World Economic Outlook Database, October 2019

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       Shaded cells indicate IMF staff estimates
CountrySubject DescriptorUnitsScaleCountry/Series-specific Notes1980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
PortugalGross domestic product, constant pricesNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2016
Chain-weighted: Yes, from 1980
Primary domestic currency: Euro
Data last updated: 09/201991.21794.43096.47397.41096.39597.973101.225108.951114.769122.400132.020136.469140.740139.773141.854145.127150.213156.824164.364170.785177.302180.748182.142180.447183.675185.111188.119192.834193.450187.410190.667187.433179.828178.169179.580182.798186.490193.029197.741201.525204.749207.821210.938
PortugalGross domestic product, constant pricesPercent change See notes for: 
Gross domestic product, constant prices (National currency).6.7253.5232.1630.972-1.0421.6363.3207.6325.3406.6497.8593.3703.130-0.6871.4892.3073.5044.4014.8083.9073.8161.9440.771-0.9311.7890.7821.6252.5070.319-3.1221.738-1.696-4.057-0.9230.7921.7922.0193.5062.4411.9131.6001.5001.500
PortugalGross domestic product, current pricesNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2016
Chain-weighted: Yes, from 1980
Primary domestic currency: Euro
Data last updated: 09/20198.1379.92412.00015.33218.82723.11228.24533.28039.72546.93156.35164.61672.64475.97382.37189.02994.352102.331111.353119.603128.414135.775142.554146.068152.248158.553166.260175.483179.103175.417179.611176.096168.296170.492173.054179.713186.490195.947203.896210.499217.075223.636230.623
PortugalGross domestic product, current pricesU.S. dollarsBillionsSee notes for: 
Gross domestic product, current prices (National currency).32.60732.47730.67828.26725.95127.23137.86947.38755.43559.80679.43989.904108.11995.13999.692118.182122.654117.211124.124127.597118.658121.605134.700165.185189.296197.363208.767240.524263.388244.402238.308245.075216.361226.437229.961199.414206.369221.280240.901236.408243.229252.996262.862
PortugalGross domestic product, current pricesPurchasing power parity; international dollarsBillionsSee notes for: 
Gross domestic product, current prices (National currency).58.83466.66972.32075.88277.80181.57585.98094.831103.418114.619128.254137.060144.571146.979152.353159.137167.729178.131188.796199.005211.217220.045225.249227.297237.591246.907258.513272.112278.290271.657279.598280.597274.376276.614283.965292.063301.047317.471333.145345.572358.070370.943384.056
PortugalGross domestic product, deflatorIndex See notes for: 
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).8.92010.50912.43815.73919.53123.59027.90330.54634.61338.34342.68447.34951.61654.35558.06861.34562.81265.25267.74870.03272.42775.11878.26680.94882.89085.65388.38191.00292.58493.60094.20293.95293.58795.69196.36698.312100.000101.512103.113104.453106.020107.610109.332
PortugalGross domestic product per capita, constant pricesNational currencyUnitsSee notes for: 
Gross domestic product, constant prices (National currency)
Population (Persons).9,339.9349,585.4609,733.1369,782.2239,643.1499,774.17810,089.48810,862.46711,454.42212,233.82313,224.12413,701.30114,141.15614,026.79314,197.41714,474.79614,925.91315,513.27516,177.21116,714.43017,230.69217,442.19217,480.68117,253.10717,519.67317,624.03217,878.08718,290.24018,322.22317,733.38918,033.17917,753.32517,102.35117,037.73417,265.48217,647.85018,061.08218,740.10519,238.33219,632.45419,976.78120,312.44820,659.363
PortugalGross domestic product per capita, constant pricesPurchasing power parity; 2011 international dollarUnitsSee notes for: 
Gross domestic product, constant prices (National currency)
Population (Persons).13,982.41914,349.98514,571.06414,644.55014,436.34914,632.50715,104.54416,261.73717,147.92918,314.73719,797.27420,511.63621,170.12420,998.91621,254.35021,669.60222,344.95123,224.26524,218.21625,022.46325,795.33726,111.96426,169.58425,828.89426,227.95826,384.19026,764.52527,381.54127,429.42226,547.90326,996.70626,577.74825,603.20325,506.46825,847.41926,419.84727,038.47828,055.01528,800.89029,390.91329,906.39030,408.90330,928.255
