empty
 
 

2020.02.1408:48:00UTC+00Portugal's GDP Growth Accelerates On Exports

Portugal's economic growth improved in the fourth quarter driven by exports, data from Statistics Portugal revealed on Friday.

Gross domestic product climbed 2.2 percent on year, faster than the 1.9 percent expansion posted in the third quarter. This was the fastest expansion since the third quarter of 2018.

The net trade provided positive contribution to growth after being negative in the previous quarters. Exports of goods and services accelerated, while imports of goods and services decelerated.

At the same time, contribution from domestic demand eased with a slowdown in private spending and investment.

On a quarterly basis, GDP growth rose to 0.6 percent from 0.4 percent in the preceding period.

Nonetheless, in the whole year of 2019, GDP increased 2.0 percent versus 2.4 percent seen in 2018 and 3.5 percent in 2017.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback