Industrial output collapsed 26.0% year-on-year in May, which followed the record-breaking 27.4% plunge in April. Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Tourists in Portugal where booming tourism has boosted services (photo: Rafael Marchante/Reuters/Newscom)Here are five key charts that tell the story of Portugal’s recovery:
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) bounced back from April’s record-low of 31.9 to 40.6 in May, but was still weighed on by protracted lockdown measures.
Consumer sentiment fell to minus 27.1 in July from June’s minus 25.7 as Covid-19 cases mounted, putting an end to two months of recovery since April. Consumer sentiment rose again from minus 32.1 in May to minus 25.7 in June on the back of continued easing of Covid-19-related restrictions. Real GDP growth reached 2.7 percent in 2017, the highest rate since 2000. Industrial production decreased 14.6% year-on-year in June (May: -27.3% yoy). GDP plunged 3.8% in seasonally-adjusted, quarter-on-quarter terms in Q1 2020 (Q4 2019: +0.7% s.a. qoq), marking the steepest fall on record as Covid-19 started to take its toll. © 2020 International Monetary Fund. All rights reserved.Portugal has turned the page on its 2010-13 crisis and is now enjoying a job-rich economic recovery, driven by investment and exports, says the IMF in its latest annual assessment of the country’s economy.
Click on the button below to get started. Portugal Economic forecast for Portugal The Commission publishes a full set of macroeconomic forecasts for the EU and its Member States in spring (May) and autumn (November) and publishes interim forecasts updating GDP and inflation figures in winter (February) and summer (July). Sources/Entities: Eurostat | NSI, PORDATA Last updated: 2020-04-21 GDP according to … The IMF Press Center is a password-protected site for working journalists.The IMF Press Center is a password-protected site for working journalists. The Gross Domestic Product (GDP) in Portugal was worth 237.69 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics.
The GDP value of Portugal represents 0.20 percent of the world economy. The main challenge now is to take advantage of the current good times by maintaining prudent policies and paying down debt to strengthen the country’s position against any future downturns Portugal - GDP GDP records largest drop on record in Q1 on Covid-19 impact. GDP plunged 3.8% in seasonally-adjusted, quarter-on-quarter terms in Q1 2020 (Q4 2019: +0.7% s.a. qoq), marking the steepest fall on record as Covid-19 started to take its toll.FocusEconomics Consensus Forecast panelists see GDP plunging 8.2% in 2020, which is down 0.5 percentage points from last month’s forecast, and climbing 5.4% in 2021.5 years of economic forecasts for more than 30 economic indicators.Get a sample report showing our regional, country and commodities data and analysis. Gross Domestic Product of Portugal fell 14.1 in the first quarter of 2020 compared to the … In 2018, real GDP should grow by 2.3 percent. Overview: In 2018 Portugal was the number 46 economy in the world in terms of GDP (current US$), the number 44 in total exports, the number 39 in total imports, and the number 48 most complex economy according to the Economic Complexity Index (ECI).
With re-energized investment, robust exports, and stable consumption, this recovery has supported a rebalancing of the economy.
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