PortugalGross domestic product per capita, current pricesNational currencyUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).833.1641,007.3261,210.6531,539.6361,883.3952,305.7502,815.2893,318.0293,964.6904,690.7635,644.5306,487.3767,299.1047,624.2018,244.1028,879.5959,375.24210,122.76210,959.76511,705.38712,479.65513,102.28013,681.36013,966.02914,522.09615,095.51315,800.76616,644.53216,963.38416,598.52216,987.52516,679.55816,005.59216,303.66316,638.01917,350.00618,061.09119,023.45619,837.14520,506.70121,179.38421,858.28722,587.309
PortugalGross domestic product per capita, current pricesU.S. dollarsUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).3,338.7643,296.6543,095.0962,838.6552,596.0752,716.6453,774.5824,724.4515,532.6205,977.5777,957.2449,026.30110,863.4879,547.6439,977.61511,787.31512,187.56911,594.76612,216.68912,487.71211,531.45811,734.86912,927.59315,793.86318,055.86918,790.56119,840.47422,813.65424,946.25623,126.18822,539.03823,213.11320,576.82521,653.50522,109.31819,252.00519,986.36221,482.85623,437.39023,030.78623,731.12724,727.89225,744.800
PortugalGross domestic product per capita, current pricesPurchasing power parity; international dollarsUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).6,024.1856,767.4767,296.3227,620.3127,783.0418,138.3048,569.9659,454.73210,321.56611,456.10712,846.90013,760.64514,526.08714,749.99015,248.19315,872.07016,666.42417,620.98618,581.95919,476.26220,526.63121,234.29421,617.83921,732.61722,662.50523,507.57224,568.12825,809.73726,357.73125,705.14826,444.29626,577.74826,094.30026,451.78427,301.46728,196.62729,155.67130,821.52332,411.84633,665.44834,935.82136,256.04837,614.684
PortugalOutput gap in percent of potential GDPPercent of potential GDP See notes for: 
Gross domestic product, constant prices (National currency).5.6105.0583.8031.388-3.017-4.871-5.332-2.029-0.8651.5595.3254.8654.3690.212-1.540-2.387-1.558--1.9042.9774.0983.5752.220-0.475-0.134-0.647-0.1921.2640.712-2.982-1.579-3.406-7.227-7.799-6.833-5.141-3.577-0.9540.0630.3720.372n/an/a
PortugalGross domestic product based on purchasing-power-parity (PPP) share of world totalPercent See notes for: 
Gross domestic product, current prices (National currency).0.4430.4510.4600.4530.4290.4210.4200.4360.4390.4520.4680.4730.4380.4260.4200.4150.4140.4150.4230.4250.4210.4190.4110.3910.3780.3630.3510.3410.3320.3230.3120.2950.2740.2630.2560.2520.2490.2490.2460.2440.2390.2350.230
PortugalImplied PPP conversion rateNational currency per current international dollar See notes for: 
Gross domestic product, current prices (National currency).0.1380.1490.1660.2020.2420.2830.3290.3510.3840.4090.4390.4710.5020.5170.5410.5590.5630.5740.5900.6010.6080.6170.6330.6430.6410.6420.6430.6450.6440.6460.6420.6280.6130.6160.6090.6150.6190.6170.6120.6090.6060.6030.600
PortugalTotal investmentPercent of GDP Source: National Statistics Office
Latest actual data: 2018
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2016
Chain-weighted: Yes, from 1980
Primary domestic currency: Euro
Data last updated: 09/201936.43938.19738.27632.55427.26125.95025.51130.02031.72429.86230.43327.17027.24023.94724.70824.19324.40826.52428.31729.02828.77728.15825.90423.11523.82423.35922.92623.10023.58020.84321.12618.59815.70214.63215.31715.85515.83317.22718.13418.59018.94018.99719.122
PortugalGross national savingsPercent of GDP Source: National Statistics Office
Latest actual data: 2018
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2016
Chain-weighted: Yes, from 1980
Primary domestic currency: Euro
Data last updated: 09/201930.63420.98424.78624.32922.84925.43926.73028.75227.48827.92527.97424.39525.10122.46220.70520.26819.56519.85720.33420.26017.92518.06317.29416.45515.59813.58312.91013.36711.39610.99710.70013.39713.85415.46015.02415.12516.00417.64717.24117.64317.86317.81817.519
