Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1.12 1.12 1.11 1.1 1.1 1.09
Stock Market (points) 5118.04 5334 5279 5224 5170 5063
Government Bond 10Y (%) 1.13 1.14 1.17 1.21 1.24 1.31
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.50 0.5 0.4 0.5 0.4 0.4
GDP Annual Growth Rate (%) 1.80 1.6 1.8 1.8 1.8 1.8
Unemployment Rate (%) 6.80 6.4 5.6 6.5 6.8 6
Inflation Rate (%) 0.80 1 1 1.2 1.5 1.7
Inflation Rate Mom (%) 0.60 -0.2 0.6 0.5 0.6 0.4
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Balance of Trade (EUR Million) -1894.96 -940 -1180 -1400 -880 -1460
Current Account (EUR Million) -667.44 51 551 -110 -100 -90
Current Account to GDP (%) -0.60 -0.2 -0.2 -0.2 -0.4 -0.4
Government Debt to GDP (%) 121.50 119 119 119 117 117
Government Budget (% of GDP) -0.50 -0.4 -0.4 -0.4 -0.1 -0.1
Business Confidence (Index Points) 2.30 2.2 2.5 1.5 1.4 1.1
Consumer Confidence (Index Points) -9.30 -16.2 -10 -7 -8 -6
Retail Sales MoM (%) 1.20 -0.7 -1.6 0.8 1 -1.2
Corporate Tax Rate (%) 21.00 21 21 21 21 21
Personal Income Tax Rate (%) 48.00 48 48 48 48 48
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.50 0.5 0.4 0.5 0.4 0.4
GDP Annual Growth Rate (%) 1.80 1.6 1.8 1.8 1.8 1.8
GDP (USD Billion) 217.57 232 232 232 240 240
GDP Constant Prices (EUR Million) 46454.50 46147 46294 47016 47016 47862
Gross Fixed Capital Formation (EUR Million) 8147.80 8177 8248 8294 8294 8444
GDP per capita (USD) 23116.58 24500 24500 24500 25100 25100
GDP per capita PPP (USD) 27936.90 29100 29100 29100 29600 29600
GDP From Agriculture (EUR Million) 832.70 846 841 848 848 863
GDP From Construction (EUR Million) 1667.60 1673 1634 1698 1698 1728
GDP From Manufacturing (EUR Million) 5666.00 5619 5668 5768 5768 5872
GDP From Services (EUR Million) 8673.50 8638 8633 8830 8830 8989
GDP From Transport (EUR Million) 3322.00 3305 3352 3382 3382 3443
GDP From Utilities (EUR Million) 1254.00 1213 1239 1277 1277 1300
Gross National Product (EUR Million) 51423.00 50857 51631 52349 52349 53291
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 6.80 6.4 5.6 6.5 6.8 6
Unemployed Persons (Thousand ) 343.80 312 306 295 291 275
Employment Rate (%) 55.10 55.6 55.8 55.4 55.2 55.7
Labor Force Participation Rate (%) 59.10 59.1 59.5 59.2 59.1 59.4
Long Term Unemployment Rate (%) 2.70 2.7 2.5 2.5 2.4 2.2
Youth Unemployment Rate (%) 16.50 16.5 16 15.4 15 14.2
Labour Costs (Index Points) 112.00 106 98.92 115 115 117
Wages (EUR/Month) 1166.86 1179 1177 1179 1181 1205
Wage Growth (%) 2.90 2.5 2.3 2.5 2.6 2.2
Wages in Manufacturing (Index Points) 108.06 122 106 150 107 154
Minimum Wages (EUR/Month) 700.00 700 700 700 725 725
Population (Million) 10.29 10.28 10.28 10.27 10.25 10.25
Retirement Age Women 66.42 66.42 66.42 66.42 66.42 66.42
Retirement Age Men 66.42 66.42 66.42 66.42 66.42 66.42
Wages High Skilled (EUR/Month) 1430.00 1374 1371 1466 1467 1498
Unemployment Change -8926.00 -20500 -6600 -3400 -7800 -2600
Wages Low Skilled (EUR/Month) 659.00 642 640 675 676 690
Living Wage Family (EUR/Month) 990.00 984 982 1015 1016 1037
Living Wage Individual (EUR/Month) 670.00 666 665 687 687 702
Employment Change (%) 0.50 0.5 0.5 0.6 0.4 0.5
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 0.80 1 1 1.2 1.5 1.7
Inflation Rate Mom (%) 0.60 -0.2 0.6 0.5 0.6 0.4
Consumer Price Index CPI (Index Points) 104.60 105 106 105 106 107
Core Consumer Prices (Index Points) 104.89 106 106 106 104 107
Core Inflation Rate (%) 0.82 1.5 1.6 1.6 1.7 1.8
Producer Prices (Index Points) 103.00 106 107 105 105 107
Producer Prices Change (%) 1.50 1.9 2.1 1.8 2 1.9
