http://www.tradingeconomics.com/RSS Feed60http://www.tradingeconomics.com/portugal/current-account-to-gdpPortugal reported a Current Account deficit of 6.4 percent of the country's Gross Domestic Product in 2011. Historically, from 1980 until 2010, Portugal Current Account to GDP averaged -5.5000 Percent reaching an all time high of 3.1000 Percent in December of 1986 and a record low of -14.7000 Percent in December of 1981. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page includes a chart with historical data for Portugal Current Account to GDP. EurostatFri, 25 May 2012 18:50:00 GMThttp://www.tradingeconomics.com/portugal/industrial-productionIndustrial Production in Portugal decreased 5.80 percent in March of 2012. Historically, from 2005 until 2012, Portugal Industrial Production averaged -1.3000 Percent reaching an all time high of 8.9000 Percent in May of 2006 and a record low of -15.5000 Percent in January of 2009. Industrial production measures changes in output for the industrial sector of the economy which includes manufacturing, mining, and utilities. Industrial Production is an important indicator for economic forecasting and is often used to measure inflation pressures as high levels of industrial production can lead to sudden changes in prices. This page includes a chart with historical data for Portugal Industrial Production.Instituto Nacional de EstatisticaFri, 25 May 2012 16:02:00 GMThttp://www.tradingeconomics.com/portugal/unemployment-rateThe unemployment rate in Portugal was last reported at 14 percent in the fourth quarter of 2011. Historically, from 1998 until 2012, Portugal Unemployment Rate averaged 7.2100 Percent reaching an all time high of 14.9000 Percent in March of 2012 and a record low of 3.7000 Percent in June of 2000. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Portugal Unemployment Rate.Instituto Nacional de EstatisticaWed, 16 May 2012 12:23:00 GMThttp://www.tradingeconomics.com/portugal/gdp-growthThe Gross Domestic Product (GDP) in Portugal contracted 0.10 percent in the first quarter of 2012 over the previous quarter. Historically, from 1988 until 2012, Portugal GDP Growth Rate averaged 0.4600 Percent reaching an all time high of 3.3000 Percent in December of 1990 and a record low of -2.6000 Percent in March of 1991. The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. 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 includes a chart with historical data for Portugal GDP Growth Rate.Instituto Nacional de EstatisticaTue, 15 May 2012 11:58:00 GMThttp://www.tradingeconomics.com/portugal/gdp-growth-annualThe Gross Domestic Product (GDP) in Portugal contracted 2.20 percent in the first quarter of 2012 over the same quarter of the previous year. Historically, from 1996 until 2012, Portugal GDP Annual Growth Rate averaged 1.5700 Percent reaching an all time high of 5.6000 Percent in December of 1998 and a record low of -4.1000 Percent in March of 2009. 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. This page includes a chart with historical data for Portugal GDP Annual Growth Rate.Instituto Nacional de EstatisticaTue, 15 May 2012 11:55:00 GMThttp://www.tradingeconomics.com/portugal/inflation-cpiThe inflation rate in Portugal was recorded at 2.90 percent in April of 2012. Historically, from 2002 until 2012, Portugal Inflation Rate averaged 2.4200 Percent reaching an all time high of 4.2000 Percent in February of 2003 and a record low of -1.6000 Percent in June of 2009. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes a chart with historical data for Portugal Inflation Rate.Instituto Nacional de EstatisticaFri, 11 May 2012 12:09:00 GMThttp://www.tradingeconomics.com/portugal/balance-of-tradePortugal reported a trade deficit equivalent to 842 Million EUR in March of 2012. Historically, from 1993 until 2012, Portugal Balance of Trade averaged -1242.6100 Million EUR reaching an all time high of -356.9200 Million EUR in July of 1993 and a record low of -2407.0000 Million EUR in June of 2010. Portugal major exports are: clothing and footwear, machinery, chemicals, cork and paper products, hides, tungsten and wine. Portugal imports mostly machinery and transport equipment, chemicals, petroleum, textiles and agricultural products. European Union is by far its largest trading partner accounting for about 72% of total trade. This page includes a chart with historical data for Portugal Balance of Trade.Instituto Nacional de EstatisticaThu, 10 May 2012 18:54:00 GMThttp://www.tradingeconomics.com/portugal/importsPortugal imports were worth 4934 Million EUR in March of 2012. Historically, from 1993 until 2012, Portugal Imports averaged 3557.5800 Million EUR reaching an all time high of 6030.1800 Million EUR in July of 2008 and a record low of 1219.9900 Million EUR in August of 1993. Portugal major imports are machinery and transport