Quarterly National Accounts - Flash Estimate
Gross Domestic Product decreased 3.9% in real terms in the 1st quarter 2013 - 1st Quarter 2013
15 May 2013
Accordingly with the flash estimate of the Quarterly National Accounts, the Portuguese Gross Domestic Product (GDP), registered a year-on-year change rate of -3.9% in volume in the 1st quarter 2013 (-3.8% in the previous quarter). Domestic demand presented a more negative contribution for the year-on-year change rate of GDP, determined by the more pronounced decline in Investment, particularly in Construction. In the opposite direction, the positive contribution of net external demand increased, mainly due to the more intense reduction of Imports of Goods and Services.
Comparing with the previous quarter, the Portuguese GDP diminished 0.3%.
Press release - complete version