GDP per capita in Portugal
Portugal - GDP per capita (U.S. Dollars)
Economic growth moderates in the third quarter
According to a preliminary estimate, GDP growth moderated to 2.8% on a seasonally-adjusted quarter-on-quarter basis in the third quarter, from 4.5% in Q2. On an annual basis, economic growth slowed markedly to 4.2% in Q3, down from the previous period's 16.2% expansion.
Although a detailed breakdown is not yet available, early data shows that domestic demand contributed positively to the print, despite losing some momentum. Meanwhile, the external sector rebounded from Q2, with tourism activity increasing throughout the quarter.
Going forward, the rejection of the 2022 draft budget in parliament, which has triggered snap elections on 30 January, means that the 2021 budget will be rolled over until a new bill is passed. Moreover, there is a risk that parliament will remain fractured after the election. This in turn threatens the outlook for 2022, as a significant portion of EU funds—which are key to investment—require the approval of a budget. More positively, a well vaccinated population should provide some protection against future Covid-19 outbreaks and restrictions, boding well for household spending.
FocusEconomics Consensus Forecast panelists see GDP climbing 4.3% in 2022, which is up 0.1 percentage points from last month’s forecast. In 2023, the economy is seen growing 5.0%.
Portugal - GDP per capita (USD) Data
|GDP per capita (USD)||19,376||20,027||21,447||23,329||-|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.45||-1.90 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
October 29, 2021
According to a preliminary estimate, GDP growth moderated to 2.8% on a seasonally-adjusted quarter-on-quarter basis in the third quarter, from 4.5% in Q2.
October 29, 2021
Industrial production dropped 5.4% year-on-year in seasonally-adjusted terms in September (August: -9.6% yoy s.a.).
October 28, 2021
Consumer confidence declined to minus 11.0 in October, following September’s minus 9.9.
September 30, 2021
Industrial output nosedived 9.0% year-on-year in seasonally-adjusted terms in August (July: +0.8% s.a.
Portugal: Consumer confidence hits highest reading since February 2020, economic sentiment ebbs in September
September 29, 2021
Consumer confidence ticked up to minus 9.9 in September, following August’s minus 11.9, which means consumers became less pessimistic.