Domestic Demand in Portugal
Portugal's economy recorded an average growth rate of 1.9% in domestic demand over the decade to 2022, above the Euro Area's average of 1.3%. In 2022, domestic demand growth was 4.4%.
Portugal Demand Chart
Note: This chart displays Domestic Demand (ann. var. %) for Portugal from 2014 to 2023.
Source: Macrobond.
Portugal Demand Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Domestic Demand (ann. var. %) | 3.2 | -5.1 | 5.8 | 4.7 | 1.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Portuguese demand projections for the next ten years from a panel of 11 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 demand forecast available for Portuguese demand.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Portuguese demand projections.
Want to get access to the full dataset of Portuguese demand forecasts? Send an email to info@focus-economics.com.