Portugal GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

1.6

Units In

2.7

Frequency

Quarterly

Next Release

May 30, 2025

Time to Release

27 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
16.1 Jun 2021	-17.9 Jun 2020	1.47 %	1996-2025	Statistics Portugal

On the expenditure side, household consumption is the main component of GDP and accounts for 66 percent of its total use, followed by government expenditure (19 percent) and gross fixed capital formation (15 percent). Exports of goods and services account for 40 percent of GDP and imports account for 40 percent.

Latest Updates

Portugal's GDP rose by 1.6% year-on-year in Q1 2025, slowing from a 2.8% growth in the previous three-month period, according to preliminary estimates. The positive contribution of domestic demand to growth decreased in the first quarter due to a slowdown in private consumption. At the same time, the negative impact of net external demand became more pronounced, reflecting a deceleration in exports of goods and services. On a quarterly basis, the economy contracted by 0.5% in Q1, after a downwardly revised 1.4% rise in the previous period, contrary to analyst expectations of 0.4% growth.