Statistics Portugal

11/14/2019 | Press release | Distributed by Public on 11/14/2019 17:23

GDP grew 1.9% year-on-year

Summary

The Portuguese Gross Domestic Product (GDP) increased by 1.9% in volume in the third quarter of 2019 (same rate as in the previous quarter). The positive contribution of domestic demand to the year-on-year GDP rate of change remained unchanged in the third quarter, as private consumption accelerated, while Investment increased at a slower pace. The contribution of net external demand remained negative, with both Imports and Exports of Goods and Services accelerating.
When compared with the second quarter of 2019, GDP increased by 0.3% in real terms (0.6% in the previous quarter), reflecting the positive contribution of domestic demand to the quarter-on-quarter GDP rate of change, higher than in the second quarter, and the more negative contribution of net external demand.