Economic projections
Projections for Portugal updated on: 16 June 2021
Projections for Euro Area updated on: 10 June 2021
Unit: annual change, in percentage
2020 | 2021 (p) | 2022 (p) | 2023 (p) | |||
|---|---|---|---|---|---|---|
Gross domestic product |
| -7.6 | 4.8 | 5.6 | 2.4 | |
| -6.8 | 4.6 | 4.7 | 2.1 | ||
Harmonized index of consumer prices |
| -0.1 | 0.7 | 0.9 | 1.0 | |
| 0.3 | 1.9 | 1.5 | 1.4 | ||
Private consumption |
| -5.9 | 3.3 | 4.9 | 2.3 | |
| -8.0 | 2.9 | 7.0 | 2.0 | ||
Public consumption |
| 0.4 | 4.9 | 0.4 | -0.2 | |
| 1.4 | 3.4 | -0.8 | 1.0 | ||
Gross fixed capital formation |
| -1.9 | 7.6 | 8.2 | 5.8 | |
| -8.2 | 7.3 | 5.5 | 2.8 | ||
Exports |
| -18.6 | 14.5 | 13.1 | 4.8 | |
| -9.8 | 9.0 | 6.5 | 3.7 | ||
Imports |
| -12.0 | 13.2 | 10.6 | 5.1 | |
| -9.3 | 8.3 | 7.0 | 3.6 | ||
Employment |
| -1.7 | 1.3 | 1.3 | 0.4 | |
| -1.6 | 0.3 | 1.2 | 1.0 | ||
Unemployment rate |
| 7.0 | 7.2 | 7.1 | 6.8 | |
| 7.8 | 8.2 | 7.9 | 7.4 |
Portugal
Euro AreaFor further information, see:
- Economic Bulletin - June 2021 (only in Portuguese)
- ECB staff macroeconomic projections for the euro area - June 2021
Legend:
(p) projected