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