Quarterly National Accounts, 4Q 2014 (Flash Estimate), INE

Page created: Friday, 13 February 2015 9:05GMT | Updated: Friday, 13 February 2015 11:48GMT

Press Release:  13 February 2015 - 3 Page(s)
Tags:
2014   GDP  National Accounts  Quartely

The Portuguese Gross Domestic Product (GDP) increased by 0.7% in volume in the fourth quarter 2014, compared with the same period of 2013 (1.1% in the third quarter 2014), according to the flash estimate of the Quarterly National Accounts. This evolution was determined by a less intense positive contribution of domestic demand compared with the observed in the third quarter, reflecting the deceleration of private consumption. Net External Demand presented a slightly less negative contribution to the GDP year-on-year change rate, driven by the acceleration of Exports of Goods and Services.

Comparing with the previous quarter GDP increased by 0.5% in real terms (0.3% in the third quarter), due to the positive Net External Demand contribution.
In 2014 GDP recorded a real growth rate of 0.9%, following a decrease of 1.4% in 2013, as a result of the upturn of Domestic Demand.



Original title:  Year-on-year change rate of Gross Domestic Product was 0.7% in volume in the fourth quarter 2014 and 0.9% in the year 2014 - 4th Quarter 2014

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