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

The Portuguese economy advanced 0.2 percent on quarter in the three months to December of 2015 following an upwardly revised 0.1 percent growth in the previous period and matching preliminary estimates. While net external demand expanded, domestic demand contracted mainly due to a reduction of investment, final figures showed. Year-on-year, the economy advanced 1.3 percent. 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
0.20 0.00 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-30 11:00 AM Q3 0% 0.5% 0% 0%
2016-02-12 09:30 AM Q4 0.2% 0% 0.4% 0.3%
2016-02-29 11:00 AM Q4 0.2% 0.1% 0.2% 0.2%
2016-05-13 08:30 AM Q1 0.2% 0.2%
2016-05-30 10:00 AM Q1 0.2%
2016-08-15 08:30 AM Q2 0.22%

Portugal Q4 GDP Growth Confirmed at 0.2%


The Portuguese economy advanced 0.2 percent on quarter in the three months to December of 2015 following an upwardly revised 0.1 percent growth in the previous period and matching preliminary estimates. While net external demand expanded, domestic demand contracted mainly due to a reduction of investment, final figures showed.

It was the seventh consecutive period of expansion mainly boosted by net external demand as exports of goods and services expanded 1.5 percent (-1.8 percent in Q3), while imports advanced at a slower 0.8 percent (-3 percent in Q3). By contrast, domestic demand shrank by 0.1 percent (-0.4 percent in Q3), due to a 1.6 percent contraction of gross fixed capital formation (-2.7 percent in Q3) while government expenditure showed no growth (-0.5 percent in Q3) and household consumption grew at a slower 0.2 percent (+0.4 percent in Q3). 

Total employment advanced 0.7 percent, following a 0.5 percent contraction in the precedent quarter.

Year-on-year, the economy advanced 1.3 percent, easing from a 1.4 percent growth in the previous quarter. Domestic demand grew 2.1 percent, the same as in the previous quarter, as households spending expanded by 2.4 percent (+2.3 percent in Q3) and public expenditure increased by 0.9 percent (+1 percent in Q3). Fixed investment contracted 0.9 percent (+2 percent in Q3). Exports increased by 2.3 percent (+4 percent in Q3) and imports went up by 4.3 percent (+5.4 percent in Q3). As a result, net exernal demand registered a significant negative contribution to the economy's growth.

Considering full 2015, the GDP expanded by 1.5 percent (+0.9 percent in 2014), supported by private and public consumption while net external demand held back growth.

INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/29/2016 11:54:16 AM

Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.00 3.30 -2.60 percent [+]
GDP Annual Growth Rate 1.30 1.40 5.00 -4.50 percent [+]
GDP 230.12 226.07 262.01 3.19 USD Billion [+]
GDP Constant Prices 42932.30 42835.00 45757.80 33671.10 EUR Million [+]
Gross Fixed Capital Formation 6694.60 6804.80 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 [+]
GDP From Agriculture 905.60 900.60 916.10 782.30 EUR Million [+]
GDP From Construction 1727.60 1681.70 3452.00 1607.20 EUR Million [+]
GDP From Manufacturing 5234.00 5210.10 5587.00 4093.80 EUR Million [+]
GDP From Services 7866.20 7852.90 7866.20 5326.50 EUR Million [+]
GDP From Transport 2969.00 2985.40 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1008.00 1050.50 1315.00 777.80 EUR Million [+]
Gross National Product 45280.00 45778.00 46412.00 28400.00 EUR Million [+]




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