Unemployment in Portugal
Portugal - Unemployment
Economic growth halved in the third quarter from the second quarter’s export-driven expansion, owing to a weaker showing from the external sector overriding stronger domestic demand. In particular, exports contracted, likely due to the Eurozone’s broad-based slowdown. Going into the fourth quarter, the picture remains downbeat as the number of tourists from overseas slipped towards the end of the January–October period, marking the first cumulative drop following years of record growth. This likely overrode gains made in private spending in October, boosted by lower inflationary and brighter consumer confidence. On 29 November, parliament passed the 2019 budget that aims to slash the deficit to a record-low of 0.2% of GDP. Moreover, Prime Minister Antonio Costa announced that the government’s fiscal consolidation drive will enable early repayment of the outstanding bailout funds lent by the IMF by year-end.Portugal - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 16.5 | 14.1 | 12.7 | 11.2 | 9.0 |
Portugal Unemployment Chart
Source: Statistics Portugal (INE).
Portugal Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.69 | -1.90 % | Jan 14 |
| Exchange Rate | 1.15 | 0.65 % | Jan 14 |
| Stock Market | 4,951 | -0.02 % | Jan 14 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free 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.
Economic News
Portugal: Industrial sector contracts at same pace in October as the previous month
November 30, 2018
Portugal’s industrial sector contracted for the sixth consecutive month in October, with output declining 0.3% year-on-year, matching revised September’s reading (previously reported: -0.1% year-on-year).
Portugal: Economic growth loses steam in the third quarter
November 30, 2018
Detailed national accounts data, released by the Statistical Institute on 30 November, confirmed that the economy decelerated in the third quarter due to a contraction in exports amid a wider cooling in the Eurozone.
Portugal: Consumer confidence tumbles to 21-month low and economic sentiment dips in November
November 29, 2018
According to the National Statistics Institute’s (INE) survey of consumer sentiment released on 29 November, consumer confidence deteriorated markedly in November, tumbling to minus 3.4 points from minus 0.4 points in October.
Portugal: Economy loses traction in Q3
November 14, 2018
According to a flash GDP estimate released by the National Statistical Institute (INE) on 14 November, the economy lost pace in the third quarter, with economic growth in quarter-on-quarter, seasonally-adjusted terms weakening to 0.3% from an 0.6% expansion in the second quarter.
Portugal: Contraction in industrial production eases markedly in September
October 30, 2018
The performance of the industrial sector improved year-on-year in September, following a notable contraction in August.
© Copyright: 2019 | Portugal Unemployment | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
