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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

POR Portugal

-8.4

4.8

5.6

2.4

EU Euro Area

-6.5

5.0

4.6

2.1

Harmonized index of consumer prices

POR Portugal

-0.1

0.9

0.9

1.0

EU Euro Area

0.3

2.2

1.7

1.5

Private consumption

POR Portugal

-7.1

4.3

4.9

2.3

EU Euro Area

-8.0

3.6

7.0

2.0

Public consumption

POR Portugal

0.4

5.2

0.4

-0.2

EU Euro Area

1.3

3.4

-1.2

0.9

Gross fixed capital formation

POR Portugal

-2.7

5.6

8.2

5.8

EU Euro Area

-7.5

7.2

5.3

3.0

Exports

POR Portugal

-18.6

9.6

13.1

4.8

EU Euro Area

-9.3

8.9

6.7

4.0

Imports

POR Portugal

-12.1

9.7

10.6

5.1

EU Euro Area

-9.2

9.0

7.0

3.8

Employment

POR Portugal

-1.9

2.6

1.3

0.4

EU Euro Area

-1.5

0.5

1.2

1.0

Unemployment rate

POR Portugal

7.0

6.8

7.1

6.8

EU Euro Area

7.9

7.9

7.7

7.3

For further information, see: 

 

Legend:

(p) projected

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