Quarterly National Accounts - Flash Estimate
Year-on-Year change rate of Gross Domestic Product was -3.4% in volume
- 3rd Quarter 2012
14 November 2012
The Portuguese Gross Domestic Product (GDP) registered a year-on-year change rate of -3.4% in volume in the 3rd quarter 2012 (-3.2% in the previous quarter). The domestic demand recorded a less negative contribution for the year-on-year change rate of GDP, reflecting a less expressive reduction of Investment. On the contrary, the positive contribution of the net external demand decreased significantly, determined by the less intense reduction of Imports of Goods and Services and by the deceleration of Exports of Goods and Services.
Comparing with the previous quarter, the Portuguese GDP diminished 0.8% (change rate of -1.1% in the 2nd quarter).