Quarterly National Accounts - Flash Estimate
Gross Domestic Product down by 2.4% in real terms
- 3rd Quarter 2009
13 November 2009
The Flash Estimate of the Portuguese Gross Domestic Product (GDP) points to a decrease of 2.4% in volume in the 3rd quarter 2009, comparing with the same quarter of the previous year (change rate of -3.7% in the previous quarter). The first estimate for the quarter on quarter change rate on the Portuguese GDP points to an increase of 0.9%.
The less negative GDP year on year change rate in the 3rd quarter 2009 was mainly driven by a more moderate Investment decline. Exports and Imports of Goods and Services also registered less negative year on year change rates.