Economic Activity 2018

Net lending / net borrowing of economy in percentage of GDP Contributions to GDP growth in volume National Accounts Statistics Portugal, National Accounts Statistics Portugal, National Accounts 05 Private consumption Public consumption Gross capital formation Exports of goods (FOB) and services Imports of goods (FOB) and services Financial corporations Households and Non-profit institutions serving households Total economy Non-financial corporations General government The gross domestic product (GDP) increased by 2.4% in volume, down by 1.1 percentage points (p.p.) compared to the previous year. In nominal terms amounted to € 203.9 billion 1,5 1,3 1,7 1,4 2,0 - 0,1 0,6 0,9 0,4 1,9 1,1 1,6 2,4 1,7 3,4 1,6 - 2,6 - 2,9 - 1,9 - 3,2 - 2,4 -8,0 -6,0 -4,0 -2,0 0,0 2,0 4,0 6,0 2014 2015 2016 2017 2018 % -4,0 -2,0 0,0 2,0 4,0 2014 2015 2016 2017 2018 p.p. 1,2 1,2 1,5 1,8 1,2 0,1 0,0 0,1 0,1 Main economic indicators 2014 2015 2016 2017 2018 Gross domestic product (GDP) at market prices expenditure approach GDP 0.8 1.8 2.0 3.5 2.4 Private consumption -1.0 2.4 2.0 2.6 2.1 Public consumption -0.6 0.8 0.8 0.2 0.9 Gross capital formation 4.1 5.9 2.5 11.9 6.2 Exports of goods (FOB) and services 4.3 6.3 4.4 8,4 3.8 Imports of goods (FOB) and services 7.9 8.0 5.0 8.1 5.8 Implicit deflators GDP 0.7 2.0 1.7 1.5 1.6 Private consumption 0.2 0.9 1.0 1.6 1.3 Terms of trade 1.0 3.2 1.6 -0.8 -0.3 GDP per capita (Euro - current prices) (Euro - ) current prices 16 638 17 350 18 061 19 023 19 827 Gross national income per capita 16 298 16 885 17 622 18 577 19 391 Gross disposable income of households and NPISH -0.3 3.,4 3.8 3.1 4.4 Gross saving rate of households and NPISH (% of Disposable income) 6.8 6.9 7.0 6.6 6.5 Labour productivity per person employed (FTE) -1.3 -0.4 -0.6 -0.1 0.0 Labour cost Compensation of employees 0.2 2.7 3.6 6.0 5.4 Unit labour cost (nominal) -1.2 -0.1 0.8 2.1 2.4 (% change rate, volume) (% - ) change rate (% - ) current prices (% - ) change rate (% - ) change rate (% - ) change rate