Summary
The Portuguese Gross Domestic Product (GDP) registered a year-on-year change rate of -2.2% in volume in the 1st quarter 2012 (-2.9% in the previous quarter). This evolution was driven by a less negative contribution of domestic demand.  The positive contribution of net external demand declined, as Imports of Goods and Services registered a less intense negative year-on-year change rate than in the 4th quarter of 2011, in spite of the slight acceleration of Exports of Goods and Services.
Comparing with the previous quarter, the Portuguese GDP diminished 0.1%.