PortugalInflation, average consumer pricesIndex Source: National Statistics Office
Latest actual data: 2018
Harmonized prices: Yes
Frequency of source data: Monthly
Base year: 2015
Primary domestic currency: Euro
Data last updated: 09/20199.44711.44514.04717.57322.72227.11630.27933.12636.29940.87746.34351.63956.21559.54962.50964.99066.89868.16369.67371.18473.18176.40879.23681.80183.85485.64088.24890.38692.78391.94593.22496.53899.21899.65499.495100.000100.636102.202103.395104.322105.614107.022108.520
PortugalInflation, average consumer pricesPercent change See notes for: 
Inflation, average consumer prices (Index).5.86221.15222.73025.10629.30019.33511.6669.4029.58012.61113.37011.4288.8635.9304.9713.9692.9361.8902.2152.1702.8054.4103.7013.2372.5102.1303.0462.4222.652-0.9031.3913.5542.7760.440-0.1600.5080.6361.5561.1680.8971.2381.3331.400
PortugalInflation, end of period consumer pricesIndex Source: National Statistics Office
Latest actual data: 2018
Harmonized prices: Yes
Frequency of source data: Monthly
Base year: 2015
Primary domestic currency: Euro
Data last updated: 09/201910.08812.65015.05220.09624.42028.50331.46534.26838.35142.75548.75953.30557.59560.99863.36165.51067.37068.77070.71071.91074.66077.58080.70082.54084.66086.81089.00091.44092.21092.08094.33097.63099.67099.84099.57099.860100.740102.370103.020107.445104.081109.553107.651
PortugalInflation, end of period consumer pricesPercent change See notes for: 
Inflation, end of period consumer prices (Index).13.16325.39718.98733.51121.51416.72110.3938.90611.91611.48214.0459.3238.0485.9083.8733.3922.8392.0782.8211.6973.8243.9114.0222.2802.5682.5402.5232.7420.842-0.1412.4443.4982.0900.171-0.2700.2910.8811.6180.6354.295-3.1315.258-1.736
PortugalVolume of imports of goods and servicesPercent change Source: Central Bank
Latest actual data: 2018
Base year: 2005
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: No
Trade System: General trade
Excluded items in trade: None
Oil coverage: Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Euro
Data last updated: 09/2019--6.5855.872-6.485-2.0734.63418.84827.40221.6428.49616.1218.36310.993-1.53410.5659.4365.1523.85721.9962.213-6.9533.4783.87210.7108.902-3.4223.7279.2095.352-15.818-2.414-3.566-12.4738.3837.8537.9754.6548.1045.4195.9245.5484.5214.134
PortugalVolume of Imports of goodsPercent change Source: Central Bank
Latest actual data: 2018
Base year: 2005
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: No
Trade System: General trade
Excluded items in trade: None
Oil coverage: Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Euro
Data last updated: 09/201912.1005.8005.900-7.400-2.1002.80018.50027.60022.4008.30015.6007.20013.500-5.80011.3009.7008.4004.84522.2363.379-6.6344.0403.43310.7829.384-3.6232.9738.7475.457-18.034-1.774-4.158-12.3548.0826.8277.6483.8018.2815.6895.8005.2454.5004.100
PortugalVolume of exports of goods and servicesPercent change Source: Central Bank
Latest actual data: 2018
Base year: 2005
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: No
Trade System: General trade
Excluded items in trade: None
Oil coverage: Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Euro
Data last updated: 09/2019---0.5924.83320.79614.3408.3197.97910.1358.63218.69712.9760.4515.4451.30410.46513.5885.7111.24616.068-0.566-4.3914.3879.54415.9657.133-4.32910.44313.9722.125-15.1560.70410.565-3.63513.2844.8916.1284.0537.9713.6503.9883.9783.8053.629
PortugalVolume of exports of goodsPercent change Source: Central Bank
Latest actual data: 2018
Base year: 2005
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: No
Trade System: General trade
Excluded items in trade: None
Oil coverage: Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Euro
