Gross Domestic Product for Portugal
MKTGDPPTA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
308,683,317,392.68
Year-over-Year Change
42.55%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Portugal is a comprehensive measure of the total economic output of the country. It is a key indicator used by economists and policymakers to assess the health and growth of the Portuguese economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP represents the market value of all final goods and services produced within Portugal's borders over a given time period, typically a quarter or a year. It is a widely used metric for evaluating economic performance and making international comparisons.
Methodology
The GDP data for Portugal is collected and calculated by the World Bank using national accounts and statistical methods.
Historical Context
Analysts and policymakers closely monitor Portugal's GDP to inform economic policies, investment decisions, and assessments of the country's overall economic condition.
Key Facts
- Portugal's GDP totaled $237.4 billion in 2020.
- GDP per capita in Portugal was $23,302 in 2020.
- The Portuguese economy contracted by 7.6% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Portugal measures the total value of all goods and services produced within the country's borders over a given time period.
Q: Why is this trend relevant for users or analysts?
A: Portugal's GDP is a key indicator of the country's overall economic health and performance, making it relevant for economists, policymakers, and investors analyzing the Portuguese economy.
Q: How is this data collected or calculated?
A: The GDP data for Portugal is collected and calculated by the World Bank using national accounts and statistical methods.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor Portugal's GDP to inform economic policies, investment decisions, and assessments of the country's overall economic condition.
Q: Are there update delays or limitations?
A: The GDP data for Portugal is typically published on a quarterly or annual basis, with some potential for minor delays in data release.
Related Trends
Outstanding Domestic Private Debt Securities to GDP for Portugal
DDDM03PTA156NWDB
Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Portugal
LFEM24MAPTA647N
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for Portugal
LFIN55MAPTA647N
Broad Effective Exchange Rate for Portugal
NBPTBIS
Harmonized Index of Consumer Prices: Pharmaceutical Products for Portugal
CP0611PTM086NEST
Infra-Annual Labor Statistics: Unemployment Male: 15 Years or over for Portugal
LFUNTTMAPTQ647N
Citation
U.S. Federal Reserve, Gross Domestic Product for Portugal (MKTGDPPTA646NWDB), retrieved from FRED.