SYNTHESIS INE@COVID-19, 3 set-2021

September . 03 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 10/12 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Gross Domestic Product in volume registered a rate of change of 15,5% year-on-year and 4,9% quarter-on-quarter In the 2 nd quarter of 2021: • Gross Domestic Product (GDP), in real terms, registered a year-on-year rate of change of 15.5% (-5.3% in the previous quarter and -16.4% in the 2 nd of quarter 2020). This evolution is influenced by a base effect, since the restrictions on economic activity as a result of the pandemic were felt more intensely in the first two months of the 2 nd quarter of 2020, leading then to an unprecedented contraction in economic activity; • The contribution of domestic demand to the year-on-year rate of change in GDP was 15.4 percentage points (p.p.) (-3.1 p.p. in the previous quarter); • Net external demand presented a null contribution to the year-on-year rate of change in GDP (-2.2 p.p. in the previous quarter and -4.6 p.p. in the 2 nd quarter of 2020); • Investment went from a growth of 3.9% in the 1 st quarter to 10.5% (-10.0% in the 2 nd quarter of 2020); Gross Domestic Product (chain-linked volume data, reference year=2016) Calendar and seasonally adjusted data Year-on-year rate of change, % • GDP increased by 4.9% in volume (-3.2% in the previous quarter), reflecting the economic impacts of the pandemic, with general confinement at the beginning of the year followed by a gradual reopening plan from mid-March; • Resident Households’ Final Consumption Expenditure on non-durable goods and services increased by 17.5% year-on-year (6.6% in the 1 st quarter of 2021 and -14.4% in the 2 nd quarter of 2020); -20 -15 -10 -5 0 5 10 15 20 II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021