Data last updated: 09/20197.600-2.10010.80021.00014.70010.5008.40011.20010.20019.80012.0001.1007.500-2.20013.20012.90012.7001.31213.4210.278-4.7913.8589.54316.8486.119-4.5279.26011.5631.155-18.3023.99311.342-3.39811.5373.5094.8012.0226.1373.5594.5004.0953.7003.500
PortugalUnemployment ratePercent of total labor force Source: National Statistics Office
Latest actual data: 2018
Employment type: Harmonized ILO definition
Primary domestic currency: Euro
Data last updated: 09/20197.8248.2907.4577.94510.5038.6748.6037.1267.0695.0594.2254.1383.8605.1276.3407.1517.2516.7414.9374.3813.9254.0094.9956.2646.6237.5827.6477.9647.5529.43210.77012.67715.52616.18313.89412.44411.0668.8676.9946.1055.5755.3735.275
PortugalEmploymentPersonsMillionsSource: National Statistics Office
Latest actual data: 2018
Employment type: Harmonized ILO definition
Primary domestic currency: Euro
Data last updated: 09/20194.1854.2494.3754.4424.2754.3664.3734.4894.6054.7084.8164.9604.6504.5584.5554.5254.6054.7314.8644.9425.0575.1445.1605.1095.0785.0635.0955.1085.1324.9844.9144.8024.6094.4854.5514.6054.6734.8304.9405.0055.056n/an/a
PortugalPopulationPersonsMillionsSource: National Statistics Office
Latest actual data: 2018
Primary domestic currency: Euro
Data last updated: 09/20199.7669.8519.9129.9589.99610.02410.03310.03010.02010.0059.9839.9609.9539.9659.99210.02610.06410.10910.16010.21810.29010.36310.42010.45910.48410.50310.52210.54310.55810.56810.57310.55810.51510.45710.40110.35810.32610.30010.27910.26510.24910.23110.210
PortugalGeneral government revenueNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018. General government statistics in 2017 are provisional and will be updated after the actual data are published.
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable.
Fiscal assumptions: The projections for the current year are based on the authorities' approved budget, adjusted to reflect the IMF staff's macroeconomic forecast. Projections thereafter are based on the assumption of unchanged policies.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2019n/an/an/an/an/an/a11.91912.39915.03917.82019.91524.56131.25429.18929.15433.34136.24239.65742.67447.28450.65353.41457.59259.78060.75064.22768.01972.78074.35770.91373.13775.10672.19076.78777.19678.75179.89083.11087.71490.86393.93897.872100.066
PortugalGeneral government revenuePercent of GDP See notes for: 
General government revenue (National currency).n/an/an/an/an/an/a42.20037.25737.85937.97035.34138.01043.02438.42135.39337.45038.41238.75438.32339.53439.44539.34040.40040.92639.90240.50840.91141.47441.51640.42540.72042.65142.89445.03844.60843.82042.83942.41443.01943.16643.27443.76443.389
PortugalGeneral government total expenditureNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018. General government statistics in 2017 are provisional and will be updated after the actual data are published.
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable.
Fiscal assumptions: The projections for the current year are based on the authorities' approved budget, adjusted to reflect the IMF staff's macroeconomic forecast. Projections thereafter are based on the assumption of unchanged policies.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2019n/an/an/an/an/an/a14.85515.25616.79319.49923.81529.75335.10935.39335.30538.00740.72343.45047.43350.85755.01759.90962.99566.18470.05374.09175.05878.12481.09388.11693.23788.11281.71985.03289.51786.48583.56488.87688.62791.38893.68896.10598.740
PortugalGeneral government total expenditurePercent of GDP See notes for: 
General government total expenditure (National currency).n/an/an/an/an/an/a52.59245.84142.27241.54742.26246.04648.32946.58742.86042.69143.16142.46142.59742.52142.84344.12444.19045.31046.01246.73045.14544.51945.27750.23351.91150.03648.55749.87551.72848.12444.80945.35743.46743.41543.15942.97442.814
PortugalGeneral government net lending/borrowingNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018. General government statistics in 2017 are provisional and will be updated after the actual data are published.
