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Portugal GDP Growth Rate
Last Release
Mar 31, 2025
Actual
-0.5
Units In
%
Previous
1.5
Frequency
Quarterly
Next Release
Aug 29, 2025
Time to Release
2 Months 28 Days 6 Hours
Highest | Lowest | Average | Date Range | Source |
14.7 Sep 2020 | -15.2 Jun 2020 | 0.43 % | 1988-2025 | 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
The Portuguese economy contracted 0.5% on quarter in the first three months of 2025, the biggest decline in four years, following a 1.4% expansion in the previous period and in line with the first estimate. The contribution of net external demand turned negative, shifting to -0.7 percentage points from +0.7 percentage points. This change reflects a 0.4% decline in exports of goods and services and a 1% increase in imports. Meanwhile, the positive contribution from domestic demand decreased to 0.1 percentage points, down from 0.7 points in the previous quarter, driven by a 1.1% decline in private consumption. On the other hand, investment grew by 3.8%, driven by a positive contribution from inventories amid a stock replenishment effect linked to higher imports of goods. On a year-on-year basis, the Portuguese economy expanded by 1.6% in Q1 2025, slowing from a 2.8% increase in the fourth quarter of 2024, in line with initial estimates.
Portugal GDP Growth Rate History
Last 12 readings