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Economic growth

Is the economy producing more than a year ago? Real GDP, change on the same quarter a year earlier.

  • Euro area
  • Portugal
-20%-10%0%10%20%20182020202220242026Portugal 2.6%
Show the numbers
Euro area
Q2 20261.2%
Q1 20260.6%
Q4 20251.1%
Q3 20251.2%
Q2 20251.4%
Q1 20251.6%
Q4 20241.5%
Q3 20241.2%
Q2 20240.9%
Q1 20240.8%
Q4 20230.2%
Q3 20230.1%
Portugal
Q2 20262.6%
Q1 20262.4%
Q4 20251.9%
Q3 20252.1%
Q2 20251.8%
Q1 20251.8%
Q4 20243.0%
Q3 20242.7%
Q2 20242.6%
Q1 20242.4%
Q4 20232.7%
Q3 20232.6%

What it is

Gross domestic product (GDP) is the value of everything an economy produces. 'Real' means the effect of inflation is taken out, so this measures whether the economy actually produced more, not just at higher prices.

Why it matters

Growth is what makes room for higher wages, profits and tax income. Two quarters in a row of shrinking output is a common rule of thumb for a recession.

What moves it

Household spending, company investment, government spending and exports. Figures come out quarterly and are often revised later.

Where the numbers come from

Eurostat. Updated automatically every day; official figures are sometimes revised after first release. All sources and their terms.