Real GDP at Constant National Prices for Portugal
RGDPNAPTA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
329,200.75
Year-over-Year Change
5.26%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Portugal' series measures the inflation-adjusted total economic output of Portugal, a key indicator of the country's economic health and growth trajectory.
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 Portugal's real gross domestic product (GDP) calculated using constant national prices, providing a standardized measure of the country's economic performance over time. It is a widely used metric for assessing Portugal's overall economic conditions and is closely monitored by policymakers, analysts, and investors.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on official national accounts statistics.
Historical Context
This economic indicator is crucial for understanding Portugal's macroeconomic environment and informing policy decisions.
Key Facts
- Portugal's real GDP reached a record high in 2019.
- The COVID-19 pandemic caused a significant decline in Portugal's real GDP in 2020.
- Portugal's real GDP growth rate has fluctuated between -0.1% and 2.2% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the inflation-adjusted total economic output of Portugal, providing a standardized gauge of the country's economic performance and growth.
Q: Why is this trend relevant for users or analysts?
A: Portugal's real GDP is a crucial indicator for understanding the overall health and trajectory of the country's economy, making it important for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on official national accounts statistics from Portugal.
Q: How is this trend used in economic policy?
A: Policymakers in Portugal and abroad closely monitor the country's real GDP growth to inform macroeconomic policies, assess economic conditions, and make informed decisions.
Q: Are there update delays or limitations?
A: There may be occasional delays in data updates due to the time required for national statistical agencies to compile and publish the underlying source data.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Portugal (RGDPNAPTA666NRUG), retrieved from FRED.