National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Portugal
NAEXKP01PTQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,849,409,000.00
Year-over-Year Change
12.46%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures Portugal's gross domestic product (GDP) by expenditure at constant prices, providing a comprehensive view of the country's economic performance over time.
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
The National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Portugal series tracks the total output of goods and services produced within Portugal, adjusted for inflation, offering insights into the country's economic growth and development.
Methodology
The data is collected and calculated by the Portuguese National Statistical Institute.
Historical Context
This GDP metric is widely used by policymakers, analysts, and researchers to assess the health and trajectory of the Portuguese economy.
Key Facts
- Portugal's GDP reached €218.6 billion in 2021.
- GDP growth in Portugal was 4.9% in 2021.
- The services sector accounts for over 70% of Portugal's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures Portugal's gross domestic product (GDP) by expenditure at constant prices, providing a comprehensive view of the country's economic output.
Q: Why is this trend relevant for users or analysts?
A: This GDP metric is widely used by policymakers, analysts, and researchers to assess the health and trajectory of the Portuguese economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Portuguese National Statistical Institute.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and institutions use this GDP data to inform decision-making, monitor economic performance, and develop policies to support Portugal's economic growth and development.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a slight delay for compilation and quality assurance.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Portugal (NAEXKP01PTQ652S), retrieved from FRED.