The Gross Domestic Product (GDP) in Portugal contracted 0.50 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Portugal GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Portugal expanded 1.60 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Portugal GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the growth of the real gross domestic product (GDP) in Portugal amounted to approximately 1.93 percent. Between 1980 and 2024, the figure dropped by around 4.80 percentage points, though the decline followed an uneven course rather than a steady trajectory. The growth is forecast to decline by about 0.28 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

Full Year GDP Growth in Portugal decreased to 1.90 percent in 2024 from 2.50 percent in 2023. This dataset includes a chart with historical data for Portugal Full Year GDP Growth.

The gross domestic product (GDP) in current prices in Portugal amounted to about 308.59 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 275.98 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 79.57 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

Portugal: Economic growth: the rate of change of real GDP: The latest value from 2024 is 1.93 percent, a decline from 2.61 percent in 2023. In comparison, the world average is 3.20 percent, based on data from 177 countries. Historically, the average for Portugal from 1961 to 2024 is 3.07 percent. The minimum value, -8.2 percent, was reached in 2020 while the maximum of 11.2 percent was recorded in 1973.

Portugal PT: GDP: Growth:(GDP) Gross Domestic Productper Capita data was reported at 2.996 % in 2017. This records an increase from the previous number of 1.940 % for 2016. Portugal PT: GDP: Growth:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 3.041 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 13.615 % in 1970 and a record low of -7.915 % in 1975. Portugal PT: GDP: Growth:(GDP) Gross Domestic Productper Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Portugal – Table PT.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Economic growth, quarterly in Portugal, March, 2025 The most recent value is -0.5 percent as of Q1 2025, a decline compared to the previous value of 1.4 percent. Historically, the average for Portugal from Q2 1995 to Q1 2025 is 0.4 percent. The minimum of -15 percent was recorded in Q2 2020, while the maximum of 14.4 percent was reached in Q3 2020. | TheGlobalEconomy.com

Key information about Portugal Real GDP Growth

• The Gross Domestic Product (GDP) in Portugal expanded 1.8 % YoY in Jun 2019, following a growth of 1.8 % in the previous quarter.
• Real GDP Growth YoY data in Portugal is updated quarterly, available from Mar 1996 to Jun 2019, with an average rate of 1.8 %.
• The data reached an all-time high of 5.0 % in Jun 1998 and a record low of -4.5 % in Dec 2012.

• In the latest reports, Nominal GDP of Portugal reached 63.1 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 7.4 % in Dec 2022.
• GDP Per Capita in Portugal reached 27,832.7 USD in Dec 2023.
• Its Gross Savings Rate was measured at 26.9 % in Sep 2024.
• For Nominal GDP contributions, Investment accounted for 21.8 % in Sep 2024.
• Public Consumption accounted for 16.1 % in Mar 2023.
• Private Consumption accounted for 57.7 % in Sep 2024.

Historical chart and dataset showing Portugal economic growth by year from 1960 to 2018.

Portugal PT: GDP: Growth: Gross Value Added: Industry data was reported at 3.452 % in 2017. This records an increase from the previous number of 0.583 % for 2016. Portugal PT: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 0.683 % from Dec 1996 (Median) to 2017, with 22 observations. The data reached an all-time high of 7.492 % in 1996 and a record low of -8.891 % in 2009. Portugal PT: GDP: Growth: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Portugal – Table PT.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

The latest data from show economic growth of 1.6 percent, which is a decrease from the rate of growth of 2.8 percent in the previous quarter and
an increase compared to the growth rate of 1.4 percent in the same quarter last year. The economic growth time series for Portugal cover the period...

The Gross Domestic Product (GDP) in Portugal was worth 308.68 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Portugal represents 0.29 percent of the world economy. This dataset provides the latest reported value for - Portugal GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Portugal PT: GDP: Growth data was reported at 2.680 % in 2017. This records an increase from the previous number of 1.619 % for 2016. Portugal PT: GDP: Growth data is updated yearly, averaging 2.816 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 12.613 % in 1970 and a record low of -4.348 % in 1975. Portugal PT: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Portugal – Table PT.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Portugal: Economic growth forecast: The latest value from 2030 is 1.65 percent, unchanged from 1.65 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Portugal from 1980 to 2030 is 2.11 percent. The minimum value, -8.21 percent, was reached in 2020 while the maximum of 7.86 percent was recorded in 1990.

Portugal - Real GDP growth rate was 1.90% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Portugal - Real GDP growth rate - last updated from the EUROSTAT on July of 2025. Historically, Portugal - Real GDP growth rate reached a record high of 7.00% in December of 2022 and a record low of -8.20% in December of 2020.

The gross domestic product (GDP) per capita in Portugal amounted to about 28.92 thousand U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by approximately 25.58 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by around 7.73 thousand U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

5.5 (%) in 2021. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

Graph and download economic data for Real Gross Domestic Product for Portugal (CLVMNACSCAB1GQPT) from Q1 1995 to Q1 2025 about Portugal, real, and GDP.

Portugal PT: GDP: Growth: Gross Value Added: Services data was reported at 1.779 % in 2017. This records an increase from the previous number of 1.625 % for 2016. Portugal PT: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 1.700 % from Dec 1996 (Median) to 2017, with 22 observations. The data reached an all-time high of 4.395 % in 1998 and a record low of -2.482 % in 2012. Portugal PT: GDP: Growth: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Portugal – Table PT.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;