Private Consumption in Portugal
Portugal's economy recorded an average growth rate of 1.7% in private consumption over the decade leading to 2022. This was above the Euro Area's average of 1.0%. In 2022, private consumption growth in Portugal was 5.6%. For more private consumption information, visit our dedicated page.
Portugal Private consumption Chart
Note: This chart displays Private Consumption (annual variation in %) for Portugal from 2022 to 2021.
Source: Macrobond.
Portugal Private consumption Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Private Consumption (ann. var. %) | 3.6 | -6.8 | 5.0 | 5.5 | 1.9 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Portuguese private consumption projections for the next ten years from a panel of 16 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable private consumption forecast available for Portuguese private consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Portuguese private consumption projections.
Want to get access to the full dataset of Portuguese private consumption forecasts? Send an email to info@focus-economics.com.