Portugal GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Portugal expanded 1.70 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Portugal is reported by the Statistics Portugal. GDP Annual Growth Rate in Portugal averaged 1.22 Percent from 1996 until 2013, reaching an all time high of 5.60 Percent in the fourth quarter of 1998 and a record low of -4.10 Percent in the first quarter of 2009. In Portugal, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides - Portugal GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.70 -0.90 5.60 -4.10 2.07 | 2014/03 1996 - 2013 Percent Quarterly

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Portugal GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-14 09:30 AM Portugal
GDP Growth Rate YoY
Q3 2013 -1.0% -2.0% (R) -1.8% -1.57%
2013-12-09 11:00 AM Portugal
GDP Growth Rate YoY - Final
Q3 2013 -1.0% -2.0% -1.0% -1.0%
2014-02-14 09:30 AM Portugal
GDP Growth Rate YoY
Q4 2013 1.6% -0.9% (R) -0.89%
2014-03-11 11:00 AM Portugal
GDP Growth Rate YoY - 2 Est
Q4 2013 1.7% -0.9% 1.6% 1.6%
2014-05-15 11:00 AM Portugal
GDP Growth Rate YoY Prel
Q1 2014 1.7% 2.25%
2014-06-09 11:00 AM Portugal
GDP Growth Rate YoY - 2 Est
Q1 2014 1.7%
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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 38834.15 2014-03-31 EUR Million [+]
GDP per capita 17839.68 2012-12-31 18385.81 18780.51 3717.61 17363.74 2013-12-31 USD [+]
GDP per capita PPP 20962.45 2012-12-31 21604.19 22067.98 11927.01 20274.34 2013-12-31 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 3.20 195.26 2013-12-31 USD Billion [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Portugal Inflation Rate Down to 4-1/2-Year Low  
Portugal’ annual inflation rate dropped to -0.37 percent in March of 2014, down from -0.08 percent in the previous month and 0.45 percent a year earlier. It is the lowest level since November of 2009.
Portuguese Trade Deficit Widens in February Over a Year Earlier  
The trade deficit increased to EUR 795.0 million in February of 2014, from EUR 744.4 million a year earlier, as exports increased by 4.7 percent and imports rose by 5.0 percent. Compared with January of 2014, the gap decreased from a revised EUR 956.0 million.
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Portuguese trade deficit widened to € 925 million in January of 2014, from a revised € 888 million deficit in December and a € 599 million gap a year earlier. Imports from countries outside the EU surged as bad weather conditions in December affected the normal working schedule of the port terminals.
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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.
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In January of 2014, Portuguese annual inflation rate slowed to 0.1 percent from 0.2 percent in the last month of 2013. On a monthly basis, prices fell sharply by 1.4 percent, the lowest rate in almost 38 years, due to lower cost of clothing and flights.
Portugal Posts the Lowest Trade Deficit in 17 Years  
In 2013, Portugal’s trade deficit shrank 15 percent over the previous year to € 9.28 billion, the lowest deficit since 1996. The coverage rate reached 83.6 percent, corresponding to a 3.0 p.p. increase over a year earlier.
Portuguese Unemployment Falls for 3rd Straight Quarter  
In the fourth quarter of 2013, Portugal’s jobless rate decreased for the third straight quarter to 15.3, from 15.6 percent in the previous three-month period. A year earlier, unemployment reached 16.9 percent.
Portuguese Inflation Rate Rises 0.2% in December  
In December of 2013, Portuguese annual inflation rate turned positive and rose 0.2 percent, after falling 0.2 percent in the previous two months, due to higher prices of health, food and alcoholic beverages.
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