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Economic projections

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

Projections for Euro Area updated on: 12 March 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

0.8

1.3

1.4

Harmonized index of consumer prices

POR Portugal

0.3

0.2

0.7

1.1

EU Euro Area

1.2

1.1

1.4

1.6

Private consumption

POR Portugal

2.3

-2.8

1.4

2.9

EU Euro Area

1.3

1.2

1.2

1.2

Public consumption

POR Portugal

0.8

2.1

-1.3

1.0

EU Euro Area

1.8

1.7

1.5

1.5

Gross fixed capital formation

POR Portugal

6.4

-10.8

2.9

7.9

EU Euro Area

4.4

0.4

1.9

2.2

Exports

POR Portugal

3.7

-12.1

4.2

5.5

EU Euro Area

2.5

1.6

2.5

2.6

Imports

POR Portugal

5.2

-11.9

5.5

6.2

EU Euro Area

3.3

1.8

2.7

2.8

Employment

POR Portugal

0.8

-3.5

0.7

1.8

EU Euro Area

1.1

0.5

0.3

0.4

Unemployment rate

POR Portugal

6.5

10.1

9.5

8.0

EU Euro Area

7.6

7.6

7.6

7.5

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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