According to data released by the National Statistical Institute of Portugal, Portugal’s GDP grew 0.6% in chain and 0.8% in the same period of 2013, “according to the flash estimate of the Quarterly National Accounts”.
The institute also reported that the increase in exports of goods and services is the main reason behind this growth in real terms. In addition, domestic demand contributed positively, with less intensity, with this variation, reflected in the evolution of the investment. However, imports fell and exports slowed.
These results, when compared with those of the euro area, point to a revitalization of the Portuguese economy, because the Eurozone suffered a stagnation resulting from the slowdown in France, Italy and Germany. As for the European Union, the set managed to grow just 0.2%.
[photo credit: Linus Bohman]
