The Portuguese economy advanced by 0.3 percent on quarter in the three months to September of 2018, following an upwardly revised 0.6 percent expansion in the previous period, a preliminary estimate showed. It was the lowest growth rate since the second quarter of 2016. GDP Growth Rate in Portugal averaged 0.40 percent from 1988 until 2018, 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.

Portugal GDP Growth Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Portugal GDP Growth Lowest in Over 2 Years


The Portuguese economy advanced by 0.3 percent on quarter in the three months to September of 2018, following an upwardly revised 0.6 percent expansion in the previous period, a preliminary estimate showed. It was the lowest growth rate since the second quarter of 2016.

Growth was mainly driven by domestic demand, namely private consumption and investment. On the other hand, net trade contributed negatively to growth, after being null in the previous quarter.

Year-on-year, the economy advanced 2.1 percent in the third quarter, following an upwardly revised 2.4 percent expansion in the previous period. It was the lowest expansion rate since the three months to June of 2016. Domestic demand increased at a softer pace, due to a slowdown in private consumption while investment rose faster; and net trade contributed negatively to growth – similar to that observed in the previous two quarters.

In 2017, Portugal’s economy grew by an upwardly revised 2.8 percent.


INE | Agna Gabriel | agna.gabriel@tradingeconomics.com
11/14/2018 12:49:12 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-08-14 08:30 AM GDP Growth Rate QoQ Prel 0.5% 0.4% 0.3%
2018-08-31 10:00 AM GDP Growth Rate QoQ Final 0.5% 0.4% 0.5% 0.5%
2018-11-14 09:30 AM GDP Growth Rate QoQ Prel 0.3% 0.6% 0.6%
2018-11-30 11:00 AM GDP Growth Rate QoQ Final 0.5%


Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.60 3.30 -2.60 percent [+]
GDP Annual Growth Rate 2.10 2.40 5.00 -4.50 percent [+]
GDP 217.57 205.18 262.01 3.19 USD Billion [+]
GDP Constant Prices 46008.20 45639.30 46008.20 33671.10 EUR Million [+]
Gross Fixed Capital Formation 8050.90 7927.00 11235.50 6329.20 EUR Million [+]
GDP per capita 23116.58 22444.07 23116.58 4506.05 USD [+]
GDP per capita PPP 27936.90 27124.16 27936.90 20166.93 USD [+]
GDP From Agriculture 816.80 824.00 916.10 775.40 EUR Million [+]
GDP From Construction 1629.70 1637.00 3452.00 1472.40 EUR Million [+]
GDP From Manufacturing 5525.80 5568.30 5637.60 4093.80 EUR Million [+]
GDP From Services 8763.20 8650.40 8763.20 5326.50 EUR Million [+]
GDP From Transport 3172.40 3048.40 3261.20 1865.10 EUR Million [+]
GDP From Utilities 1178.80 1214.00 1315.00 777.80 EUR Million [+]
Gross National Product 50587.13 47369.40 50587.13 28399.81 EUR Million [+]


Portugal GDP Growth Rate

On the expenditure side, household consumption is the main component of GDP and accounts for 66 percent of its total use, followed by government expenditure (19 percent) and gross fixed capital formation (15 percent). Exports of goods and services account for 40 percent of GDP and imports account for 40 percent. This page provides - Portugal GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.60 3.30 -2.60 1988 - 2018 percent Quarterly




Country Last
Singapore 4.70 Sep/18
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Mexico 0.90 Sep/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Canada 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
France 0.40 Sep/18
Brazil 0.20 Jun/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Italy 0.00 Sep/18
Saudi Arabia -0.05 Mar/18
Germany -0.20 Sep/18
Japan -0.30 Sep/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


Related

Latest