Quarterly national accounts
Gross Domestic Product rose by 1.0% in volume
- 1st Quarter 2006
09 June 2006
The year-on-year change in the Portuguese Gross Domestic Product (GDP) was 1.0%, in real terms, in the first quarter of 2006, accelerating from the previous period (0.8%). The contribution of net external demand to GDP growth remained positive, as a result of the year-on-year growth of exports of goods and services (7.2% in volume), although imports of goods and services have also accelerated (3.0% change). Domestic demand declined by 0.1% from the same quarter of the previous year. Private consumption decelerated and investment, albeit still negative, recovered.