equipment, chemicals, petroleum, textiles and agricultural products. Most imports come from the European Union countries of Spain, Germany, France, Italy, and the United Kingdom. This page includes a chart with historical data for Portugal Imports.Instituto Nacional de EstatisticaThu, 10 May 2012 18:53:00 GMThttp://www.tradingeconomics.com/portugal/exportsPortugal exports were worth 4092 Million EUR in March of 2012. Historically, from 1993 until 2012, Portugal Exports averaged 2349.4100 Million EUR reaching an all time high of 4092.0000 Million EUR in March of 2012 and a record low of 675.8800 Million EUR in August of 1993. Portugal major exports are: clothing and footwear, machinery, chemicals, cork and paper products, hides. Portugal is the world's fifth-largest producer of tungsten, and the world's eighth-largest producer of wine (Port Wine, Vinho Verde and Madeira Wine) and the world’s largest producer of cork. Main export partners are Spain, Germany, France and Italy. This page includes a chart with historical data for Portugal Exports.Instituto Nacional de EstatisticaThu, 10 May 2012 18:51:00 GMThttp://www.tradingeconomics.com/portugal/government-debt-to-gdpPortugal recorded a Government Debt to GDP of 107.80 percent of the country's Gross Domestic Product in 2011. Historically, from 1990 until 2011, Portugal Government Debt To GDP averaged 62.5000 Percent reaching an all time high of 107.8000 Percent in December of 2011 and a record low of 48.5000 Percent in December of 2000. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page includes a chart with historical data for Portugal Government Debt To GDP.EurostatFri, 04 May 2012 16:23:00 GMThttp://www.tradingeconomics.com/portugal/government-budgetPortugal reported a Government Budget deficit equal to 4.20 percent of the country's Gross Domestic Product in 2011. Historically, from 1995 until 2011, Portugal Government Budget averaged -4.5100 Percent of GDP reaching an all time high of -2.8000 Percent of GDP in December of 2002 and a record low of -10.2000 Percent of GDP in December of 2009. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page includes a chart with historical data for Portugal Government Budget.EurostatFri, 04 May 2012 16:22:00 GMThttp://www.tradingeconomics.com/portugal/retail-sales-annualRetail Sales in Portugal decreased 4.80 percent in March of 2012 over the same month in the previous year. Historically, from 1996 until 2012, Portugal Annual Retail Sales averaged 1.3700 Percent reaching an all time high of 18.7000 Percent in March of 1996 and a record low of -10.3000 Percent in December of 2011. A Retail sales report provides an aggregated measure of sales of retail goods over a specific time period. Retail sales are both seasonal and volatile and their importance to the overall gross domestic product varies with each country. However, the retail sales data is widely followed by investors because is only a few weeks old. This page includes a chart with historical data for Portugal Annual Retail Sales.Instituto Nacional de EstatisticaMon, 30 Apr 2012 18:42:00 GMThttp://www.tradingeconomics.com/portugal/business-confidenceIn Portugal, business confidence improved to -4.7 in April of 2012 from -4.8 in March of 2012. Historically, from 1989 until 2012, Portugal Business Confidence averaged 1.7100 reaching an all time high of 5.0000 in January of 1989 and a record low of -4.9000 in February of 2012. In Portugal, the National Statistics Institute (INE) economic climate indicator measures the level of optimism that people who run companies have about the performance of the economy and how they feel about their organizations’ prospects. Business confidence surveys can provide useful signs about the current condition of the economy, because companies often have information about consumer demand sooner than government statisticians do. This page includes a chart with historical data for Portugal Business Confidence.Instituto Nacional de EstatisticaThu, 26 Apr 2012 10:14:00 GMThttp://www.tradingeconomics.com/portugal/consumer-confidenceIn Portugal, consumer confidence improved to -53.3 in April of 2012 from -54.5 in March of 2012. Historically, from 1997 until 2012, Portugal Consumer Confidence averaged -28.4100 reaching an all time high of -5.5000 in November of 1997 and a record low of -57.1000 in January of 2012. In Portugal, the consumer confidence survey measures the level of optimism that consumers have about the performance of the economy. Generally consumer confidence is high when the unemployment rate is low and GDP growth is high. Measures of average consumer confidence can be useful indicators of how much consumers are likely to spend. This page includes a chart with historical data for Portugal Consumer Confidence.Instituto Nacional de EstatisticaThu, 26 Apr 2012 10:12:00 GMThttp://www.tradingeconomics.com/portugal/retail-salesRetail