Portugal's quarterly economic growth was confirmed at 0.3 percent in the third quarter of 2019, below 0.6 percent in the previous three-month period. Household consumption grew firmly while fixed investment contracted by the most in four years and net external demand contributed negatively to GDP growth.
GDP Growth Rate in Portugal averaged 0.42 percent from 1988 until 2019, 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. This page provides - Portugal GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
GDP Growth Rate in Portugal is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Portugal to stand at 0.50 in 12 months time. In the long-term, the Portugal GDP Growth Rate is projected to trend around 0.40 percent in 2020, according to our econometric models.