Economic projections
Projections for Portugal updated on: October 4th 2023
Projections for Euro Area updated on: September 14th 2023
Unit: annual change, in percentage
2022 | 2023 (p) | 2024 (p) | 2025 (p) | ||
|---|---|---|---|---|---|
Gross domestic product |
| 6.8 | 2.1 | 1.5 | 2.1 |
| 3.4 | 0.7 | 1.0 | 1.5 | |
Harmonized index of consumer prices |
| 8.1 | 5.4 | 3.6 | 2.1 |
| 8.4 | 5.6 | 3.2 | 2.1 | |
Private consumption |
| 5.6 | 1.0 | 1.3 | 1.6 |
| 4.1 | 0.3 | 1.6 | 1.6 | |
Public consumption |
| 1.4 | 1.2 | 1.2 | 0.8 |
| 1.5 | -0.1 | 1.1 | 1.4 | |
Gross fixed capital formation |
| 3.0 | 1.5 | 5.0 | 5.0 |
| 2.9 | 1.7 | -0.4 | 1.4 | |
Exports |
| 17.4 | 4.1 | 2.1 | 3.9 |
| 7.3 | 1.3 | 2.5 | 3.1 | |
Imports |
| 11.1 | 1.3 | 3.4 | 3.9 |
| 8.1 | 0.3 | 2.5 | 3.1 | |
Employment |
| 1.5 | 0.8 | 0.2 | 0.4 |
| 2.3 | 1.2 | 0.2 | 0.2 | |
Unemployment rate |
| 6.0 | 6.5 | 6.7 | 6.9 |
| 6.7 | 6.5 | 6.7 | 6.7 |
Portugal
Euro AreaFor further information, see:
- Economic Bulletin - October 2023 (only in portuguese)
- ECB staff macroeconomic projections for the euro area - September 2023
Legend:
(p) projected
