Quarterly National Accounts - Flash Estimate
Gross Domestic Product decreased 2.0% in real terms
- 2nd Quarter 2013
14 August 2013
The Portuguese Gross Domestic Product (GDP) registered a year-on-year change rate of -2.0% in volume in the 2nd quarter 2013 (-4.1% in the previous quarter), according to the flash estimate of the Quarterly National Accounts. Comparing with the previous quarter, the Portuguese GDP increased 1.1% in volume.
The less intense year-on-year reduction of GDP in the 2nd quarter was mainly driven by the less pronounced decrease of Investment, particularly in Construction, and to the significant acceleration of Exports of Goods and Services, partially due to the calendar effect associated to the Easter celebration (in 2012, it took place in April whereas in 2013 it occurred in March).
Press release - complete version