PORTUGAL OUTPUT GAP IN PERCENT OF POTENTIAL GDP


THE OUTPUT GAP IN PERCENT OF POTENTIAL GDP IN PORTUGAL WAS REPORTED AT -2.58 PERCENT OF POTENTIAL GDP IN 2009, ACCORDING TO THE INTERNATIONAL MONETARY FUND (IMF). OUTPUT GAPS FOR ADVANCED ECONOMIES ARE CALCULATED AS ACTUAL GDP LESS POTENTIAL GDP AS A PERCENT OF POTENTIAL GDP. ESTIMATES OF OUTPUT GAPS ARE SUBJECT TO A SIGNIFICANT MARGIN OF UNCERTAINTY. FOR A DISCUSSION OF APPROACHES TO CALCULATING POTENTIAL OUTPUT; SEE PAULA R. DE MASI; IMF ESTIMATES OF POTENTIAL OUTPUT: THEORY AND PRACTICE; IN STAFF STUDIES FOR THE WORLD ECONOMIC OUTLOOK (WASHINGTON: IMF; DECEMBER 1997); PP. 40-46. IN 2009, PORTUGAL'S ECONOMY SHARE OF WORLD TOTAL GDP, ADJUSTED BY PURCHASING POWER PARITY, WAS 0.33 PERCENT. IN 2015, PORTUGAL'S SHARE OF WORLD TOTAL GDP IS FORECASTED TO BE 0.28 PERCENT. THIS PAGE INCLUDES A CHART, HISTORICAL DATA AND FORECAST FOR PORTUGAL'S OUTPUT GAP IN PERCENT OF POTENTIAL GDP.



 portugal output gap in percent of potential gdp imf data




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IMF Data Specifications


CountryPortugal
Subject DescriptorOutput gap in percent of potential GDP
Subject NotesOutput gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty. For a discussion of approaches to calculating potential output; see Paula R. De Masi; IMF Estimates of Potential Output: Theory and Practice; in Staff Studies for the World Economic Outlook (Washington: IMF; December 1997); pp. 40-46.
UnitsPercent of potential GDP
Scale 
Country/Series-specific NotesSee notes for: Gross domestic product; constant prices (National currency).
Estimates Start After2009
TitlePortugal Output gap in percent of potential GDP
KeywordsPortugal Output gap in percent of potential GDP, Portugal Output gap in percent of potential GDP data,Portugal Output gap in percent of potential GDP chart,Portugal Output gap in percent of potential GDP historical data,Portugal Output gap in percent of potential GDP graph,Portugal Output gap in percent of potential GDP forecast.