Economic projections
Projections for Portugal updated on: December 16th 2022
Projections for Euro Area updated on: December 15th 2022
Unit: annual change, in percentage
2021 | 2022 (p) | 2023 (p) | 2024 (p) | 2025 (p) | ||
|---|---|---|---|---|---|---|
Gross domestic product |
| 5.5 | 6.8 | 1.5 | 2.0 | 1.9 |
| 5.2 | 3.4 | 0.5 | 1.9 | 1.8 | |
Harmonized index of consumer prices |
| 0.9 | 8.1 | 5.8 | 3.3 | 2.1 |
| 2.6 | 8.4 | 6.3 | 3.4 | 2.3 | |
Private consumption |
| 4.7 | 5.9 | 0.2 | 0.8 | 1.1 |
| 3.8 | 4.0 | 0.7 | 1.5 | 1.5 | |
Public consumption |
| 4.6 | 2.0 | 1.9 | 1.2 | 0.9 |
| 4.3 | 1.0 | -1.0 | 1.1 | 1.3 | |
Gross fixed capital formation |
| 8.7 | 1.3 | 2.9 | 5.4 | 4.3 |
| 3.6 | 3.1 | 0.7 | 2.2 | 2.8 | |
Exports |
| 13.5 | 17.7 | 4.3 | 3.7 | 3.9 |
| 10.3 | 7.5 | 2.9 | 3.8 | 3.4 | |
Imports |
| 13.3 | 11.1 | 3.0 | 3.2 | 3.4 |
| 8.2 | 7.9 | 3.1 | 3.3 | 3.4 | |
Employment |
| 1.9 | 2.3 | 0.0 | 0.2 | 0.1 |
| 1.3 | 2.1 | 0.4 | 0.5 | 0.5 | |
Unemployment rate |
| 6.6 | 5.9 | 5.9 | 5.9 | 5.9 |
| 7.7 | 6.7 | 6.9 | 6.8 | 6.6 |
Portugal
Euro AreaFor further information, see:
- Economic Bulletin - December 2022 (only in Portuguese)
- ECB staff macroeconomic projections for the euro area - December 2022
Legend:
(p) projected
