Summary
The Flash Estimate of the Portuguese Gross Domestic Product (GDP) points to a decrease of 0.8% in volume in the 4th quarter 2009, comparing with the same quarter of the previous year (change rate of -2.5% in the previous quarter). Comparing with the previous quarter, the Portuguese GDP remained unchanged.
The less negative GDP year on year change rate in the 4th quarter 2009 was mainly associated to an increase of the contribution from External Demand Balance, but also to a more moderate decline of Domestic Demand.
According to the preliminary estimate, Portuguese GDP registered a decrease of 2.7% in real terms in 2009.