Retail Sales in Portugal
The economy of Portugal recorded an average growth rate of 2.5% in retail sales in the decade to 2022, above the 1.6% average for the Euro Area. In 2022, retail sales growth was -1.8%.
Portugal Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Portugal from 2019 to 2018.
Source: Macrobond.
Portugal Retail Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 3.7 | -5.3 | 5.1 | 5.4 | 1.1 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Portuguese retail projections for the next ten years from a panel of 2 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 retail forecast available for Portuguese retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Portuguese retail projections.
Want to get access to the full dataset of Portuguese retail forecasts? Send an email to info@focus-economics.com.