Exports in Portugal

Portugal Exports | Economic News & Forecasts

Portugal - Exports

The economy gained steam in Q1, growing at a faster pace in sequential terms than in Q4. An acceleration in household spending was behind the rosier print. Moving to Q2, spiking energy prices led the government to adopt a non-refundable subsidy for companies with significant gas needs which will cover 30% of the increase in their bills. Moreover, the European Commission recently greenlighted a cap on natural gas prices which should reduce energy bills for consumers and firms but will also feed into regulatory uncertainty and distort markets. A cut to the fuel tax in April should further support activity but will widen the fiscal deficit. In politics, on 31 March the new government headed by Prime Minister Antonio Costa was sworn into office. The government submitted its revised budget in April, which includes more than EUR 1.2 billion in tax cuts and subsidies for households and firms.

Portugal - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)55.1  55.3  62.0  68.4  67.1  

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Portugal Exports Chart

Portugal Exports
Note: Exports in USD billion
Source: Bank of Portugal (BP).

Portugal Facts

Value Change Date
Bond Yield0.45-1.90 %Jan 01
Exchange Rate1.120.65 %Dec 31

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