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

The Gross Domestic Product (GDP) in Portugal expanded 0.40 percent in the second quarter of 2015 over the previous quarter, mainly due to an expansion of domestic demand. 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. After three years of the Economic and Financial Assistance Programme, the Portuguese economy was able to correct a number of macroeconomic imbalances, such as net financing capacity in relation to the exterior, ongoing budget consolidation, and transfer of resources from the non-tradable sector to the tradable one. Nevertheless, the severe austerity measures originated high job destruction rates, record high unemployment rates, and massive long-term unemployment; along with worsening social conditions and increasing public debt (165 percent of GDP in the second quarter of 2015, when includes public enterprises). In 2014, the private final consumption expenditure was the main component of GDP accounting for 64 percent of its total use, followed by the government final consumption expenditure (19 percent) and the gross capital formation (15 percent). 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, August 28, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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% 0.4% 0.5% 0.45%
2015-08-31 11:00 AM Q2 0.4% 0.4%
2015-11-13 09:30 AM Q3 0.24%
2015-11-27 11:00 AM Q3


Portugal GDP Expands 0.4% in Q2


The Portuguese economy advanced 0.4 percent on quarter in the three months to June, the same as in the previous period but below market expectations. While domestic demand continued to be the main driver of growth, net external demand dragged the expansion down, preliminary estimates showed.

It was the fifth straight quarter of expansion supported by a rise in domestic demand.

Year-on-year, the GDP advanced 1.5 percent, the same pace as in the previous period, as the expansion of both domestic demand and investments were enough to offset the deterioration of the net external demand. 

joana.ferreira@tradingeconomics.com
8/14/2015 10:56:24 AM


Recent Releases

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.
Published on 2015-05-29

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 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 1.50 1.40 5.10 -4.20 percent [+]
GDP Constant Prices 42549.30 42345.40 45758.10 33670.70 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 832.10 827.80 916.10 782.30 EUR Million [+]
GDP From Construction 1605.00 1513.10 3452.00 1490.50 EUR Million [+]
GDP From Manufacturing 5078.80 5148.10 5587.00 4093.80 EUR Million [+]
GDP From Services 7583.00 7501.70 7583.00 5326.40 EUR Million [+]
GDP From Transport 3017.20 3084.60 3261.20 1865.20 EUR Million [+]
GDP From Utilities 1192.10 1199.00 1315.00 777.80 EUR Million [+]
Gross Fixed Capital Formation 6789.40 6595.10 11235.50 6356.70 EUR Million [+]
Gross National Product 42383.00 43705.00 46419.00 28397.00 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 0.30 Jun/15 0.40 1.30 -2.90 percent [+]
France 0.00 Jun/15 0.60 7.70 -5.00 percent [+]
Germany 0.40 Jun/15 0.30 2.00 -4.50 percent [+]
India 2.06 Mar/15 1.36 5.30 -1.70 percent [+]
Indonesia 3.78 Jun/15 -0.18 3.83 -3.57 percent [+]
Italy 0.20 Jun/15 0.30 6.00 -3.50 percent [+]
Japan -0.40 Jun/15 1.00 3.20 -4.00 percent [+]
Mexico 0.50 Jun/15 0.40 2.90 -6.60 percent [+]
Netherlands 0.10 Jun/15 0.60 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 3.70 Jun/15 0.60 16.90 -10.00 percent [+]