Quarterly national accounts
Year-on-year change rate of Gross Domestic Product was -1.0% in volume
- 3rd Quarter 2013
09 December 2013
The Portuguese Gross Domestic Product (GDP) registered a year-on-year decrease of 1.0% in volume in the third quarter 2013 (-2.0% in the previous quarter). The GDP less intense year-on-year reduction was due to the less significant negative contribution of domestic demand, shifting from -2.9 percentage points in the second quarter to -1.6 percentage points in the third quarter, driven mainly by the less significant decline of Final Consumption Expenditure of Resident Households. On the contrary, the positive contribution of net external demand decreased to 0.6 percentage points (0.8 percentage points in previous quarter), reflecting the deceleration of Exports of Goods and Services.
Comparing with the second quarter, Portuguese GDP increased by 0.2% (change rate of -1.1% in the previous quarter), reflecting the positive contribution of domestic demand that more than offset the negative contribution of net external demand.