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable.
Fiscal assumptions: The projections for the current year are based on the authorities' approved budget, adjusted to reflect the IMF staff's macroeconomic forecast. Projections thereafter are based on the assumption of unchanged policies.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2019n/an/an/an/an/an/a-2.935-2.857-1.753-1.679-3.900-5.193-3.854-6.204-6.151-4.667-4.481-3.793-4.759-3.573-4.363-6.495-5.402-6.403-9.303-9.864-7.039-5.344-6.736-17.204-20.100-13.006-9.529-8.245-12.321-7.734-3.674-5.766-0.913-0.5250.2501.7661.326
PortugalGeneral government net lending/borrowingPercent of GDP See notes for: 
General government net lending/borrowing (National currency).n/an/an/an/an/an/a-10.392-8.585-4.413-3.577-6.922-8.036-5.306-8.166-7.468-5.242-4.750-3.707-4.274-2.987-3.398-4.784-3.790-4.384-6.110-6.221-4.233-3.045-3.761-9.807-11.191-7.386-5.662-4.836-7.120-4.303-1.970-2.943-0.448-0.2490.1150.7900.575
PortugalGeneral government structural balanceNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018. General government statistics in 2017 are provisional and will be updated after the actual data are published.
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable.
Fiscal assumptions: The projections for the current year are based on the authorities' approved budget, adjusted to reflect the IMF staff's macroeconomic forecast. Projections thereafter are based on the assumption of unchanged policies.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2019n/an/an/an/an/an/a-2.163-2.381-1.368-1.657-4.680-5.956-4.560-5.757-5.142-3.293-4.103-3.259-4.037-3.602-5.185-6.569-8.593-9.349-12.264-9.202-6.896-6.530-9.164-14.368-13.939-9.801-3.275-1.7740.629-0.782-0.988-0.924-0.1820.3930.6171.1801.944
PortugalGeneral government structural balancePercent of potential GDP See notes for: 
General government structural balance (National currency).n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a-3.610-4.281-3.184-3.694-3.101-4.203-5.011-6.162-6.370-8.045-5.766-4.140-3.768-5.153-7.946-7.638-5.376-1.805-0.9590.338-0.413-0.511-0.467-0.0890.1880.2860.5290.846
PortugalGeneral government primary net lending/borrowingNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018. General government statistics in 2017 are provisional and will be updated after the actual data are published.
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable.
Fiscal assumptions: The projections for the current year are based on the authorities' approved budget, adjusted to reflect the IMF staff's macroeconomic forecast. Projections thereafter are based on the assumption of unchanged policies.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2019n/an/an/an/an/an/a-0.025-0.0761.0561.3270.8290.4442.447-0.620-1.220-0.605-0.547-0.367-1.735-0.491-1.121-3.097-1.797-2.954-5.847-6.252-2.904-0.817-1.887-12.462-15.232-6.273-2.320-1.105-4.752-0.0773.6361.3535.7586.1416.9248.0867.016
PortugalGeneral government primary net lending/borrowingPercent of GDP See notes for: 
General government primary net lending/borrowing (National currency).n/an/an/an/an/an/a-0.087-0.2282.6592.8281.4710.6873.368-0.816-1.481-0.679-0.580-0.359-1.558-0.410-0.873-2.281-1.261-2.022-3.840-3.943-1.747-0.466-1.053-7.104-8.480-3.562-1.379-0.648-2.746-0.0431.9490.6902.8242.9183.1903.6163.042
PortugalGeneral government net debtNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018. General government statistics in 2017 are provisional and will be updated after the actual data are published.
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable.
Fiscal assumptions: The projections for the current year are based on the authorities' approved budget, adjusted to reflect the IMF staff's macroeconomic forecast. Projections thereafter are based on the assumption of unchanged policies.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2019n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a41.82247.71647.31847.56849.71853.28560.25066.04573.00281.59792.24198.800106.237114.720133.417147.674181.292194.794201.628208.459218.270223.881228.330232.731235.956235.206235.439234.114
