Portugal GDP

Portugal

Portugal: GDP growth moderates slightly in Q1 2015

May 13, 2015

In Q1 2015, GDP expanded 0.4% over the previous quarter according to a flash estimate released by Statistics Portugal on 13 May. The result came in slightly below the 0.5% increase tallied in Q4 2014 and marked the fourth consecutive quarter of growth.

On an annual basis, GDP expanded 1.4% in Q1 2015, which was above the 0.7% expansion observed in Q4 2014 and marked the highest reading in over four years. More detailed data are scheduled to be released on 29 May.

The Bank of Portugal expects the economy to expand 1.6% in 2015 and 2.0% in 2016. FocusEconomics Consensus Forecast panelists expect that GDP will expand 1.6% in 2015, which is unchanged from last month’s projection. For 2016, the panel expects economic growth to accelerate to 1.7%.


Author:, Economist

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Portugal GDP Chart


Portugal GDP Q1 2015

Note: Year-on-year and annual average variation in %.
Source: Statistics Portugal (INE) and FocusEconomics calculations.


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