Summary
Statistics Portugal updated the benchmark year of the Portuguese National Accounts. The previous series had 2006 as benchmark. The reference year for the new series is 2011.
The revisions introduced reflect both methodological changes associated to the implementation of the new European System of Accounts 2010 (ESA 2010) and the use of new structural data, notably the 2011 Census.
In consequence, the Gross Domestic Product for 2011 is revised upwards by 2.9% to around 176.2 billion Euro.