Quarterly national accounts
Year-on-year change rate of Gross Domestic Product was 1.1% in volume
- 3rd Quarter 2014
28 November 2014
The Portuguese Gross Domestic Product (GDP) registered a year-on-year increase of 1.1% in volume in the third quarter 2014 (0.9% in the previous quarter). Domestic demand recorded a more intense positive contribution to the GDP year on-year change rate, shifting from 1.7 percentage points in the second quarter to 1.9 percentage points in the third, driven largely by the evolution of Final Consumption Expenditure of Resident Households. Net external demand presented a negative contribution of 0.9 percentage points (-0.8 percentage points in the second quarter).
Comparing with the previous quarter, GDP increased by 0.3% in real terms (similar to the change rate observed in the second quarter), as a result of the positive contribution of domestic demand.