Portugal GDP Growth Rate  1988-2017 | Data | Chart | Calendar | Forecast

The Portuguese economy advanced 0.6 percent on quarter in the last three months of 2016, slowing from a 0.8 percent expansion in the previous period but beating market expectations of 0.5 percent. Domestic demand was the main contributor to growth, preliminary estimates showed. 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.

Portugal GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-15 09:30 AM Q3 0.8% 0.3% 0.2% 0.2%
2016-11-30 11:00 AM Q3 0.8% 0.3% 0.8% 0.8%
2017-02-14 09:30 AM Q4 0.6% 0.8% 0.5% 0.4%
2017-03-01 11:00 AM Q4 0.8% 0.6% 0.6%
2017-05-12 08:30 AM Q1 0.3%
2017-05-31 10:00 AM Q1 0.3%




Portugal GDP Growth Betas Expectations In Q4


The Portuguese economy advanced 0.6 percent on quarter in the last three months of 2016, slowing from a 0.8 percent expansion in the previous period but beating market expectations of 0.5 percent. Domestic demand was the main contributor to growth, preliminary estimates showed.

Domestic demand made a positive contribution to growth in the last quarter of 2016 after dragging it down in the previous period, mainly boosted by investment. In contrast, net trade contributed negatively to growth mainly due to a jump in imports. 

Year-on-year, the economy advanced 1.9 percent, higher than 1.6 percent in the third quarter and beating market expectations of 1.6 percent. It is the highest growth rate since the last quarter of 2013 as investment recovered and household spending accelerated. On the other hand, imports rose faster than exports, bringing net trade contribution to negative.

Considering full 2016, the GDP expanded 1.4 percent, lower than 1.6 percent in 2015 but higher than government estimates of 1.2 percent and European Commission ones of 1.3 percent. 

INE | Joana Taborda | joana.taborda@tradingeconomics.com
2/14/2017 10:47:05 AM



Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.80 3.30 -2.60 percent [+]
GDP Annual Growth Rate 1.90 1.60 5.00 -4.50 percent [+]
GDP 198.92 230.12 262.01 3.19 USD Billion [+]
GDP Constant Prices 43820.80 43546.40 45757.90 33671.10 EUR Million [+]
Gross Fixed Capital Formation 6691.20 6756.70 11235.50 6328.90 EUR Million [+]
GDP per capita 21960.47 21537.46 22831.21 4506.32 USD [+]
GDP per capita PPP 26688.96 26174.86 27747.17 20281.54 USD [+]
GDP From Agriculture 910.00 903.90 916.10 782.30 EUR Million [+]
GDP From Construction 1454.60 1470.10 3452.00 1454.60 EUR Million [+]
GDP From Manufacturing 5329.50 5175.70 5587.00 4093.80 EUR Million [+]
GDP From Services 8231.10 8154.30 8231.10 5326.50 EUR Million [+]
GDP From Transport 2985.50 2923.60 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1167.30 1141.80 1315.00 777.80 EUR Million [+]
Gross National Product 47114.91 46684.15 47114.91 28400.00 EUR Million [+]



Portugal GDP Growth Rate Notes

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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.80 3.30 -2.60 1988 - 2016 percent Quarterly



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