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The import content of final demand in Portugal: Nominal and real evolution
The aim of this article is to assess the import content of final demand components in Portugal since the beginning of the euro area. Besides documenting the heterogeneity across the main aggregates of final demand, we also distinguish the evolution in nominal terms from the corresponding behavior in real terms. Despite the relative stability of the import content of final demand in nominal terms, the results suggest an upward trend in real terms, most notably in investment and exports.