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Economic projections

Projections for Portugal updated on: 15 June 2022

Projections for Euro Area updated on: 09 June 2022

 

Unit: annual change, in percentage

2021

2022 (p)

2023 (p)

2024 (p)

Gross domestic product

POR Portugal

4.9

6.3

2.6

2.0

EU Euro Area

5.4

2.8

2.1

2.1

Harmonized index of consumer prices

POR Portugal

0.9

5.9

2.7

2.0

EU Euro Area

2.6

6.8

3.5

2.1

Private consumption

POR Portugal

4.5

5.2

1.2

1.5

EU Euro Area

3.5

3.1

2.0

1.5

Public consumption

POR Portugal

4.1

2.2

-0.9

-0.2

EU Euro Area

3.9

0.6

-0.5

1.1

Gross fixed capital formation

POR Portugal

6.4

5.0

7.6

5.0

EU Euro Area

4.1

2.8

3.1

3.4

Exports

POR Portugal

13.1

13.4

5.8

3.6

EU Euro Area

11.3

3.9

4.2

3.7

Imports

POR Portugal

12.9

9.5

4.5

3.4

EU Euro Area

8.8

4.1

3.5

3.4

Employment

POR Portugal

2.1

1.7

0.4

0.2

EU Euro Area

1.1

1.9

0.5

0.4

Unemployment rate

POR Portugal

6.6

5.6

5.4

5.4

EU Euro Area

7.7

6.8

6.8

6.7

For further information, see: 

 

Legend:

(p) projected

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