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

The Gross Domestic Product (GDP) in Portugal expanded 0.50 percent in the fourth quarter of 2014 over the previous quarter. GDP Growth Rate in Portugal averaged 0.39 percent from 1988 until 2014, 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.

      Forecast    
Portugal GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.30 3.30 -2.60 1988 - 2014 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. Economic growth had been above the EU average for much of the 1990s, but has been below par during the last decade. 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 Tuesday, April 21, 2015.


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.

Final figures confirmed the economy accelerated from a 0.3 percent expansion in the third quarter. 

Year-on-year, the GDP rose 0.7 percent, down from a 1.1 percent increase in the previous three months, due to a slowdown in private consumption (1.4 percent in Q4 from 2.1 percent in Q3). 

Considering full 2014, the economy grew for the first time in four years. The GDP rose 0.9 percent, following a 1.4 percent drop in 2013. Domestic demand rebounded 2 percent (-2.3 percent in 2013) while exports rose at a slower 3.4 percent (6.4 percent in 2013).

Joana Taborda | joana.taborda@tradingeconomics.com
2/27/2015 11:30:05 AM


Recent Releases

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 Growth Is Revised Up in Q3
The Portuguese economy expanded 0.3 percent quarter-on-quarter in July to September period as gains in private consumption were enough to offset a decline in net trade. Published on 2014-11-28


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-28 11:00 AM
GDP Growth Rate QoQ - Final  Q3
0.3% 0.3% 0.2% 0.2%
2015-02-13 09:30 AM
GDP Growth Rate QoQ Prel  Q4
0.5% 0.3% 0.3% 0.13%
2015-02-27 11:00 AM
GDP Growth Rate QoQ Final  Q4
0.5% 0.3% 0.5% 0.5%
2015-05-15 09:30 AM
GDP Growth Rate QoQ Prel  Q1
0.5% 0.27%
2015-06-09 11:00 AM
GDP Growth Rate QoQ - 2 Est  Q1
2015-08-14 09:30 AM
GDP Growth Rate QoQ Prel  Q2
0.2%


Portugal GDP Last Previous Highest Lowest Unit
GDP 219.96 212.14 252.00 3.20 USD Billion [+]
GDP Growth Rate 0.50 0.30 3.30 -2.60 percent [+]
GDP Annual Growth Rate 0.70 1.10 5.10 -4.20 percent [+]
GDP Constant Prices 42223.50 42407.40 45758.10 33669.10 EUR Million [+]
GDP per capita 17766.67 17918.41 18896.96 3717.61 USD [+]
GDP per capita PPP 24882.39 25094.92 26465.38 19281.41 USD [+]
Gross Fixed Capital Formation 6589.80 6730.50 11235.50 6356.70 EUR Million [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.30 Feb/15 1.50 2.50 1.40 percent [+]
Euro Area 0.30 Nov/14 0.20 1.30 -2.80 percent [+]
France 0.10 Nov/14 0.30 1.60 -1.70 percent [+]
Germany 0.70 Nov/14 0.10 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -2.06 Nov/14 3.16 3.83 -3.57 percent [+]
Italy 0.00 Nov/14 -0.10 6.00 -3.50 percent [+]
Japan 0.40 Nov/14 -0.60 3.20 -4.00 percent [+]
Mexico 0.70 Nov/14 0.50 2.90 -6.60 percent [+]
Netherlands 0.80 Nov/14 0.30 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.30 Nov/14 0.80 6.80 -7.00 percent [+]
Spain 0.80 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.60 Nov/14 0.60 5.00 -2.70 percent [+]
United States 2.20 Nov/14 5.00 16.90 -10.00 percent [+]