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

The Portuguese economy expanded 0.3 percent on the quarter in the three months to June 2016, compared to a 0.2 percent growth in the previous period and beating preliminary estimates of 0.2 percent. It was the biggest gain since the second quarter of 2015, mainly driven by net external demand, while household consumption expanded at a slower pace and fixed investment continued to contract, final figures showed. Compared to the same period of 2015, the GDP expanded 0.9 percent, the same as in the previous quarter and better than previous estimates of 0.8 percent. 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
0.30 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-31 10:00 AM Q1 0.2% 0.2% 0.1% 0.1%
2016-08-12 08:30 AM Q2 0.2% 0.2% 0.2%
2016-08-31 10:00 AM Q2 0.3% 0.2% 0.2% 0.2%
2016-11-14 09:30 AM Q3 0.3% 0.2%
2016-11-30 11:00 AM Q3 0.3%

Portuguese Q2 GDP Growth Revised Up to 0.3%


The Portuguese economy expanded 0.3 percent on the quarter in the three months to June 2016, compared to a 0.2 percent growth in the previous period and beating preliminary estimates of 0.2 percent. It was the biggest gain since the second quarter of 2015, mainly driven by net external demand, while household consumption expanded at a slower pace and fixed investment continued to contract, final figures showed. Compared to the same period of 2015, the GDP expanded 0.9 percent, the same as in the previous quarter and better than previous estimates of 0.8 percent.

It was the eight consecutive period of expansion and the strongest in one year, mainly boosted by net external demand as exports of goods and services expanded 1.3 percent (+0.1 percent in Q1), while imports advanced at a slower 1.1 percent (+1 percent in Q1). 

Meanwhile, domestic demand expanded slightly by 0.2 percent (+0.6 percent in Q1), due to a sharp slowdown in household consumption growth (+0.1 percent from +1 percent in Q1) while government spending advanced at the same pace as in the previous period (+0.3 percent). In contrast, gross fixed capital formation contracted 0.1 percent (-0.7 percent in Q1), as construction dropped 2.6 percent while machinery grew 1.7 percent.

Total employment advanced 0.6 percent, after showing no growth in the precedent quarter.

Year-on-year, the economy advanced 0.9 percent, the same pace as in the previous quarter. Domestic demand grew 1.3 percent, lower than 2.2 percent in the previous quarter, as households' spending expanded by 1.7 percent (+2.6 percent in Q1) and public expenditure increased by 0.2 percent (+0.9 percent in Q1). Fixed investment contracted 3.1 percent (-1.7 percent in Q1). Exports increased by 1.5 percent (+3.1 percent in Q1) and imports went up by 0.9 percent (+4.6 percent in Q1). As a result, net exernal demand registered a positive contribution to the economy's growth.

INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/31/2016 11:34:38 AM

Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.20 3.30 -2.60 percent [+]
GDP Annual Growth Rate 0.90 0.90 5.00 -4.50 percent [+]
GDP 198.93 230.12 262.01 3.19 USD Billion [+]
GDP Constant Prices 43142.10 43011.50 45757.80 33671.10 EUR Million [+]
Gross Fixed Capital Formation 6769.50 6740.00 11235.50 6335.70 EUR Million [+]
GDP per capita 21961.39 21537.46 22831.21 4506.32 USD [+]
GDP per capita PPP 26690.06 26174.86 27747.17 20281.54 USD [+]
GDP From Agriculture 936.70 927.30 936.70 782.30 EUR Million [+]
GDP From Construction 1637.60 1674.90 3452.00 1607.20 EUR Million [+]
GDP From Manufacturing 5108.00 5063.40 5587.00 4093.80 EUR Million [+]
GDP From Services 8002.00 7977.40 8002.00 5326.50 EUR Million [+]
GDP From Transport 2881.70 2957.40 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1052.10 1046.90 1315.00 777.80 EUR Million [+]
Gross National Product 46684.15 44338.00 46684.15 28400.00 EUR Million [+]




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