Summary
Portuguese Gross Domestic Product (GDP) diminished 3.7% in volume in the 1st quarter 2009, comparing with the same quarter of the previous year (change rate of  2.0% in the previous quarter). The first estimate for the quarter-on-quarter change rate on the Portuguese GDP points to a decrease of 1.5%.
The year-on year GDP reduction in the 1st quarter 2009 was mainly driven by pronounced declines of Exports of Goods and Services, of Investment and, to a lesser degree, of Final Consumption Expenditures of Households.