Economic projections
Projections for Portugal updated on: March 24th 2023
Projections for Euro Area updated on: March 16th 2023
Unit: annual change, in percentage
2022 | 2023 (p) | 2024 (p) | 2025 (p) | ||
|---|---|---|---|---|---|
Gross domestic product |
| 6.7 | 1.8 | 2.0 | 2.0 |
| 3.6 | 1.0 | 1.6 | 1.6 | |
Harmonized index of consumer prices |
| 8.1 | 5.5 | 3.2 | 2.1 |
| 8.4 | 5.3 | 2.9 | 2.1 | |
Private consumption |
| 5.7 | 0.3 | 1.0 | 1.3 |
| 4.3 | 0.7 | 1.3 | 1.4 | |
Public consumption |
| 2.4 | 1.8 | 1.1 | 0.8 |
| 1.4 | -0.2 | 1.4 | 1.4 | |
Gross fixed capital formation |
| 2.7 | 2.3 | 5.2 | 4.2 |
| 3.7 | 0.3 | 1.4 | 1.8 | |
Exports |
| 16.7 | 4.7 | 3.7 | 3.9 |
| 7.5 | 3.4 | 3.5 | 3.3 | |
Imports |
| 11.0 | 2.4 | 3.4 | 3.5 |
| 8.3 | 3.0 | 3.0 | 3.2 | |
Employment |
| 2.0 | 0.1 | 0.2 | 0.2 |
| 2.2 | 0.8 | 0.4 | 0.3 | |
Unemployment rate |
| 6.0 | 7.0 | 6.9 | 6.7 |
| 6.7 | 6.6 | 6.6 | 6.6 |
Portugal
Euro AreaFor further information, see:
- Economic Bulletin - March 2023 (only in Portuguese)
- ECB staff macroeconomic projections for the euro area - March 2023
Legend:
(p) projected
