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

The Portuguese economy expanded 0.2 percent on the quarter in the three months to June 2016, the same pace as in the previous period and in line with market expectations, preliminary estimates showed. Net external demand was the main driver of growth while domestic demand stagnated. Compared to the same period of 2015, the GDP expanded 0.8 percent, lower than a 0.9 percent growth in the previous quarter and in line with market expectations. It was the lowest reading since the first quarter of 2015, as household consumption slowed and investment contracted. GDP Growth Rate in Portugal averaged 0.38 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. 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 0.20 3.30 -2.60 1988 - 2016 percent Quarterly
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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-13 08:30 AM Q1 0.1% 0.2% 0.4% 0.2%
2016-05-31 10:00 AM Q1 0.2% 0.2% 0.1% 0.1%
2016-08-12 08:30 AM Q2 0.2% 0.2% 0.2%
2016-08-31 10:00 AM Q2 0.2% 0.2% 0.2%
2016-11-14 09:30 AM Q3 0.12%
2016-11-30 11:00 AM Q3

Portugal GDP Growth Steady at 0.2% in Q2


The Portuguese economy expanded 0.2 percent on the quarter in the three months to June 2016, the same pace as in the previous period and in line with market expectations, preliminary estimates showed.

Compared to the first quarter of the year, net external demand was the main driver of growth while domestic demand stagnated.

Year-on-year, the GDP expanded 0.8 percent, lower than a 0.9 percent growth in the previous quarter and in line with market expectations. It was the lowest reading since the first quarter of 2015 as household consumption slowed and investment contracted while positive contribution came from net external demand.

The Portuguese government expects the economy to expand 1.8 percent this year.

INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/12/2016 9:58:04 AM

Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.20 3.30 -2.60 percent [+]
GDP Annual Growth Rate 0.80 0.90 5.00 -4.50 percent [+]
GDP 198.93 230.12 262.01 3.19 USD Billion [+]
GDP Constant Prices 43105.70 42952.00 45757.80 33671.10 EUR Million [+]
Gross Fixed Capital Formation 6740.00 6694.60 11235.50 6335.70 EUR Million [+]
GDP per capita 21961.39 21537.46 22831.21 4506.32 USD [+]
GDP per capita PPP 26690.06 26174.86 27747.17 20281.54 USD [+]
GDP From Agriculture 927.30 905.60 927.30 782.30 EUR Million [+]
GDP From Construction 1674.90 1727.60 3452.00 1607.20 EUR Million [+]
GDP From Manufacturing 5063.40 5234.00 5587.00 4093.80 EUR Million [+]
GDP From Services 7977.40 7866.20 7977.40 5326.50 EUR Million [+]
GDP From Transport 2957.40 2969.00 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1046.90 1008.00 1315.00 777.80 EUR Million [+]
Gross National Product 44338.00 45280.00 46412.00 28400.00 EUR Million [+]




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Venezuela 6.80 Dec/13
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Vietnam 5.55 Jun/16
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Angola 4.90 Dec/15
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Indonesia 4.02 Jun/16
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
United Arab Emirates 3.90 Dec/15
Egypt 3.80 Dec/15
Mongolia 3.10 Mar/16
Rwanda 2.35 Dec/15
India 2.10 Mar/16
Botswana 1.80 Mar/16
China 1.80 Jun/16
Philippines 1.80 Jun/16
Costa Rica 1.75 Mar/16
Moldova 1.70 Mar/16
Hong Kong 1.60 Jun/16
Serbia 1.60 Mar/16
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Romania 1.50 Jun/16
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Tanzania 1.50 Sep/10
Bosnia and Herzegovina 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
Australia 1.10 Mar/16
Ghana 1.10 Mar/16
Hungary 1.10 Jun/16
United States 1.10 Jun/16
Norway 1.00 Mar/16
Bahrain 0.90 Mar/16
Czech Republic 0.90 Jun/16
Israel 0.90 Jun/16
Mauritius 0.90 Mar/16
Poland 0.90 Jun/16
Slovakia 0.90 Jun/16
Paraguay 0.80 Mar/16
Spain 0.80 Jun/16
Thailand 0.80 Jun/16
Turkey 0.80 Mar/16
Bulgaria 0.70 Jun/16
Cyprus 0.70 Jun/16
Denmark 0.70 Mar/16
Luxembourg 0.70 Mar/16
Malaysia 0.70 Jun/16
New Zealand 0.70 Mar/16
South Korea 0.70 Jun/16
Canada 0.60 Mar/16
Croatia 0.60 Apr/16
Netherlands 0.60 Jun/16
Ukraine 0.60 Jun/16
United Kingdom 0.60 Jun/16
Belgium 0.50 Jun/16
Slovenia 0.50 Mar/16
European Union 0.40 Jun/16
Germany 0.40 Jun/16
Latvia 0.40 Jun/16
Tunisia 0.40 Mar/16
Austria 0.30 Jun/16
Estonia 0.30 Jun/16
Euro Area 0.30 Jun/16
Finland 0.30 Jun/16
Greece 0.30 Jun/16
Malta 0.30 Mar/16
Singapore 0.30 Jun/16
Sweden 0.30 Jun/16
Colombia 0.20 Mar/16
Portugal 0.20 Jun/16
Taiwan 0.15 Jun/16
Lithuania 0.10 Jun/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Cameroon 0.05 Dec/15
France 0.00 Jun/16
Italy 0.00 Jun/16
Japan 0.00 Jun/16
Mozambique 0.00 Jun/16
Peru 0.00 Mar/16
Trinidad And Tobago -0.10 Dec/15
Mexico -0.20 Jun/16
Brazil -0.30 Mar/16
Chile -0.40 Jun/16
Iceland -0.50 Mar/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Jamaica -0.60 Mar/16
Argentina -0.70 Mar/16
Belize -1.07 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Dominican Republic -1.67 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Qatar -2.60 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16