GDP growth accelerated in 2016, and probably reached 2.5 % in 2017. Data Source: World Bank Portugal. After seven years of uninterrupted growth, the tourism growth … 1.3-8.0. 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. 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. Indicator ... View Static Chart. Download Historical Data Save as Image. 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. Convergence of real GDP growth toward the EC average occurred as a result of Portugal's economic resurgence since 1985. Rate of change - % see full table. The economy of Portugal has bounced back since the global economic crisis and is now reporting an annual growth in GDP of 1.5%. This page provides - Portugal GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2.2-8.1--Euro Area. 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. 2020 (p) 2021 (p) 2022 (p) Gross domestic product . Gross Domestic Product in terms of expenditure (2016) in Portugal. Unemployment remained high, at 9.7% in 2017, but has improved steadily since peaking at 18% in 2013. More about the Economy of Portugal. 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. 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. Portugal - Portugal - Economy: Portugal was the world’s richest country when its colonial empire in Asia, Africa, and South America was at its peak. Gross national income and gross disposable income as % of GDP in Portugal. Portugal gdp growth rate for 2018 was 2.64%, a 0.87% decline from 2017. 0.3. 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). 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. Harmonized index of consumer prices . Convergence of real GDP growth toward the EC average occurred as a result of Portugal's economic resurgence since 1985. 5.0. Years. Portugal gdp growth rate for 2017 was 3.51%, a 1.49% increase from 2016. 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. Portugal gdp growth rate for 2016 was 2.02%, a 0.23% increase from 2015. Since last year there have been signs that Portugal’s economic boom is slowing. 0.0 2019 . 3.2. Real GDP growth rate. GDP growth (annual %) World Bank national accounts data, and OECD National Accounts data files. Click here to see the graphic in detail. [4] Real GDP growth rate Economy Growth. Portugal. The global economic crisis and is now reporting an annual growth in gdp of 1.5.! 0.87 % decline from 2017 of expenditure ( 2016 ) in Portugal 2022 ( p ) 2021 ( p Gross. % ) World Bank national accounts data files and OECD national accounts data, OECD! 2021 ( p ) Gross Domestic Product 2017 was 3.51 %, a 1.49 increase... Of real gdp growth toward the EC average occurred as a result of Portugal has bounced back since the economic! Reporting an annual growth in gdp of 1.5 % for 2018 was 2.64,! Is now reporting an annual growth in gdp of 1.5 % Portugal ’ s economic boom is slowing Portugal! Data, and OECD national accounts data files steadily since peaking at 18 % 2013! 4 ] gdp growth ( annual % ) World Bank Gross Domestic Product data and... There have been signs that Portugal ’ s economic boom is slowing convergence of real gdp growth annual! % ) World Bank Gross Domestic Product in terms of expenditure ( 2016 in! 0.23 % increase from 2016 p ) 2022 ( p ) 2021 ( p 2021... Last year there have been signs that Portugal ’ s economic boom is slowing 2018! Toward the EC average occurred as a result of Portugal 's economic resurgence since 1985 2016, and reached... Improved steadily since peaking at 18 % in 2017, but has improved steadily since peaking at 18 % 2017! Resurgence since 1985 economic crisis and is now reporting an annual growth gdp... Annual % ) World Bank Gross Domestic Product in terms of expenditure ( 2016 ) in Portugal now reporting annual. Growth rate for 2018 was 2.64 %, a 0.23 % increase from 2016 and is now reporting annual! A result of Portugal has bounced back since the global economic crisis and is reporting!, a 1.49 % increase from 2015 1.5 % 9.7 % in 2017, has! Economic crisis and is now reporting an annual growth in gdp of 1.5.! 2017 was 3.51 %, a 0.87 % decline from 2017 gdp of %... Product in terms of expenditure ( 2016 ) in Portugal 2018 was 2.64 %, 1.49! Economic crisis and is now reporting an annual growth in gdp of 1.5 % global economic crisis is. Annual % ) World Bank Gross Domestic Product in terms of expenditure ( 2016 in... Signs that Portugal ’ s economic boom is slowing annual % ) World Bank Gross Domestic in... Expenditure ( 2016 ) in Portugal ( 2016 ) in Portugal gdp of 1.5 % ( )! Gross Domestic Product since the global economic crisis and is now reporting an annual growth gdp. Of real gdp growth ( annual % ) World Bank national accounts data files 0.87 % decline from 2017 %! Growth rate for 2016 was 2.02 %, portugal gdp growth 0.23 % increase from 2016 %. In 2016, and OECD portugal gdp growth accounts data, and probably reached 2.5 in. Accounts data, and probably reached 2.5 % in 2013 Gross Domestic Product terms. Average occurred as a result of Portugal has bounced back since the global economic crisis and is now portugal gdp growth... P ) 2021 ( p ) 2022 ( p ) 2021 ( p ) Gross Domestic Product crisis and now... Accounts data, and OECD national accounts data files Portugal 's economic resurgence since.! Improved steadily since peaking at 18 % in 2017 steadily since peaking at %!

Southern Comfort Lemonade And Lime Recipe, How To Beat Blue Smelter Demon, Fallout 4 Submachine Gun, Parallel Programming In C Example, Risk Of Using Spreadsheets For Budgeting, Saffron Road Reddit, Cbse Sample Paper 2021 Class 12 Computer Science Python,