GDP components · Portugal

Portugal Private Consumption YoY

The Portugal Private Consumption YoY is one part of the national accounts of Portugal: what households spend, what businesses invest, what they earn, or how productive workers are.

Importance
Low
Publié
Monthly
Devise
EUR · euro
Banque centrale
The European Central Bank (with the Banco de Portugal)
Influence
EURAUD · EURCAD · EURCHF · EURDKK · EURGBP · EURHKD · EURHUF · EURJPY

Derniers chiffres

La dernière publication, pour FEB, est parue le 2026-03-20 et s’est établie à 3.1%. C’est moins que 3.2% la fois précédente (révisé).

Sur les 12 dernières publications, la valeur est allée de 2.9% à 4.1%, avec une moyenne de 3.2%.

Apr 2025: 4.1%May 2025: 3.4%Jun 2025: 3.4%Jul 2025: 3.2%Aug 2025: 3.1%Sep 2025: 2.9%Oct 2025: 2.9%Nov 2025: 3%Dec 2025: 3%Jan 2026: 3.2%Feb 2026: 3.3%Mar 2026: 3.1% Apr 2025Mar 2026
Résultats réels ; le petit trait sur une barre indique le consensus.
PubliéPourRéelConsensusPrécédent
20 Mar 2026FEB3.1%–3.2% ®
20 Feb 2026JAN3.3%–3.2%
16 Jan 2026DEC3.2%–3.1% ®
19 Dec 2025NOV3%–3%
13 Nov 2025OCT3%–2.9%
17 Oct 2025SEP2.9%–3.0% ®
18 Sep 2025AUG2.9%–3.1%
15 Aug 2025JUL3.1%–3.2%
18 Jul 2025JUN3.2%–3.4%
23 Jun 2025MAY3.4%–3.5% ®
15 May 2025APR3.4%–3.6% ®
17 Apr 2025MAR4.1%–4.1% ®

Voir dans le calendrier économique →

Pourquoi c’est important

GDP's headline hides its drivers. Household spending is usually the largest part of demand; investment is the most cyclical and tells you about firms' confidence; productivity and labour costs decide whether growth can continue without inflation.

Mode de calcul

Statistics Portugal (INE) estimates each component from surveys, tax and trade data, after inflation where noted ("real").

Ce que signifient les variations

  • Strong spending with weak income growth cannot last: watch the savings rate.
  • Productivity growth lets wages rise without pushing up prices; unit labour costs show the opposite.

Supérieur aux attentes : A stronger figure than expected points to a healthier economy: it usually supports the euro and local stocks, and can push bond yields up.

Inférieur aux attentes : A weaker figure than expected points to slowing activity: the euro tends to soften and markets price in lower rates.

Un bref historique

The components follow the expenditure approach to GDP set out by Keynesian economics in the 1930s and standardised in the System of National Accounts.

Questions

What is the Portugal Private Consumption YoY?

The Portugal Private Consumption YoY is one part of the national accounts of Portugal: what households spend, what businesses invest, what they earn, or how productive workers are.

What was the latest Portugal Private Consumption YoY?

3.1% for FEB, published on 20 March 2026.

Contenu éducatif uniquement, pas un conseil en investissement. Les chiffres sont les résultats publiés tels qu’enregistrés par notre calendrier ; les réactions de marché décrites sont typiques, non garanties.