Economic projections
Projections for Portugal updated on: 17 December 2019
Projections for Euro Area updated on: 12 December 2019
Unit: annual change, in percentage
2019 (p) | 2020 (p) | 2021 (p) | 2022 (p) | |||
|---|---|---|---|---|---|---|
Gross domestic product |
| 2.0 | 1.7 | 1.6 | 1.6 | |
| 1.2 | 1.1 | 1.4 | 1.4 | ||
Harmonized index of consumer prices |
| 0.3 | 0.9 | 1.2 | 1.4 | |
| 1.2 | 1.1 | 1.4 | 1.6 | ||
Private consumption |
| 2.3 | 2.1 | 1.9 | 1.7 | |
| 1.3 | 1.4 | 1.3 | 1.2 | ||
Public consumption |
| 0.5 | 0.8 | 0.8 | 0.8 | |
| 1.5 | 1.6 | 1.5 | 1.5 | ||
Gross fixed capital formation |
| 7.3 | 5.4 | 4.8 | 4.3 | |
| 4.5 | 1.7 | 1.9 | 2.1 | ||
Exports |
| 2.8 | 2.6 | 2.8 | 3.0 | |
| 2.3 | 1.9 | 2.5 | 2.6 | ||
Imports |
| 5.4 | 4.6 | 4.2 | 3.9 | |
| 3.1 | 2.5 | 2.8 | 2.8 | ||
Employment |
| 1.0 | 0.8 | 0.4 | 0.1 | |
| 1.1 | 0.6 | 0.5 | 0.4 | ||
Unemployment rate |
| 6.3 | 5.9 | 5.6 | 5.6 | |
| 7.6 | 7.4 | 7.2 | 7.1 |
Portugal
Euro AreaFor further information, see:
- Economic Bulletin - December 2019 (only in portuguese)
- ECB staff macroeconomic projections for the euro area - December 2019
Legend:
(p) projected