GDP in Portugal

Portugal - GDP
Activity gains traction in Q1
According to a preliminary estimate, GDP growth improved to 2.6% on a seasonally-adjusted quarter-on-quarter basis in the first quarter, from 1.7% in the fourth quarter of last year.
Private consumption sped up to 2.2%, which marked the best reading since Q2 2021 (Q4 2021: +1.1% s.a. qoq). Public consumption bounced back, growing 1.1% in Q1 (Q4 2021: -0.7% s.a. qoq). Meanwhile, fixed investment growth waned to 3.3% in Q1, from the 4.4% recorded in the prior quarter.
Exports of goods and services growth fell to 1.7% in Q1, marking the worst result since Q2 2021 (Q4 2021: +9.1% s.a. qoq). In addition, imports of goods and services growth moderated to 0.7% in Q1 (Q4 2021: +7.7% s.a. qoq), marking the worst reading since Q2 2021.
On an annual basis, economic growth improved to 11.9% in Q1, from the previous quarter's 5.9% increase. Q1's reading marked the best result since Q2 2021.
FocusEconomics Consensus Forecast panelists see GDP climbing 5.0% in 2022, which is up 0.1 percentage points from last month’s forecast. In 2023, the economy is seen growing 2.5%.
Portugal - GDP Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Economic Growth (GDP, annual variation in %) | 1.8 | 2.0 | 3.5 | 2.6 | 2.2 |
Portugal GDP Chart

Source: Statistics Portugal (INE).
Portugal Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 0.45 | -1.90 % | Jan 01 |
Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Portugal: Industrial output dips in April
June 3, 2022
Industrial output dropped 1.8% year-on-year in seasonally-adjusted terms in April, which contrasted March's 0.7% increase.
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Portugal: Activity gains traction in Q1
June 3, 2022
According to a preliminary estimate, GDP growth improved to 2.6% on a seasonally-adjusted quarter-on-quarter basis in the first quarter, from 1.7% in the fourth quarter of last year.
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Portugal: Consumer sentiment improves but economic climate weakens marginally in May
June 1, 2022
Consumer confidence improved to minus 30.1 in May, up from minus 32.9 in April.
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Portugal: Industrial output rebounds in March
May 5, 2022
Industrial output increased 0.5% year-on-year in seasonally-adjusted terms in March (February: -4.1% s.a.
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Portugal: GDP growth accelerates in the first quarter of this year
May 2, 2022
According to a preliminary estimate, GDP growth accelerated to 2.6% on a seasonally-adjusted quarter-on-quarter basis in the first quarter of this year, from 1.7% in the last quarter of 2021.