National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Portugal
PRTIMPORTQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,455,055,000.00
Year-over-Year Change
55.59%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the value of imports of goods and services for Portugal, excluding these from the country's GDP calculation. Understanding import levels is crucial for economists and policymakers to assess Portugal's trade balance and overall economic performance.
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: Current Prices: Less: Imports of Goods and Services' series represents the value of all goods and services imported into Portugal, which are then subtracted from the country's gross domestic product. This metric provides insight into Portugal's international trade and its contribution to overall economic activity.
Methodology
The data is collected through national accounts and trade statistics by the Portuguese government.
Historical Context
Monitoring import levels is important for understanding Portugal's economic policies and trade relationships.
Key Facts
- Portugal's imports of goods and services were €86.5 billion in 2021.
- Imports account for approximately 40% of Portugal's GDP.
- Import levels have fluctuated significantly due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of imports of goods and services for Portugal, which are then subtracted from the country's gross domestic product calculation.
Q: Why is this trend relevant for users or analysts?
A: Understanding import levels is crucial for economists and policymakers to assess Portugal's trade balance and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through national accounts and trade statistics by the Portuguese government.
Q: How is this trend used in economic policy?
A: Monitoring import levels is important for understanding Portugal's economic policies and trade relationships.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of national accounts and trade statistics.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Portugal (PRTIMPORTQDSMEI), retrieved from FRED.