PortugalGeneral government net debtPercent of GDP See notes for: 
General government net debt (National currency).n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a46.97650.57346.24042.71841.56941.49544.37546.33049.97853.59558.17759.42560.54064.05376.05782.219102.951115.745118.262120.459121.455120.050116.526114.142112.094108.352105.278101.514
PortugalGeneral government gross debtNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018. General government statistics in 2017 are provisional and will be updated after the actual data are published.
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable.
Fiscal assumptions: The projections for the current year are based on the authorities' approved budget, adjusted to reflect the IMF staff's macroeconomic forecast. Projections thereafter are based on the assumption of unchanged policies.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2019n/an/an/an/an/an/an/an/an/an/a31.80138.70839.55540.75246.64751.91356.14956.48557.72861.07564.64072.55480.13485.72694.454106.919115.002120.088128.191146.691162.884196.231212.556219.715226.029231.541240.958242.805244.931247.451249.200244.433242.108
PortugalGeneral government gross debtPercent of GDP See notes for: 
General government gross debt (National currency).n/an/an/an/an/an/an/an/an/an/a56.43459.90454.45053.64056.63058.31059.51055.19851.84251.06550.33753.43756.21358.68962.03967.43469.17068.43371.57483.62590.687111.434126.299128.871130.612128.839129.207123.914120.125117.554114.799109.300104.980
PortugalGross domestic product corresponding to fiscal year, current pricesNational currencyBillionsSource: National Statistics Office
Latest actual data: 2018. General government statistics in 2017 are provisional and will be updated after the actual data are published.
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable.
Fiscal assumptions: The projections for the current year are based on the authorities' approved budget, adjusted to reflect the IMF staff's macroeconomic forecast. Projections thereafter are based on the assumption of unchanged policies.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/20198.1379.92412.00015.33218.82723.11228.24533.28039.72546.93156.35164.61672.64475.97382.37189.02994.352102.331111.353119.603128.414135.775142.554146.068152.248158.553166.260175.483179.103175.417179.611176.096168.296170.492173.054179.713186.490195.947203.896210.499217.075223.636230.623
PortugalCurrent account balanceU.S. dollarsBillionsSource: Central Bank
Latest actual data: 2018
BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6)
Primary domestic currency: Euro
Data last updated: 09/2019-1.064-4.686-3.258-1.632-0.6230.3801.1660.435-1.0660.153-0.181-0.716-0.1840.233-2.196-0.132-5.478-7.151-9.364-11.303-12.823-12.695-11.435-11.848-15.779-19.517-22.279-23.420-31.897-25.476-24.230-14.715-3.8793.5710.1870.2321.2180.993-1.454-1.400-1.734-1.844-2.877
PortugalCurrent account balancePercent of GDP See notes for: 
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).-3.263-14.428-10.621-5.775-2.4011.3953.0780.918-1.9230.256-0.228-0.797-0.1700.245-2.203-0.112-4.466-6.101-7.544-8.858-10.806-10.439-8.489-7.173-8.336-9.889-10.672-9.737-12.110-10.424-10.168-6.004-1.7931.5770.0810.1160.5900.449-0.604-0.592-0.713-0.729-1.094
Notes
  Country/Series-specific Notes  
  Portugal: Gross domestic product, constant prices (National currency)
Source: National Statistics Office
Latest actual data: 2018
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2016
Chain-weighted: Yes, from 1980
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: Gross domestic product, constant prices (Percent change)
See notes for:
Gross domestic product, constant prices (National currency).


