Portugal GDP Growth Rate

The Gross Domestic Product (GDP) in Portugal expanded 0.60 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Portugal is reported by the Statistics Portugal. GDP Growth Rate in Portugal averaged 0.40 Percent from 1988 until 2013, 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 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.60 0.30 3.30 -2.60 1.21 | 2014/03 1988 - 2013 Percent Quarterly

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Portugal GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-14 09:30 AM Portugal
GDP Growth Rate QoQ
Q3 2013 0.2% 1.1% -0.5% -0.9%
2013-12-09 11:00 AM Portugal
GDP Growth Rate QoQ - Final
Q3 2013 0.2% 1.1% 0.2% 0.2%
2014-02-14 09:30 AM Portugal
GDP Growth Rate QoQ
Q4 2013 0.5% 0.3% (R) -0.1%
2014-03-11 11:00 AM Portugal
GDP Growth Rate QoQ - 2 Est
Q4 2013 0.6% 0.3% 0.5% 0.5%
2014-05-15 11:00 AM Portugal
GDP Growth Rate QoQ Prel
Q1 2014 0.6% 1.27%
2014-06-09 11:00 AM Portugal
GDP Growth Rate QoQ - 2 Est
Q1 2014 0.6%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 38731.70 2013-11-15 38510.80 41449.30 30544.20 39175.26 2014-06-30 EUR Million [+]
GDP per capita 17839.68 2012-12-31 18385.81 18780.51 3717.61 17039.98 2014-06-30 USD [+]
GDP per capita PPP 20962.45 2012-12-31 21604.19 22067.98 11927.01 20022.76 2014-06-30 USD [+]
GDP Growth Rate 0.60 2013-12-31 0.30 3.30 -2.60 1.21 2014-03-31 Percent [+]
GDP Annual Growth Rate 1.70 2013-12-31 -0.90 5.60 -4.10 2.07 2014-03-31 Percent [+]
GDP 212.00 2012-12-31 238.00 252.00 3.20 196.91 2014-06-30 USD Billion [+]
[+]


Portuguese GDP Advanced More than Expected in Q4

The Portuguese economy expanded a revised 0.6 percent in the last quarter of 2013, up from the previous quarter's 0.3 percent growth. The final figure comes better than a 0.5 percent expansion previously reported, boosted by investment and exports.

Domestic demand contributed 0.4 percent to the quarter-on-quarter growth rate, driven by a 3.3 percent increase in investment (4.9 percent in the previous quarter), while private consumption fell 0.5 percent (1.1 percent in the previous three-month period). 

Net external demand contribution increased to 0.2 percent and rebounded from a negative 1.1 impact last quarter, mainly due to lower imports.

Compared with the same quarter last year, the economy advanced 1.7 percent, up from a preliminary 1.6 percent and surging from a 0.9 percent contraction in the previous quarter. 

Considering full 2013, the GDP still shrank 1.4 percent compared with a 3.2 percent contraction in 2012.

INE | Joana Taborda | joana.taborda@tradingeconomics.com
3/11/2014 11:56:45 AM

RECENT RELEASES

Portuguese Economy Rebounds in Q4 2013
In the last quarter of 2013, Portugal’s GDP advanced 0.5 percent over the previous quarter, accelerating from a 0.3 percent expansion in the previous three-month period, flash estimates showed. Published on 2014-02-14

Portuguese GDP Growth Confirmed at 0.2% in Q3
In the third quarter of 2013, the Portuguese economy advanced 0.2 percent over the previous quarter, down from a 1.1 percent expansion in the preceding three-month period and matching the initial estimate released earlier in November. Published on 2013-12-09


GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


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