Economic projections
Projections for Portugal updated on: 26 March 2021
Projections for Euro Area updated on: 11 March 2021
Unit: annual change, in percentage
2020 | 2021 (p) | 2022 (p) | 2023 (p) | |||
|---|---|---|---|---|---|---|
Gross domestic product |
| -7.6 | 3.9 | 5.2 | 2.4 | |
| -6.9 | 4.0 | 4.1 | 2.1 | ||
Harmonized index of consumer prices |
| -0.1 | 0.7 | 0.9 | 1.0 | |
| 0.3 | 1.5 | 1.2 | 1.4 | ||
Private consumption |
| -5.9 | 2.0 | 4.8 | 2.3 | |
| -8.0 | 3.0 | 5.9 | 2.1 | ||
Public consumption |
| 0.5 | 3.7 | 0.7 | 0.6 | |
| 1.0 | 2.9 | 0.1 | 1.1 | ||
Gross fixed capital formation |
| -2.2 | 3.6 | 8.0 | 3.7 | |
| -8.4 | 5.5 | 5.9 | 3.3 | ||
Exports |
| -18.6 | 13.7 | 11.5 | 5.3 | |
| -10.5 | 7.5 | 5.5 | 3.4 | ||
Imports |
| -12.0 | 10.2 | 9.9 | 5.0 | |
| -10.0 | 6.6 | 6.4 | 3.6 | ||
Employment |
| -1.7 | 0.3 | 1.6 | 0.5 | |
| -1.7 | -0.2 | 1.3 | 1.0 | ||
Unemployment rate |
| 6.8 | 7.7 | 7.6 | 7.2 | |
| 7.8 | 8.6 | 8.1 | 7.6 |
Portugal
Euro AreaFor further information, see:
- Economic Bulletin - March 2021 - (only in Portuguese)
- ECB staff macroeconomic projections for the euro area - March 2021
Legend:
(p) projected