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Gross Domestic Product year-on-year rate of change was 1.8%
Quarterly national accounts
Gross Domestic Product year-on-year rate of change was 1.8% - 2nd Quarter 2019
30 August 2019

Summary

In the second quarter 2019, the Portuguese Gross Domestic Product (GDP) registered a year-on-year growth rate of 1.8% in volume (same rate as in the previous quarter). The contribution of domestic demand to GDP year-on-year rate of change decreased to 2.4 percentage points (4.1 percentage points in the first quarter), mainly due to the deceleration of Investment. Net external demand presented a less negative contribution of -0.6 percentage points (-2.3 percentage points in the previous quarter), with Imports of Goods and Services decelerating more intensely than Exports of Goods and Services.
In comparison with the first quarter of 2019, GDP increased by 0.5% in real terms, maintaining the growth rate recorded in the previous quarter. The contribution of domestic demand to GDP quarter-on-quarter rate of change, which was positive in the first quarter, turned negative (from 1.4 to -0.9 percentage points), while the contribution of net external demand to the GDP was positive (1.5 percentage points) in the second quarter, after being negative (-0.9 percentage points) in the previous quarter.


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