3.2. GDP growth (annual %) World Bank national accounts data, and OECD National Accounts data files. GDP growth accelerated in 2016, and probably reached 2.5 % in 2017. Rate of change - % see full table. In 1991 Portugal's GDP per capita climbed to 54.9 percent of the EC average, exceeding by a fraction the level attained just before the Revolution of 1974. The entry into a more mature phase of the cycle and the fading of temporary support factors that drove growth in recent years are the main causes behind the more moderate expansion. Gross national income and gross disposable income as % of GDP in Portugal. Indicator ... View Static Chart. Portuguese GDP was expected to grow by 2.1% in 2018 (two decimal points above the eurozone average), 1.7% in 2019 (four decimal points above eurozone’s average), and 1.7% in 2020 (again, one decimal point above eurozone’s GDP growth). Since last year there have been signs that Portugal’s economic boom is slowing. 2020 (p) 2021 (p) 2022 (p) Gross domestic product . 0.3. Unemployment remained high, at 9.7% in 2017, but has improved steadily since peaking at 18% in 2013. The economy of Portugal has bounced back since the global economic crisis and is now reporting an annual growth in GDP of 1.5%. 1.3-8.0. Portugal. Convergence of real GDP growth toward the EC average occurred as a result of Portugal's economic resurgence since 1985. Data Source: World Bank [4] More about the Economy of Portugal. Portugal gdp growth rate for 2016 was 2.02%, a 0.23% increase from 2015. This country exports a total of $54.7 billion worth of goods on an annual basis, making it the 40th largest export economy in the world. 5.0. Download Historical Data Save as Image. Portugal gdp growth rate for 2017 was 3.51%, a 1.49% increase from 2016. Years. Portugal - Portugal - Economy: Portugal was the world’s richest country when its colonial empire in Asia, Africa, and South America was at its peak. In 1991 Portugal's GDP per capita climbed to 54.9 percent of the EC average, exceeding by a fraction the level attained during the height of the revolutionary period. 0.0 Real GDP growth rate Economy Growth. Harmonized index of consumer prices . Portugal successfully exited its EU-IMF program in May 2014, and its economic recovery gained traction in 2015 because of strong exports and a rebound in private consumption. Because this wealth was not used to develop domestic industrial infrastructure, however, Portugal gradually became one of western Europe’s poorest countries in the 19th and 20th centuries. Convergence of real GDP growth toward the EC average occurred as a result of Portugal's economic resurgence since 1985. 2.2-8.1--Euro Area. 2019 . Click here to see the graphic in detail. 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