Economic projections
Projections for Portugal updated on: 24 March 2022
Projections for Euro Area updated on: 10 March 2022
Unit: annual change, in percentage
2021 | 2022 (p) | 2023 (p) | 2024 (p) | ||
|---|---|---|---|---|---|
Gross domestic product |
| 4.9 | 4.9 | 2.9 | 2.0 |
| 5.4 | 3.7 | 2.8 | 1.6 | |
Harmonized index of consumer prices |
| 0.9 | 4.0 | 1.6 | 1.6 |
| 2.6 | 5.1 | 2.1 | 1.9 | |
Private consumption |
| 4.4 | 3.6 | 1.9 | 1.6 |
| 3.4 | 4.6 | 2.6 | 0.9 | |
Public consumption |
| 5.0 | 1.5 | -1.5 | -0.1 |
| 3.8 | 0.1 | 0.3 | 1.1 | |
Gross fixed capital formation |
| 6.1 | 9.2 | 6.0 | 3.9 |
| 3.5 | 3.0 | 3.8 | 2.5 | |
Exports |
| 13.0 | 14.2 | 7.5 | 3.8 |
| 10.6 | 7.8 | 6.3 | 3.1 | |
Imports |
| 12.8 | 12.3 | 5.5 | 3.3 |
| 7.8 | 7.0 | 5.8 | 2.8 | |
Employment |
| 2.1 | 1.4 | 0.6 | 0.4 |
| 1.1 | 1.4 | 0.7 | 0.6 | |
Unemployment rate |
| 6.6 | 5.9 | 5.7 | 5.6 |
| 7.7 | 7.3 | 7.2 | 7.0 |
Portugal
Euro AreaFor further information, see:
- Economic Bulletin - March 2022 (only in Portuguese)
- ECB staff macroeconomic projections for the euro area - March 2022
Legend:
(p) projected
