Portugal GDP Growth Rate

The Gross Domestic Product (GDP) in Portugal contracted 0.60 percent in the first 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.

   
 
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Portugal GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.60 0.50 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.


Portugal GDP Contracts 0.6% QoQ in Q1


The Portuguese economy contracted 0.6 percent quarter-on-quarter in the first three months of 2014, slightly up from a preliminary estimated 0.7 percent contraction. Final figures confirmed the GDP slumped from a 0.5 percent expansion in the previous quarter, hurt by a fall in exports and a slowdown in investment.

Net external demand showed a more significant negative contribution to GDP, shifting from -0.4 percent in the last three months of 2013 to -0.8 percent in the first quarter of 2014, hurt by a fall in exports (-1.9 percent).

Domestic demand contributed 0.2 percent to GDP, less than 0.8 percent in the previous quarter, mainly due to a slowdown in investment.

Year-on-year, the GDP expanded 1.3 percent, compared with a preliminary estimate of 1.2 percent. While net external demand contributed negatively to growth (-1.6 percent), domestic demand accelerated and accounted for 2.8 percent.

INE | Isabel Felino | Isabel.felino@tradingeconomics.com
6/9/2014 12:00:48 PM


Recent Releases

Portugal GDP Contracts in Q1
The Portuguese economy contracted 0.7 percent in the first three months of 2014, following a revised 0.5 percent expansion in the previous quarter, hurt by a fall in exports. Published on 2014-05-15

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. Published on 2014-03-11


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 09:30 AM Portugal
GDP Growth Rate QoQ Prel
Q1 2014 -0.7% 0.5% (R) 0.2% 0.37%
2014-06-09 11:00 AM Portugal
GDP Growth Rate QoQ - 2 Est
Q1 2014 -0.6% 0.5% -0.7% -0.7%
2014-08-14 11:00 AM Portugal
GDP Growth Rate QoQ Prel
Q2 2014 0.09%


GDP Last Previous Highest Lowest Unit
GDP 219.96 212.14 252.00 3.20 USD Billion [+]
GDP Growth Rate -0.60 0.50 3.30 -2.60 Percent [+]
GDP Annual Growth Rate 1.30 1.50 5.60 -4.10 Percent [+]
GDP Constant Prices 38455.00 38731.70 41449.30 30544.20 EUR Million [+]
GDP per capita 17766.67 17918.41 18896.96 3717.61 USD [+]
GDP per capita PPP 20962.45 21604.19 22067.98 11927.01 USD [+]





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