Portugal GDP Growth Rate 1988-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Portugal expanded 0.30 percent in the second 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.

   
 
 

Portugal GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.30 -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. Content for - Portugal GDP Growth Rate - was last refreshed on Thursday, October 23, 2014.


Portuguese GDP Growth Revised Down in Q2


The Portuguese economy advanced 0.3 percent on quarter in the April to June period, down from a preliminary estimate of a 0.6 percent increase. The difference is mainly due to methodological changes in computing GDP figures.

Statistics Portugal changed the base year of GDP calculation from 2006 to 2011. The new figures are adjusted for seasonal and calendar effects while before only seasonal adjustment was taking into account. As a result, the economy advanced at a slower 0.3 percent in the second quarter of 2014, as the Easter holiday effect was considered. 

In contrast, the year-on-year figure was revised upwards to show a 0.9 percent expansion (0.8 percent in the flash estimate). Exports rose at a slower 2.4 percent and internal demand eased to 1.8 percent. 

INE | Joana Taborda | joana.taborda@tradingeconomics.com
9/8/2014 11:58:01 AM


Recent Releases

Portuguese Economy Expands 0.6% in Q2
Portuguese GDP grew by 0.6 percent in the second quarter of 2014, following a contraction of 0.6 percent reported in the first three months of the year. Published on 2014-08-14

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. Published on 2014-06-09


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 09:30 AM Portugal
GDP Growth Rate QoQ Prel
Q2 2014 0.6% -0.6% 0.5% 0.3%
2014-09-08 11:00 AM Portugal
GDP Growth Rate QoQ - Final
Q2 2014 0.3% -0.5% (R) 0.6% 0.6%
2014-11-14 11:00 AM Portugal
GDP Growth Rate QoQ Prel
Q3 2014 0.3% -0.17%


Portugal GDP Last Previous Highest Lowest Unit
GDP 219.96 212.14 252.00 3.20 USD Billion [+]
GDP Growth Rate 0.30 -0.50 3.30 -2.60 Percent [+]
GDP Annual Growth Rate 0.90 1.00 5.10 -4.20 Percent [+]
GDP Constant Prices 38691.00 38455.00 41449.80 30542.60 EUR Million [+]
GDP per capita 17766.67 17918.41 18896.96 3717.61 USD [+]
GDP per capita PPP 24882.39 25094.92 26465.38 19281.41 USD [+]
Gross Fixed Capital Formation 6556.20 6368.60 11315.50 6285.80 EUR Million [+]