Quarterly national accounts
Year-on-year change rate of Gross Domestic Product was -2.1% in volume
- 2nd Quarter 2013
06 September 2013
Summary
The Portuguese Gross Domestic Product (GDP) registered a year-on-year decrease of 2.1% in volume in the 2nd quarter 2013 (-4.1% in the previous quarter). The GDP less intense year-on-year reduction in the 2nd quarter was due to the less significant negative contribution of domestic demand, shifting from -6.1 p.p. in the 1st quarter to -2.6 p.p., driven mainly by the less pronounced decline of Investment. The positive net external demand contribution to the GDP year on-year change rate decreased from 1.9 p.p. in the previous quarter to 0.4 p.p. in the 2nd quarter, as a result of the increase of Imports of Goods and Services, while Exports of Goods and Services accelerated.
Comparing with the previous quarter, Portuguese GDP increased by 1.1% in the 2nd quarter (change rate of -0.4% in the 1st quarter).
The results for the Annual National Accounts for 2011 are presented simultaneously, being available more detailed information, implying revisions to the previously published data.
The Portuguese Gross Domestic Product (GDP) registered a year-on-year decrease of 2.1% in volume in the 2nd quarter 2013 (-4.1% in the previous quarter). The GDP less intense year-on-year reduction in the 2nd quarter was due to the less significant negative contribution of domestic demand, shifting from -6.1 p.p. in the 1st quarter to -2.6 p.p., driven mainly by the less pronounced decline of Investment. The positive net external demand contribution to the GDP year on-year change rate decreased from 1.9 p.p. in the previous quarter to 0.4 p.p. in the 2nd quarter, as a result of the increase of Imports of Goods and Services, while Exports of Goods and Services accelerated.
Comparing with the previous quarter, Portuguese GDP increased by 1.1% in the 2nd quarter (change rate of -0.4% in the 1st quarter).
The results for the Annual National Accounts for 2011 are presented simultaneously, being available more detailed information, implying revisions to the previously published data.
