Economic projections
Projections for Portugal updated on: 14 December 2020
Projections for Euro Area updated on: 10 December 2020
Unit: annual change, in percentage
2020 (p) | 2021 (p) | 2022 (p) | 2023 (p) | |||
|---|---|---|---|---|---|---|
Gross domestic product |
| -8.1 | 3.9 | 4.5 | 2.4 | |
| -7.3 | 3.9 | 4.2 | 2.1 | ||
Harmonized index of consumer prices |
| -0.2 | 0.3 | 0.9 | 1.1 | |
| 0.2 | 1.0 | 1.1 | 1.4 | ||
Private consumption |
| -6.8 | 3.9 | 3.3 | 1.9 | |
| -8.3 | 4.3 | 5.7 | 1.8 | ||
Public consumption |
| 0.4 | 4.9 | 0.4 | 0.7 | |
| 1.5 | 2.5 | 0.6 | 1.1 | ||
Gross fixed capital formation |
| -2.8 | 4.4 | 5.2 | 2.0 | |
| -10.1 | 5.0 | 6.5 | 3.7 | ||
Exports |
| -20.1 | 9.2 | 12.9 | 6.7 | |
| -11.0 | 6.5 | 4.9 | 3.5 | ||
Imports |
| -14.4 | 8.8 | 9.1 | 5.1 | |
| -10.7 | 6.3 | 6.1 | 3.8 | ||
Employment |
| -2.3 | 0.0 | 1.3 | 0.9 | |
| -1.8 | -0.9 | 1.8 | 1.0 | ||
Unemployment rate |
| 7.2 | 8.8 | 8.1 | 7.4 | |
| 8.0 | 9.3 | 8.2 | 7.5 |
Portugal
Euro AreaFor further information, see:
- Economic Bulletin - December 2020 (only in Portuguese)
- ECB staff macroeconomic projections for the euro area - December 2020
Legend:
(p) projected