Economic projections
Projections for Portugal updated on: 6 October 2021
Projections for Euro Area updated on: 9 September 2021
Unit: annual change, in percentage
2020 | 2021 (p) | 2022 (p) | 2023 (p) | |||
|---|---|---|---|---|---|---|
Gross domestic product |
| -8.4 | 4.8 | 5.6 | 2.4 | |
| -6.5 | 5.0 | 4.6 | 2.1 | ||
Harmonized index of consumer prices |
| -0.1 | 0.9 | 0.9 | 1.0 | |
| 0.3 | 2.2 | 1.7 | 1.5 | ||
Private consumption |
| -7.1 | 4.3 | 4.9 | 2.3 | |
| -8.0 | 3.6 | 7.0 | 2.0 | ||
Public consumption |
| 0.4 | 5.2 | 0.4 | -0.2 | |
| 1.3 | 3.4 | -1.2 | 0.9 | ||
Gross fixed capital formation |
| -2.7 | 5.6 | 8.2 | 5.8 | |
| -7.5 | 7.2 | 5.3 | 3.0 | ||
Exports |
| -18.6 | 9.6 | 13.1 | 4.8 | |
| -9.3 | 8.9 | 6.7 | 4.0 | ||
Imports |
| -12.1 | 9.7 | 10.6 | 5.1 | |
| -9.2 | 9.0 | 7.0 | 3.8 | ||
Employment |
| -1.9 | 2.6 | 1.3 | 0.4 | |
| -1.5 | 0.5 | 1.2 | 1.0 | ||
Unemployment rate |
| 7.0 | 6.8 | 7.1 | 6.8 | |
| 7.9 | 7.9 | 7.7 | 7.3 |
Portugal
Euro AreaFor further information, see:
- Economic Bulletin - September 2021 (only in Portuguese)
- ECB staff macroeconomic projections for the euro area - September 2021
Legend:
(p) projected