Leading Indicators OECD: Reference Series: Gross Domestic Product: Original Series for Portugal
LORSGPORPTQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.30
Year-over-Year Change
3.22%
Date Range
1/1/1960 - 7/1/2022
Summary
The Leading Indicators OECD: Reference Series: Gross Domestic Product: Original Series for Portugal measures the overall economic activity in Portugal. This broad indicator is closely watched by economists and policymakers to assess the country's macroeconomic performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the gross domestic product (GDP) of Portugal, which is the total value of all goods and services produced within the country. It is a key measure of economic health and the basis for many policy decisions.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) based on official government sources.
Historical Context
Tracking this leading economic indicator helps analysts and policymakers understand broader trends in the Portuguese economy.
Key Facts
- Portugal's GDP was €239 billion in 2021.
- The GDP growth rate in Portugal was 4.9% in 2021.
- Portugal's economy is heavily influenced by tourism and exports.
FAQs
Q: What does this economic trend measure?
A: This series measures the gross domestic product (GDP) of Portugal, which is the total value of all goods and services produced within the country.
Q: Why is this trend relevant for users or analysts?
A: Tracking this leading economic indicator helps analysts and policymakers understand broader trends in the Portuguese economy and assess its overall macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) based on official government sources.
Q: How is this trend used in economic policy?
A: Policymakers and institutions use this GDP data to inform economic and fiscal policy decisions that impact the Portuguese market and broader European economy.
Q: Are there update delays or limitations?
A: The OECD publishes this GDP data on a quarterly basis, with a typical update delay of 2-3 months.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Portugal
PRTCPHPSE01IXOBM
Infra-Annual Labor Statistics: Inactivity Rate Male: From 15 to 64 Years for Portugal
LRIN64MAPTA156N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Portugal
PRTCP040400GYM
Business Tendency Surveys: Order Books: Economic Activity: Construction: Current for Portugal
BCOBLV02PTM460S
Consumer Price Index: All Items: Total for Portugal
PRTCPALTT01IXNBM
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for Portugal
LFIN55MAPTA647N
Citation
U.S. Federal Reserve, Leading Indicators OECD: Reference Series: Gross Domestic Product: Original Series for Portugal (LORSGPORPTQ661S), retrieved from FRED.