Economic projections
Projections for Portugal updated on: 16 June 2020
Projections for Euro Area updated on: 10 September 2020
Unit: annual change, in percentage
2019 | 2020 (p) | 2021 (p) | 2022 (p) | |||
|---|---|---|---|---|---|---|
Gross domestic product |
| 2.2 | -9.5 | 5.2 | 3.8 | |
| 1.3 | -8.0 | 5.0 | 3.2 | ||
Harmonized index of consumer prices |
| 0.3 | 0.1 | 0.8 | 1.1 | |
| 1.2 | 0.3 | 1.0 | 1.3 | ||
Private consumption |
| 2.2 | -8.9 | 7.7 | 3.0 | |
| 1.3 | -8.0 | 5.9 | 3.4 | ||
Public consumption |
| 1.1 | 0.6 | 0.7 | 0.8 | |
| 1.8 | 1.7 | 1.7 | 1.0 | ||
Gross fixed capital formation |
| 6.3 | -11.1 | 5.0 | 4.5 | |
| 5.0 | -12.3 | 6.3 | 6.1 | ||
Exports |
| 3.7 | -25.3 | 11.5 | 11.2 | |
| 2.5 | -13.7 | 7.4 | 4.5 | ||
Imports |
| 5.2 | -22.4 | 13.5 | 8.5 | |
| 3.9 | -11.7 | 7.0 | 5.0 | ||
Employment |
| 0.8 | -4.5 | 2.0 | 1.5 | |
| 1.2 | -2.3 | 0.1 | 1.3 | ||
Unemployment rate |
| 6.5 | 10.1 | 8.9 | 7.6 | |
| 7.6 | 8.5 | 9.5 | 8.8 |
Portugal
Euro AreaFor further information, see:
- Economic Bulletin - June 2020 (only in Portuguese)
- ECB staff macroeconomic projections for the euro area - September 2020
Legend:
(p) projected