Quarterly National Accounts - Flash Estimate
Gross Domestic Product down by 2.1% in real terms
- 4th Quarter 2008
13 February 2009
Portuguese Gross Domestic Product (GDP) diminished 2.1% in volume in the 4th quarter 2008, comparing with the same quarter of the previous year (0.5% growth rate in the previous quarter). The first estimate for the quarter-on-quarter change rate on the Portuguese GDP points to a decrease of 2.0%.
The GDP reduction in the 4th quarter 2008 was driven by negative contributions of domestic demand, mainly Investment, and net external demand, with Exports of Goods and Services registering an intense decrease.
According to the preliminary estimate, Portuguese GDP remained unchanged in 2008 comparing with the previous year.