The Portuguese Gross Domestic Product (GDP) increased by 0.8% in volume in the second quarter 2016, compared with the same period of 2015 (0.9% in the first quarter 2016). The positive contribution of domestic demand to the GDP year-on-year change rate decreased markedly, with a less intense growth of private consumption and a more pronounced reduction of investment. The contribution of net external demand turned slightly positive, reflecting the more intense slowdown of Imports of Goods and Services compared with the Exports of Goods and Services.
Comparing with the first quarter, the GDP registered a change rate of 0.2% in real terms in the second quarter (similar growth rate observed in the two previous quarters). The net external demand contributed positively, while domestic demand registered a null contribution.
Friday, 12 August 2016 14:26