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

The Portuguese economy advanced 0.2 percent on quarter in the first three months of 2016, the same as in the previous period and above a preliminary estimate of a 0.1% expansion. It was the eighth consecutive period of growth, boosted by household spending while investment stalled and exports shrank. 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
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 July 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% 0.12%
2016-08-31 10:00 AM Q2 0.2%
2016-11-14 09:30 AM Q3 0.12%

Portugal GDP Growth Revised Up to 0.2% in Q1


The Portuguese economy advanced 0.2 percent on quarter in the first three months of 2016, the same as in the previous period and above a preliminary estimate of a 0.1% expansion. It was the eighth consecutive period of growth, boosted by household spending while investment stalled and exports shrank.

Final consumption expenditure growth accelerated (up 1.1 percent compared to 0.1 percent in the previous quarter) boosted by household spending (+1.3 percent from +0.1 percent) as purchases of durable goods (+11.2 percent from +1 percent), food and beverages (+0.7 percent from -0.04 percent) and other non-durable goods and services (+0.3 percent from +0.1 percent) increased. Government expenditure (+0.3 percent from +0.1 percent) and non-profit institutions consumption (+0.4 percent from +0.3 percent) also increased at a faster pace.

In contrast, gross fixed capital formation showed no growth, after rising 0.6 percent in the last three months of 2015.

Net external demand contributed negatively to growth as exports fell (-0.7 percent from +1.9 percent) and imports grew (+1 percent from +1.7 percent). 

Year-on-year the economy advanced 0.9 percent, slowing from a 1.3 percent expansion in the previous quarter but above preliminary estimates of a 0.8 percent growth. Domestic demand slowed and net external demand made a negative contribution to growth.

INE | Francisco Caeiro | francisco.caeiro@tradingeconomics.com
5/31/2016 12:16:03 PM

Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.20 3.30 -2.60 percent [+]
GDP Annual Growth Rate 0.90 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 6740.00 6694.60 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 927.30 905.60 927.30 782.30 EUR Million [+]
GDP From Construction 1674.90 1727.60 3452.00 1607.20 EUR Million [+]
GDP From Manufacturing 5063.40 5234.00 5587.00 4093.80 EUR Million [+]
GDP From Services 7977.40 7866.20 7977.40 5326.50 EUR Million [+]
GDP From Transport 2957.40 2969.00 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1046.90 1008.00 1315.00 777.80 EUR Million [+]
Gross National Product 44338.00 45280.00 46412.00 28400.00 EUR Million [+]




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Germany 0.70 Mar/16
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Croatia 0.60 Apr/16
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Czech Republic 0.40 Mar/16
Tunisia 0.40 Mar/16
United Kingdom 0.40 Mar/16
Bosnia and Herzegovina 0.30 Dec/15
Israel 0.30 Mar/16
Italy 0.30 Mar/16
Belgium 0.20 Mar/16
Colombia 0.20 Mar/16
Portugal 0.20 Mar/16
Singapore 0.20 Mar/16
Ecuador 0.10 Dec/15
Jamaica 0.10 Dec/15
Latvia 0.10 Mar/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Cameroon 0.05 Dec/15
Estonia 0.00 Mar/16
Poland -0.10 Mar/16
Belize -0.25 Dec/15
Brazil -0.30 Mar/16
Indonesia -0.34 Mar/16
Hong Kong -0.40 Mar/16
Greece -0.50 Mar/16
Iceland -0.50 Mar/16
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Trinidad And Tobago -0.60 Dec/15
Argentina -0.70 Mar/16
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
South Africa -1.20 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16