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Economic projections

Projections for Portugal updated on: 26 March 2021

Projections for Euro Area updated on: 11 March 2021

 

Unit: annual change, in percentage

2020

2021 (p)

2022 (p)

2023 (p)

Gross domestic product

POR Portugal

-7.6

3.9

5.2

2.4

EU Euro Area

-6.9

4.0

4.1

2.1

Harmonized index of consumer prices

POR Portugal

-0.1

0.7

0.9

1.0

EU Euro Area

0.3

1.5

1.2

1.4

Private consumption

POR Portugal

-5.9

2.0

4.8

2.3

EU Euro Area

-8.0

3.0

5.9

2.1

Public consumption

POR Portugal

0.5

3.7

0.7

0.6

EU Euro Area

1.0

2.9

0.1

1.1

Gross fixed capital formation

POR Portugal

-2.2

3.6

8.0

3.7

EU Euro Area

-8.4

5.5

5.9

3.3

Exports

POR Portugal

-18.6

13.7

11.5

5.3

EU Euro Area

-10.5

7.5

5.5

3.4

Imports

POR Portugal

-12.0

10.2

9.9

5.0

EU Euro Area

-10.0

6.6

6.4

3.6

Employment

POR Portugal

-1.7

0.3

1.6

0.5

EU Euro Area

-1.7

-0.2

1.3

1.0

Unemployment rate

POR Portugal

6.8

7.7

7.6

7.2

EU Euro Area

7.8

8.6

8.1

7.6

For further information, see: 

 

Legend:

(p) projected

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