CPI Housing Utilities (Index Points) 108.40 109 109 110 110 112
CPI Transportation (Index Points) 102.80 102 103 102 103 104
Food Inflation (%) -0.17 0.8 0.8 1 1.2 1.5
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Interbank Rate (%) -0.33 -0.31 -0.31 -0.31 -0.06 -0.06
Money Supply M2 (EUR Million) 225412.00 261200 268800 274100 274100 293300
Banks Balance Sheet (EUR Million) 364440.00 408100 411200 415200 415200 429200
Loans to Private Sector (EUR Million) 69293.00 88440 89950 91111 91111 98200
Private Debt to GDP (%) 257.50 248 248 248 244 244
Loan Growth (%) -0.10 0.7 0.7 1 1.5 1.7
Central Bank Balance Sheet (EUR Million) 111532.00 125200 128500 132600 132600 151250
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (EUR Million) -1894.96 -940 -1180 -1400 -880 -1460
Current Account (EUR Million) -667.44 51 551 -110 -100 -90
Current Account to GDP (%) -0.60 -0.2 -0.2 -0.2 -0.4 -0.4
Imports (EUR Million) 7031.44 6190 6250 5910 6420 6110
Exports (EUR Million) 5136.49 5250 5070 4510 5540 4650
External Debt (EUR Million) 412765.99 415900 416800 418300 419100 423300
Foreign Direct Investment (EUR Million) 90.43 450 360 250 380 120
Tourism Revenues (EUR Million) 830.17 1410 1950 1250 1200 1400
Gold Reserves (Tonnes) 382.50 383 383 383 383 383
Tourist Arrivals 1779897.00 4722000 4750000 1853000 3120000 2153000
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 121.50 119 119 119 117 117
Government Budget (% of GDP) -0.50 -0.4 -0.4 -0.4 -0.1 -0.1
Government Spending (EUR Million) 8540.40 8560 8564 8694 8694 8851
Government Spending to GDP (%) 44.00 44.2 44.2 44.2 44 44
Government Debt (EUR Million) 244906.00 259100 261900 264000 267000 271000
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 21.00 21 21 21 21 21
Personal Income Tax Rate (%) 48.00 48 48 48 48 48
Sales Tax Rate (%) 23.00 23 23 23 23 23
Social Security Rate (%) 34.75 34.75 34.75 34.75 34.75 34.75
Social Security Rate For Companies (%) 23.75 23.75 23.75 23.75 23.75 23.75
Social Security Rate For Employees (%) 11.00 11 11 11 11 11
Business Actual Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 2.30 2.2 2.5 1.5 1.4 1.1
Industrial Production (%) -7.60 -2.2 0.5 1.5 2 1.8
Industrial Production Mom (%) -1.30 -0.2 -2.6 0.3 2.7 0.5
Manufacturing Production (%) -1.90 -1.2 0.9 1.7 2.2 2
Changes in Inventories (EUR Million) 342.87 150 45 75 55 88
Car Registrations 24900.00 25150 16200 19580 29400 22420
Leading Economic Index (%) 2.30 1.8 1.9 2.2 2.1 2.4
Mining Production (%) 9.20 5.1 2.2 1.8 1.5 2
Car Production (Units) 26000.00 23400 25900 19500 24100 21200
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) -9.30 -16.2 -10 -7 -8 -6
Retail Sales MoM (%) 1.20 -0.7 -1.6 0.8 1 -1.2
Retail Sales YoY (%) 4.20 3 2.8 2.6 2.5 2.2
Consumer Spending (EUR Million) 29848.90 29426 29657 30386 30386 30933
Consumer Credit (EUR Million) 115146.00 115592 115979 117390 117219 119503
Personal Spending (%) 1.50 1.7 1.8 2 2.1 2
Bank Lending Rate (%) 2.67 2.76 2.76 2.76 3.01 3.01
Disposable Personal Income (EUR Million) 41778.90 41140 40968 42531 42531 43296
Gasoline Prices (USD/Liter) 1.73 1.63 1.58 1.55 1.51 1.51
Households Debt To GDP (% of GDP) 67.20 61.1 61.1 61.1 57.8 57.8
Households Debt To Income (%) 98.26 95.1 95.1 95.1 91.9 91.9
Housing Actual Q2 Q3 Q4 Q1 2020
Construction Output (%) 4.10 3 2.6 2.2 2 2
Housing Index (Index points) 132.34 140 142 144 145 149
Building Permits 2038.00 1720 1970 1450 1720 1620
Home Ownership Rate (%) 74.70 74 74 74 73.8 73.8


This page has economic forecasts for Portugal including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Portugal economy.