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

The Portuguese economy showed no growth in the three months to September, compared to 0.5 percent growth in the previous quarter and matching preliminary estimates. While domestic demand contracted by 0.5 percent mainly due to a 2.9 percent reduction of investment, net external demand expanded as imports fell shrank 3 percent while exports fell at a slower 2.1 percent, final figures showed. 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
0.00 0.50 3.30 -2.60 1988 - 2015 percent Quarterly
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 government debt (130 percent of GDP in 2014). 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 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-08-31 11:00 AM Q2 0.4% 0.4% 0.4%
2015-11-13 09:30 AM Q3 0% 0.5% 0.4% 0.3%
2015-11-30 11:00 AM Q3 0% 0.5% 0% 0%
2016-02-12 09:30 AM Q4 0% 0.4% 0.3%
2016-02-29 11:00 AM Q4 0%
2016-05-13 08:30 AM Q1 0.13%

Portuguese GDP Stagnates in Q3


The Portuguese economy showed no growth in the three months to September, compared to 0.5 percent growth in the previous quarter and matching preliminary estimates. While domestic demand contracted mainly due to a reduction of investment, net external demand expanded, final figures showed.

Portuguese economic growth stalled in the third quarter of 2015 after five straight periods of expansion as domestic demand shrank by 0.5 percent (against +1.2 percent in Q2), due to a 2.9 percent contraction of gross fixed capital formation (against +1.4 percent) and a 0.6 percent fall in government expenditure (against +0.8 percent), while household spending grew by 0.5 percent (against +1 percent). Meanwhile, net external demand expanded, as imports of goods and services decreased by 3 percent (against +4.7 percent in Q2) while exports fell at a slower 2.1 percent (against +3.2 percent). 

Total employment shrank 0.5 percent, following a 0.9 percent growth in the precedent quarter.

Year-on-year, the economy advanced 1.4 percent, easing from a 1.6 percent growth in the previous quarter. Final consumption expenditure grew 1.9 percent, after increasing 2.6 percent in the previous quarter, as households spending expanded by 2.4 percent (+3.2 percent in Q2) and public expenditure increased by only 0.4 percent (+0.6 percent in Q2). Fixed investment grew 1.9 percent (+5.3 percent in Q2), contributing to a 1.7 percent expansion of gross capital formation (+8.5 percent in Q2). Exports increased by 3.9 percent (+7.3 percent in Q2) and imports went up by 4.9 percent (+12 percent in Q2). As a result, net exernal demand registered a significant negative contribution to the economy's growth.

INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/30/2015 11:46:58 AM

Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.00 0.50 3.30 -2.60 percent [+]
GDP Annual Growth Rate 1.40 1.60 5.00 -4.50 percent [+]
GDP 230.12 226.07 262.01 3.19 USD Billion [+]
GDP Constant Prices 42812.30 42802.60 45757.80 33671.10 EUR Million [+]
Gross Fixed Capital Formation 6796.60 6998.50 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 [+]
Gross National Product 45778.00 45288.00 46412.00 28400.00 EUR Million [+]
GDP From Agriculture 867.70 861.90 916.10 782.30 EUR Million [+]
GDP From Construction 1682.40 1700.00 3452.00 1607.20 EUR Million [+]
GDP From Manufacturing 5213.10 5192.30 5587.00 4093.80 EUR Million [+]
GDP From Services 7857.80 7795.30 7857.80 5326.50 EUR Million [+]
GDP From Transport 2976.10 2989.30 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1043.00 1045.40 1315.00 777.80 EUR Million [+]




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