 4.50 -4.20 percent [+]
Canada 0.70 Aug/14 0.90 3.33 -1.80 percent [+]
China 1.90 Aug/14 2.00 2.50 1.40 percent [+]
Euro Area 0.20 Aug/14 0.10 1.30 -2.80 percent [+]
France 0.30 Aug/14 -0.10 1.60 -1.70 percent [+]
Germany 0.10 Aug/14 -0.10 2.10 -3.70 percent [+]
India 1.20 May/14 1.90 5.80 -1.90 percent [+]
Indonesia 2.96 Aug/14 2.49 3.82 -3.57 percent [+]
Italy -0.10 Aug/14 -0.20 6.00 -3.50 percent [+]
Japan -0.50 Aug/14 -1.90 3.20 -4.00 percent [+]
Mexico 0.50 Aug/14 0.90 2.90 -6.60 percent [+]
Netherlands 0.20 Aug/14 0.60 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.90 Aug/14 0.50 6.80 -7.00 percent [+]
Spain 0.50 Aug/14 0.50 1.53 -1.60 percent [+]
Switzerland 0.60 Aug/14 0.30 1.90 -2.20 percent [+]
Turkey 0.40 Aug/14 -0.50 6.69 -7.57 percent [+]
United Kingdom 0.70 Aug/14 0.90 5.00 -2.70 percent [+]
United States 3.90 Aug/14 4.60 16.90 -10.00 percent [+]