Money in Portugal

Portugal Money | Economic News & Forecasts

Portugal - Money

The economy suffered its worst contraction in Q1 since records began in 1995, pummeled by the plunge in both domestic and external demand amid the widespread measures implemented to corral the spread of Covid-19. Although investment activity surprisingly rebounded after three consecutive quarters of decline, private consumption sank at an unprecedented rate. This, coupled with exports crumbling at the sharpest pace since the 2009 global financial crisis, took a drastic toll on activity. Turning to Q2, prospects are even more dire. In April, retail sales crashed at an unparalleled rate amid stay-at-home orders, while the key tourism sector was decimated as foreign travel came to a standstill. And although consumer sentiment improved in May, it remained well entrenched in pessimistic territory. More positively, the final stage of the economy’s reopening began on 1 June but with capacity limitations still in place.

Portugal - Money Data

2015   2016   2017   2018   2019  
Money (annual variation in %)4.4  8.9  8.0  8.1  6.5  

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Portugal Facts

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

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