The Portuguese economy advanced 2.1 percent year-on-year in the third quarter, following an upwardly revised 2.4 percent expansion in the previous period. It was the lowest growth 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. GDP Annual Growth Rate in Portugal averaged 1.30 percent from 1996 until 2018, 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.

Portugal GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-14 08:30 AM GDP Growth Rate YoY Prel 2.3% 2.1% 2%
2018-08-31 10:00 AM GDP Growth Rate YoY Final 2.3% 2.1% 2.3% 2.3%
2018-11-14 09:30 AM GDP Growth Rate YoY Prel 2.1% 2.4% 2.4%
2018-11-30 11:00 AM GDP Growth Rate YoY Final 2.3%


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 45639.30 45414.90 45757.80 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 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.40 5.00 -4.50 1996 - 2018 percent Quarterly




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