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, in line with preliminary estimates and slowing from an upwardly revised 0.9 percent expansion in the previous period. Domestic demand rebounded as household spending and investment accelerated while net trade dragged down on growth due to a surge in imports. Considering full 2016, the economy expanded 1.4 percent, below 1.6 percent in 2015. 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)
2016-11-30 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 0.6% 0.9% 0.6% 0.6%
2017-05-15 08:30 AM Q1 0.6% 0.3%
2017-05-31 10:00 AM Q1 0.6% 0.3%
2017-08-11 08:30 AM Q2 0.4%




Portugal GDP Growth Confirmed At 0.6% In Q4


The Portuguese economy advanced 0.6 percent on quarter in the last three months of 2016, in line with preliminary estimates and slowing from an upwardly revised 0.9 percent expansion in the previous period. Domestic demand rebounded as household spending and investment accelerated while net trade dragged down on growth due to a surge in imports. Considering full 2016, the economy expanded 1.4 percent, below 1.6 percent in 2015.

Household spending increased 1.1 percent, following a 0.4 percent rise in Q3 and government spending recovered (0.3 percent from -0.6 percent). Gross fixed capital formation went up 4.6 percent, following a 0.2 percent gain in Q3: investment recovered for transport equipment (9.2 percent from -6.2 percent in Q3) and intellectual property products (2.8 percent from -2.4 percent in Q3) and jumped for construction (7.7 percent from 0.2 percent in Q3). Exports increased 2.5 percent, the same as in the previous period while imports surged 4.5 percent, following a 0.1 percent drop in Q3.  

Year-on-year, the economy expanded 2 percent, following an upwardly revised 1.7 percent increase in Q3 and higher than initial estimates of 1.9 percent. It is the highest growth rate since the second quarter of 2010, mainly due to a recovery in investment and rising household spending.

Considering full 2016, consumption slowed (1.9 percent from 2.2 percent), gross capital formation contracted (-0.9 percent from 4.6 percent) and both exports (4.4 percent from 6.1 percent) and imports (4.4 percent from 8.2 percent) rose at a slower pace. 

INE | Joana Taborda | joana.taborda@tradingeconomics.com
3/1/2017 11:46:43 AM



Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.90 3.30 -2.60 percent [+]
GDP Annual Growth Rate 2.00 1.70 5.00 -4.50 percent [+]
GDP 198.92 230.12 262.01 3.19 USD Billion [+]
GDP Constant Prices 43864.70 43591.70 45757.90 33671.10 EUR Million [+]
Gross Fixed Capital Formation 7098.40 6785.10 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 804.50 910.00 916.10 782.30 EUR Million [+]
GDP From Construction 1559.50 1454.60 3452.00 1454.60 EUR Million [+]
GDP From Manufacturing 5394.10 5329.50 5587.00 4093.80 EUR Million [+]
GDP From Services 8382.70 8231.10 8382.70 5326.50 EUR Million [+]
GDP From Transport 3063.30 2985.50 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1179.20 1167.30 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.90 3.30 -2.60 1988 - 2016 percent Quarterly



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