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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

POR Portugal

-8.1

3.9

4.5

2.4

EU Euro Area

-7.3

3.9

4.2

2.1

Harmonized index of consumer prices

POR Portugal

-0.2

0.3

0.9

1.1

EU Euro Area

0.2

1.0

1.1

1.4

Private consumption

POR Portugal

-6.8

3.9

3.3

1.9

EU Euro Area

-8.3

4.3

5.7

1.8

Public consumption

POR Portugal

0.4

4.9

0.4

0.7

EU Euro Area

1.5

2.5

0.6

1.1

Gross fixed capital formation

POR Portugal

-2.8

4.4

5.2

2.0

EU Euro Area

-10.1

5.0

6.5

3.7

Exports

POR Portugal

-20.1

9.2

12.9

6.7

EU Euro Area

-11.0

6.5

4.9

3.5

Imports

POR Portugal

-14.4

8.8

9.1

5.1

EU Euro Area

-10.7

6.3

6.1

3.8

Employment

POR Portugal

-2.3

0.0

1.3

0.9

EU Euro Area

-1.8

-0.9

1.8

1.0

Unemployment rate

POR Portugal

7.2

8.8

8.1

7.4

EU Euro Area

8.0

9.3

8.2

7.5

For further information, see: 

 

Legend:

(p) projected

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