Portugal’s GDP contracted 0.2 percent on quarter in the three months to the end of June 2022, following a revised 2.5 percent expansion in the previous quarter, a preliminary estimate showed. Domestic demand was the main drag for growth, while the contribution of net external demand remained positive amid higher exports. The economy advanced 6.9 percent year on year, following a revised 11.8 percent expansion in the first quarter of 2021. source: Statistics Portugal
GDP Growth Rate in Portugal averaged 0.43 percent from 1988 until 2022, reaching an all time high of 14.70 percent in the third quarter of 2020 and a record low of -15.20 percent in the second quarter of 2020. This page provides - Portugal GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
GDP Growth Rate in Portugal is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal GDP Growth Rate is projected to trend around 0.60 percent in 2023 and 0.50 percent in 2024, according to our econometric models.