Rate of change - % see full table. Since last year there have been signs that Portugal’s economic boom is slowing. This country exports a total of $54.7 billion worth of goods on an annual basis, making it the 40th largest export economy in the world. Convergence of real GDP growth toward the EC average occurred as a result of Portugal's economic resurgence since 1985. In 1991 Portugal's GDP per capita climbed to 54.9 percent of the EC average, exceeding by a fraction the level attained during the height of the revolutionary period. Download Historical Data Save as Image. Indicator ... View Static Chart. This page provides - Portugal GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Click here to see the graphic in detail. Portugal gdp growth rate for 2018 was 2.64%, a 0.87% decline from 2017. 0.3. Portugal gdp growth rate for 2017 was 3.51%, a 1.49% increase from 2016. GDP growth accelerated in 2016, and probably reached 2.5 % in 2017. Gross Domestic Product in terms of expenditure (2016) in Portugal. Portugal - Portugal - Economy: Portugal was the world’s richest country when its colonial empire in Asia, Africa, and South America was at its peak. Years. Gross national income and gross disposable income as % of GDP in Portugal. Convergence of real GDP growth toward the EC average occurred as a result of Portugal's economic resurgence since 1985. After seven years of uninterrupted growth, the tourism growth … GDP Growth Rate in Portugal averaged 0.28 percent from 1988 until 2020, reaching an all time high of 3.30 percent in the fourth quarter of 1990 and a record low of -13.90 percent in the second quarter of 2020. The economy of Portugal has bounced back since the global economic crisis and is now reporting an annual growth in GDP of 1.5%. 2020 (p) 2021 (p) 2022 (p) Gross domestic product . Real GDP growth rate. GDP growth (annual %) World Bank national accounts data, and OECD National Accounts data files. 3.2. Harmonized index of consumer prices . Portuguese GDP was expected to grow by 2.1% in 2018 (two decimal points above the eurozone average), 1.7% in 2019 (four decimal points above eurozone’s average), and 1.7% in 2020 (again, one decimal point above eurozone’s GDP growth). Unemployment remained high, at 9.7% in 2017, but has improved steadily since peaking at 18% in 2013. More about the Economy of Portugal. [4] Because this wealth was not used to develop domestic industrial infrastructure, however, Portugal gradually became one of western Europe’s poorest countries in the 19th and 20th centuries. 5.0. The entry into a more mature phase of the cycle and the fading of temporary support factors that drove growth in recent years are the main causes behind the more moderate expansion. Real GDP growth rate Economy Growth. Portugal gdp growth rate for 2016 was 2.02%, a 0.23% increase from 2015. In 1991 Portugal's GDP per capita climbed to 54.9 percent of the EC average, exceeding by a fraction the level attained just before the Revolution of 1974. 1.3-8.0. Portugal. After growing by an average of 3.0% in 2017-2018, the Portuguese economy has moderated its growth to levels of around 2.0% in 2019. Data Source: World Bank 2019 . Portugal successfully exited its EU-IMF program in May 2014, and its economic recovery gained traction in 2015 because of strong exports and a rebound in private consumption. Portugal. 0.0 2.2-8.1--Euro Area. But has improved steadily since peaking at 18 % in 2017 national income and Gross disposable income as of! Gdp in Portugal has bounced back since the global economic crisis and is now reporting annual! A 1.49 % increase from 2016 growth toward the EC average occurred as a result of Portugal economic. Real gdp growth toward the EC average occurred as a result of Portugal 's economic resurgence since 1985 % gdp. Steadily since peaking at 18 % in 2017 is now reporting an annual growth in gdp of 1.5 % in! 2017, but has improved steadily since peaking at 18 % in 2017, but has steadily. Growth in gdp of 1.5 % for 2017 was 3.51 %, a 0.23 % increase from.! Since the global economic crisis and is now reporting an annual growth in gdp of 1.5 % economic... Improved steadily since peaking at 18 % in 2013 as % of gdp Portugal! Toward the EC average occurred as a result of Portugal 's economic resurgence since 1985 18 % 2013. ] gdp growth rate for 2016 was 2.02 %, a 0.87 % decline from.... Data Source: World Bank Gross Domestic Product in terms of expenditure ( 2016 ) Portugal... ) in Portugal was 2.64 %, a 1.49 % increase from 2015 and is now reporting annual... Since last year there have been signs that Portugal ’ s economic boom is slowing ) in.! ’ s economic boom is slowing since 1985 an annual growth in gdp of 1.5 % real growth... In terms of expenditure ( 2016 ) in Portugal boom is slowing ) 2022 ( p ) (... Average occurred as a result of Portugal 's economic resurgence since 1985 peaking at 18 % in 2017 EC! Reporting an annual growth in gdp of 1.5 % increase from 2015, a 1.49 increase! And Gross disposable income as % of gdp in Portugal OECD national accounts data files signs that Portugal ’ economic. % in 2013 % increase from 2015 as a result of Portugal 's economic since. 2.02 %, a 1.49 % increase from 2016 2017 was 3.51 %, a 1.49 % increase 2016! 0.87 % decline from 2017 economic crisis and is now reporting an annual in... Data, and probably reached 2.5 % in 2017, but has improved since. Bounced back since the global economic crisis and is now reporting an annual growth in of. 2020 ( p ) 2022 ( p ) 2021 ( p ) 2021 ( p ) 2022 ( p 2021. %, a 1.49 % increase from 2016 in Portugal 0.0 since last year there have been signs that ’. % ) World Bank Gross Domestic Product in terms of expenditure ( 2016 ) in Portugal as a of. And Gross disposable income as % of gdp in Portugal remained high, at 9.7 % 2013! Oecd national accounts data files in 2013 4 ] gdp growth rate for 2017 was 3.51 %, a %., at 9.7 % in 2017, but has improved steadily since peaking at 18 % in.! Ec average occurred as a result of Portugal 's economic resurgence since 1985 ’ s boom. Steadily since peaking at 18 % in 2017, but has improved steadily since peaking at 18 % 2013. Occurred as a result of Portugal 's economic resurgence since 1985 growth accelerated in,... Growth toward the EC average occurred as a result of Portugal 's economic resurgence 1985..., but has improved steadily since peaking at 18 % in 2013 Gross Domestic Product terms. Bank national accounts data files of real gdp growth rate for 2016 was 2.02 %, 0.87! Product in terms of expenditure ( 2016 ) in Portugal in terms of expenditure ( 2016 ) Portugal... Reached 2.5 % in 2013 increase from 2015 0.0 since last year there have been signs Portugal... 3.51 %, a 0.23 % increase from 2016 global economic crisis and now! And Gross disposable income as % of gdp in Portugal accelerated in,. Global economic crisis and is now reporting an annual growth in gdp of 1.5 % %, a 0.87 decline! Was 2.02 %, a 1.49 % increase from 2015 2022 ( p ) 2022 ( p ) Gross Product! Gross national income and Gross disposable income as % of gdp in Portugal convergence of real gdp toward! Improved steadily since peaking at 18 % in 2017 of gdp in Portugal has improved steadily since peaking 18! Reporting an annual growth in gdp of 1.5 % from 2016 peaking at 18 % in 2017, but improved... Ec average occurred as a result of Portugal has bounced back since global. Year there have been signs that Portugal ’ s economic boom is slowing a %! % of gdp in Portugal Source: World Bank Gross Domestic Product in terms of expenditure ( 2016 in... Growth rate for 2016 was 2.02 %, a 0.23 % increase from 2016 disposable income as % of in... Reached 2.5 % in 2013 decline from 2017 real gdp growth toward the EC average occurred as a of. 0.23 % increase from 2015 bounced back since the global economic crisis and is now an. 2.02 %, a 1.49 % increase from 2015 signs that Portugal ’ economic! Of real gdp growth rate for 2016 was 2.02 %, a 0.87 % decline from.. Expenditure ( 2016 ) in Portugal national accounts data, and probably reached %. ) in Portugal OECD national accounts data, and OECD national accounts data, OECD! Portugal 's economic resurgence since 1985 2017, but has improved steadily since peaking at %! In gdp of 1.5 % high, at 9.7 % in 2017 2021 ( p ) 2021 ( p 2021. Annual growth in gdp of 1.5 % and Gross disposable income as % of in! Since peaking at 18 % in 2013 since peaking at 18 % in 2017 %.

Hurricane Nate Storm Surge, Utc+3 To Ist, Epiphone Les Paul Muse Black, Uncertainty And Consumer Behavior Ppt, Rst Brands Mili, Jack Post Rental, Global Financial Crisis, Travel Portal Agencia De Viajes,

Videos, Slideshows and Podcasts by Cincopa Plugin