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Economic projections

Projections for Portugal updated on: 26 March 2020 - Baseline scenario*

Projections for Euro Area updated on: 4 June 2020

 

Unit: annual change, in percentage

2019

2020 (p)

2021 (p)

2022 (p)

Gross domestic product

POR Portugal

2.2

-3.7

0.7

3.1

EU Euro Area

1.2

-8.7

5.2

3.3

Harmonized index of consumer prices

POR Portugal

0.3

0.2

0.7

1.1

EU Euro Area

1.2

0.3

0.8

1.3

Private consumption

POR Portugal

2.3

-2.8

1.4

2.9

EU Euro Area

1.3

-7.8

6.0

3.3

Public consumption

POR Portugal

0.8

2.1

-1.3

1.0

EU Euro Area

1.7

2.5

1.0

1.3

Gross fixed capital formation

POR Portugal

6.4

-10.8

2.9

7.9

EU Euro Area

5.5

-15.5

4.9

5.9

Exports

POR Portugal

3.7

-12.1

4.2

5.5

EU Euro Area

2.5

-13.6

8.4

4.9

Imports

POR Portugal

5.2

-11.9

5.5

6.2

EU Euro Area

3.9

-12.0

7.4

5.3

Employment

POR Portugal

0.8

-3.5

0.7

1.8

EU Euro Area

1.2

-2.8

0.4

1.5

Unemployment rate

POR Portugal

6.5

10.1

9.5

8.0

EU Euro Area

7.6

9.8

10.1

9.1

For further information, see: 

 

Note:

* The March 2020 issue of the Economic Bulletin also presents macroeconomic projections for the Portuguese economy based on an adverse scenario.


Legend:

(p) projected

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