The Portuguese economy advanced 1.8 percent year-on-year in the first quarter of 2019, up from 1.7 percent in the previous period, preliminary estimates showed. The positive contribution of domestic demand increased, reflecting a significant acceleration in investment; while net external demand contributed negatively to growth, with imports rising faster than exports. GDP Annual Growth Rate in Portugal averaged 1.33 percent from 1996 until 2019, reaching an all time high of 5 percent in the second quarter of 1998 and a record low of -4.50 percent in the fourth quarter of 2012.

GDP Annual Growth Rate in Portugal is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Portugal to stand at 1.80 in 12 months time. In the long-term, the Portugal GDP Annual Growth Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.

Portugal GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-30 11:00 AM GDP Growth Rate YoY Final 2.1% 2.4% 2.1% 2.1%
2019-02-14 09:30 AM GDP Growth Rate YoY Prel 1.7% 2.1% 1.7% 1.8%
2019-02-28 11:00 AM GDP Growth Rate YoY Final 1.7% 2.1% 1.7% 1.7%
2019-05-15 08:30 AM GDP Growth Rate YoY Prel 1.8% 1.7% 1.6%
2019-05-31 10:00 AM GDP Growth Rate YoY Final 1.7% 1.8% 1.8%
2019-08-14 08:30 AM GDP Growth Rate YoY Prel 1.6%
2019-08-30 10:00 AM GDP Growth Rate YoY Final 1.6%


Portugal GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.40 3.30 -2.60 percent [+]
GDP Annual Growth Rate 1.80 1.70 5.00 -4.50 percent [+]
GDP 217.57 205.18 262.01 3.19 USD Billion [+]
GDP Constant Prices 46454.50 46184.70 46454.50 33671.10 EUR Million [+]
Gross Fixed Capital Formation 8147.80 8198.40 11235.50 6328.80 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 832.70 835.70 916.10 782.30 EUR Million [+]
GDP From Construction 1667.60 1624.70 3452.00 1493.80 EUR Million [+]
GDP From Manufacturing 5666.00 5633.70 5729.40 4093.80 EUR Million [+]
GDP From Services 8673.50 8581.80 8673.50 5326.50 EUR Million [+]
GDP From Transport 3322.00 3331.80 3331.80 1865.10 EUR Million [+]
GDP From Utilities 1254.00 1231.60 1315.00 777.80 EUR Million [+]
Gross National Product 51423.00 51323.13 51423.00 28399.81 EUR Million [+]


Portugal GDP Annual 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.80 1.70 5.00 -4.50 1996 - 2019 percent Quarterly




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 2.30 Dec/18
South Korea 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
Euro Area 1.20 Mar/19
Mexico 1.20 Mar/19
Singapore 1.20 Mar/19
Brazil 1.10 Dec/18
France 1.10 Mar/19
South Africa 1.10 Dec/18
Japan 0.80 Mar/19
Germany 0.70 Mar/19
Russia 0.50 Mar/19
Italy 0.10 Mar/19
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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