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 |
| 2.2 | -3.7 | 0.7 | 3.1 | |
| 1.2 | 0.8 | 1.3 | 1.4 | ||
Harmonized index of consumer prices |
| 0.3 | 0.2 | 0.7 | 1.1 | |
| 1.2 | 1.1 | 1.4 | 1.6 | ||
Private consumption |
| 2.3 | -2.8 | 1.4 | 2.9 | |
| 1.3 | 1.2 | 1.2 | 1.2 | ||
Public consumption |
| 0.8 | 2.1 | -1.3 | 1.0 | |
| 1.8 | 1.7 | 1.5 | 1.5 | ||
Gross fixed capital formation |
| 6.4 | -10.8 | 2.9 | 7.9 | |
| 4.4 | 0.4 | 1.9 | 2.2 | ||
Exports |
| 3.7 | -12.1 | 4.2 | 5.5 | |
| 2.5 | 1.6 | 2.5 | 2.6 | ||
Imports |
| 5.2 | -11.9 | 5.5 | 6.2 | |
| 3.3 | 1.8 | 2.7 | 2.8 | ||
Employment |
| 0.8 | -3.5 | 0.7 | 1.8 | |
| 1.1 | 0.5 | 0.3 | 0.4 | ||
Unemployment rate |
| 6.5 | 10.1 | 9.5 | 8.0 | |
| 7.6 | 7.6 | 7.6 | 7.5 |
Portugal
Euro AreaFor further information, see:
- Economic Bulletin - March 2020 (only in portuguese)
- ECB staff macroeconomic projections for the euro area - March 2020
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