Sales in Portugal decreased 2.70 percent in January of 2012 over the previous month. Historically, from 2000 until 2012, Portugal Retail Sales averaged -0.0100 Percent reaching an all time high of 7.4000 Percent in January of 2005 and a record low of -5.7000 Percent in July of 2005. A Retail sales report provides an aggregated measure of sales of retail goods over a specific time period. Retail sales are both seasonal and volatile and their importance to the overall gross domestic product varies with each country. However, the retail sales data is widely followed by investors because is only a few weeks old. This page includes a chart with historical data for Portugal Retail Sales.EurostatTue, 03 Apr 2012 15:12:00 GMThttp://www.tradingeconomics.com/portugal/current-accountPortugal reported a current account deficit equivalent to 807 Millions EUR in January of 2012. Historically, from 1996 until 2012, Portugal Current Account averaged -1075.4900 Million EUR reaching an all time high of 184.0000 Million EUR in July of 2003 and a record low of -2498.0000 Million EUR in June of 2010. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page includes a chart with historical data for Portugal Current Account.Banco de PortugalTue, 03 Apr 2012 14:30:00 GMThttp://www.tradingeconomics.com/portugal/gdp-per-capitaThe Gross Domestic Product per capita in Portugal was last reported at 11749.49 US dollars in 2010, according to a report published by the World Bank. The GDP per Capita in Portugal is equivalent to 95 percent of the world's average. Historically, from 1960 until 2010, Portugal GDP per capita averaged 7338.1100 USD reaching an all time high of 11926.1400 USD in December of 2007 and a record low of 2343.1900 USD in December of 1960. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page includes a chart with historical data for Portugal GDP per capita.World BankWed, 04 Jan 2012 19:04:00 GMThttp://www.tradingeconomics.com/portugal/gdp-per-capita-pppThe Gross Domestic Product per capita in Portugal was last reported at 25610.05 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in Portugal, when adjusted by Purchasing Power Parity is equivalent to 117 percent of the world's average. Historically, from 1980 until 2010, Portugal GDP per capita PPP averaged 14225.1600 USD reaching an all time high of 25610.0500 USD in December of 2010 and a record low of 5242.7900 USD in December of 1980. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Portugal GDP per capita PPP.World BankWed, 04 Jan 2012 19:02:00 GMThttp://www.tradingeconomics.com/portugal/population Historically, from 1960 until 2010, Portugal Population averaged 9.7400 Million reaching an all time high of 10.6300 Million in December of 2009 and a record low of 8.6300 Million in December of 1972. The total population in Portugal was last reported at 10.6 million people in 2010 from 8.9 million in 1960, changing 18 percent during the last 50 years. Portugal has 0.15 percent of the world´s total population which means that one person in every 653 people on the planet is a resident of Portugal. This page includes a chart with historical data for Portugal's Total Population. This page includes a chart with historical data for Portugal Population.World BankFri, 28 Oct 2011 13:56:00 GMThttp://www.tradingeconomics.com/portugal/interest-rateThe benchmark interest rate in Portugal was last reported at 1.00 percent. Historically, from 1998 until 2012, Portugal Interest Rate averaged 2.6900 Percent reaching an all time high of 4.7500 Percent in October of 2000 and a record low of 1.0000 Percent in September of 2010. Portugal is a member of the Euro Area, an economic and monetary union (EMU) of European Union (EU) member states that have adopted the euro. The Euro Area benchmark interest rate stands at 1.00 percent. in the Euro Area, interest rate decisions are taken by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability. The ECB’s Governing Council has defined price stability as "a year-on-year increase in the Harmonised Index of Consumer Prices (HICP) for The Euro Area of below 2%. The European Central Bank is the sole issuer of banknotes and bank reserves. That means it has the monopoly supplier of the monetary base. By virtue of this monopoly, it can set the conditions at which banks borrow from the Central Bank. Therefore it can also influence the conditions at which banks trade with each other in the money market. in the short run, a change in money market interest rates induced by the Central Bank sets in motion a number of mechanisms and actions by economic agents. Ultimately the change will influence developments in economic variables such as output or prices. This page includes: Portugal Interest Rate chart, historical data and news. This page includes a chart with historical data for Portugal Interest Rate.Fri, 28 Oct 2011 13:56:00 GMT