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Economic projections

Projections for Portugal updated on: 16 June 2021

Projections for Euro Area updated on: 10 June 2021

 

Unit: annual change, in percentage

2020

2021 (p)

2022 (p)

2023 (p)

Gross domestic product

POR Portugal

-7.6

4.8

5.6

2.4

EU Euro Area

-6.8

4.6

4.7

2.1

Harmonized index of consumer prices

POR Portugal

-0.1

0.7

0.9

1.0

EU Euro Area

0.3

1.9

1.5

1.4

Private consumption

POR Portugal

-5.9

3.3

4.9

2.3

EU Euro Area

-8.0

2.9

7.0

2.0

Public consumption

POR Portugal

0.4

4.9

0.4

-0.2

EU Euro Area

1.4

3.4

-0.8

1.0

Gross fixed capital formation

POR Portugal

-1.9

7.6

8.2

5.8

EU Euro Area

-8.2

7.3

5.5

2.8

Exports

POR Portugal

-18.6

14.5

13.1

4.8

EU Euro Area

-9.8

9.0

6.5

3.7

Imports

POR Portugal

-12.0

13.2

10.6

5.1

EU Euro Area

-9.3

8.3

7.0

3.6

Employment

POR Portugal

-1.7

1.3

1.3

0.4

EU Euro Area

-1.6

0.3

1.2

1.0

Unemployment rate

POR Portugal

7.0

7.2

7.1

6.8

EU Euro Area

7.8

8.2

7.9

7.4

For further information, see: 

 

Legend:

(p) projected

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