Quarterly National Accounts - Flash Estimate
Year-on-year change rate of Gross Domestic Product was 1.0% in volume
- 3rd Quarter 2014
14 November 2014
The Portuguese Gross Domestic Product (GDP) increased by 1.0% in volume in the third quarter 2014, compared with the same period of 2014 (0.9% in the second quarter 2014), according to the flash estimate of the Quarterly National Accounts. Domestic demand presented a more intense positive contribution to the GDP year-on-year change rate in the third quarter, mainly reflecting the Final Consumption Expenditure of Resident Households evolution. Net external demand recorded a more negative contribution in the third quarter, due to the acceleration of Imports of Goods and Services, while the growth rate of Exports of Goods and Services was similar to the observed in the previous quarter.
Comparing with the previous quarter, GDP increased by 0.2% in real terms (change rate of 0.3% in the second quarter), mainly as a result of the increase in Final Consumption Expenditure of Resident Households.