Portugal: Gross domestic product, current prices (National currency)
Source: National Statistics Office
Latest actual data: 2018
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2016
Chain-weighted: Yes, from 1980
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: Gross domestic product, current prices (U.S. dollars)
See notes for:
Gross domestic product, current prices (National currency).


Portugal: Gross domestic product, current prices (Purchasing power parity; international dollars)
See notes for:
Gross domestic product, current prices (National currency).


Portugal: Gross domestic product, deflator (Index)
See notes for:
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).


Portugal: Gross domestic product per capita, constant prices (National currency)
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).


Portugal: Gross domestic product per capita, constant prices (Purchasing power parity; 2011 international dollar)
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).


Portugal: Gross domestic product per capita, current prices (National currency)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


Portugal: Gross domestic product per capita, current prices (U.S. dollars)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


Portugal: Gross domestic product per capita, current prices (Purchasing power parity; international dollars)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


Portugal: Output gap in percent of potential GDP (Percent of potential GDP)
See notes for:
Gross domestic product, constant prices (National currency).


Portugal: Gross domestic product based on purchasing-power-parity (PPP) share of world total (Percent)
See notes for:
Gross domestic product, current prices (National currency).


Portugal: Implied PPP conversion rate (National currency per current international dollar)
See notes for:
Gross domestic product, current prices (National currency).


Portugal: Total investment (Percent of GDP)
Source: National Statistics Office
Latest actual data: 2018
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2016
Chain-weighted: Yes, from 1980
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: Gross national savings (Percent of GDP)
Source: National Statistics Office
Latest actual data: 2018
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2016
Chain-weighted: Yes, from 1980
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: Inflation, average consumer prices (Index)
Source: National Statistics Office
Latest actual data: 2018
Harmonized prices: Yes
Frequency of source data: Monthly
Base year: 2015
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: Inflation, average consumer prices (Percent change)
See notes for:
Inflation, average consumer prices (Index).


Portugal: Inflation, end of period consumer prices (Index)
Source: National Statistics Office
Latest actual data: 2018
Harmonized prices: Yes
Frequency of source data: Monthly
Base year: 2015
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: Inflation, end of period consumer prices (Percent change)
See notes for:
Inflation, end of period consumer prices (Index).


Portugal: Volume of imports of goods and services (Percent change)
Source: Central Bank
Latest actual data: 2018
Base year: 2005
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: No
Trade System: General trade
Excluded items in trade: None
Oil coverage: Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: Volume of Imports of goods (Percent change)
Source: Central Bank
Latest actual data: 2018
Base year: 2005
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: No
Trade System: General trade
Excluded items in trade: None
Oil coverage: Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: Volume of exports of goods and services (Percent change)
Source: Central Bank
Latest actual data: 2018
Base year: 2005
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: No
Trade System: General trade
Excluded items in trade: None
Oil coverage: Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: Volume of exports of goods (Percent change)
Source: Central Bank
Latest actual data: 2018
Base year: 2005
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: No
Trade System: General trade
Excluded items in trade: None
Oil coverage: Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: Unemployment rate (Percent of total labor force)
Source: National Statistics Office
Latest actual data: 2018
Employment type: Harmonized ILO definition
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: Employment (Persons)
Source: National Statistics Office
Latest actual data: 2018
Employment type: Harmonized ILO definition
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: Population (Persons)
Source: National Statistics Office
Latest actual data: 2018
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: General government revenue (National currency)
Source: National Statistics Office
Latest actual data: 2018. General government statistics in 2017 are provisional and will be updated after the actual data are published.
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable.
Fiscal assumptions: The projections for the current year are based on the authorities' approved budget, adjusted to reflect the IMF staff's macroeconomic forecast. Projections thereafter are based on the assumption of unchanged policies.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: General government revenue (Percent of GDP)
See notes for:
General government revenue (National currency).


Portugal: General government total expenditure (National currency)
Source: National Statistics Office
Latest actual data: 2018. General government statistics in 2017 are provisional and will be updated after the actual data are published.
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable.
Fiscal assumptions: The projections for the current year are based on the authorities' approved budget, adjusted to reflect the IMF staff's macroeconomic forecast. Projections thereafter are based on the assumption of unchanged policies.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: General government total expenditure (Percent of GDP)
See notes for:
General government total expenditure (National currency).


Portugal: General government net lending/borrowing (National currency)
Source: National Statistics Office
Latest actual data: 2018. General government statistics in 2017 are provisional and will be updated after the actual data are published.
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable.
Fiscal assumptions: The projections for the current year are based on the authorities' approved budget, adjusted to reflect the IMF staff's macroeconomic forecast. Projections thereafter are based on the assumption of unchanged policies.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: General government net lending/borrowing (Percent of GDP)
See notes for:
General government net lending/borrowing (National currency).


Portugal: General government structural balance (National currency)
Source: National Statistics Office
Latest actual data: 2018. General government statistics in 2017 are provisional and will be updated after the actual data are published.
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable.
Fiscal assumptions: The projections for the current year are based on the authorities' approved budget, adjusted to reflect the IMF staff's macroeconomic forecast. Projections thereafter are based on the assumption of unchanged policies.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: General government structural balance (Percent of potential GDP)
See notes for:
General government structural balance (National currency).


Portugal: General government primary net lending/borrowing (National currency)
Source: National Statistics Office
Latest actual data: 2018. General government statistics in 2017 are provisional and will be updated after the actual data are published.
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable.
Fiscal assumptions: The projections for the current year are based on the authorities' approved budget, adjusted to reflect the IMF staff's macroeconomic forecast. Projections thereafter are based on the assumption of unchanged policies.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: General government primary net lending/borrowing (Percent of GDP)
See notes for:
General government primary net lending/borrowing (National currency).


Portugal: General government net debt (National currency)
Source: National Statistics Office
Latest actual data: 2018. General government statistics in 2017 are provisional and will be updated after the actual data are published.
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable.
Fiscal assumptions: The projections for the current year are based on the authorities' approved budget, adjusted to reflect the IMF staff's macroeconomic forecast. Projections thereafter are based on the assumption of unchanged policies.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: General government net debt (Percent of GDP)
See notes for:
General government net debt (National currency).


Portugal: General government gross debt (National currency)
Source: National Statistics Office
Latest actual data: 2018. General government statistics in 2017 are provisional and will be updated after the actual data are published.
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable.
Fiscal assumptions: The projections for the current year are based on the authorities' approved budget, adjusted to reflect the IMF staff's macroeconomic forecast. Projections thereafter are based on the assumption of unchanged policies.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: General government gross debt (Percent of GDP)
See notes for:
General government gross debt (National currency).


Portugal: Gross domestic product corresponding to fiscal year, current prices (National currency)
Source: National Statistics Office
Latest actual data: 2018. General government statistics in 2017 are provisional and will be updated after the actual data are published.
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable.
Fiscal assumptions: The projections for the current year are based on the authorities' approved budget, adjusted to reflect the IMF staff's macroeconomic forecast. Projections thereafter are based on the assumption of unchanged policies.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds; Other;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: Current account balance (U.S. dollars)
Source: Central Bank
Latest actual data: 2018
BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6)
Primary domestic currency: Euro
Data last updated: 09/2019


Portugal: Current account balance (Percent of GDP)
See notes for:
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).


 
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