Portugal’s unemployment rate rose to 8.1% in July from 7.3% in June, according to INE. The long-lasting impact that the coronavirus will have on tourism represents a downside risk and will prevent a sharp recovery in 2021. Portugal grew at a faster pace than the euro zone in 2016-19, but the current public health crisis will drive a substantial contraction in real GDP, of at least 8% in 2020. {"2005":26877261.62, "2006":27266523.30, "2007":27911456.21, "2008":27909083.08, "2009":27097386.69, "2010":27476935.48, "2011":27018395.25, "2012":25930094.29, "2013":25637084.23, "2014":25866023.39, "2015":26337302.33, "2016":26844558.78, "2017":27594864.19, "2018":28168837.37, "2019":28776439.19}[{"1871":7.25, "1872":7.46, "1873":7.77, "1874":7.64, "1875":7.63, "1876":7.45, "1877":7.80, "1878":7.81, "1879":7.82, "1880":7.79, "1881":8.05, "1882":8.31, "1883":8.51, "1884":8.80, "1885":9.04, "1886":9.53, "1887":9.74, "1888":9.85, "1889":9.68, "1890":10.12, "1891":9.94, "1892":9.90, "1893":10.10, "1894":9.97, "1895":10.40, "1896":10.54, "1897":11.15, "1898":11.54, "1899":11.96, "1900":12.56, "1901":12.34, "1902":12.41, "1903":12.59, "1904":12.75, "1905":12.40, "1906":12.48, "1907":12.78, "1908":12.58, "1909":12.58, "1910":12.89, "1911":13.15, "1912":13.37, "1913":13.32, "1914":13.42, "1915":13.12, "1916":13.20, "1917":12.99, "1918":12.33, "1919":12.60, "1920":13.22, "1921":13.97, "1922":15.68, "1923":16.36, "1924":15.75, "1925":16.46, "1926":16.35, "1927":19.22, "1928":17.36, "1929":19.25, "1930":19.01, "1931":19.99, "1932":20.38, "1933":21.76, "1934":22.69, "1935":21.48, "1936":19.85, "1937":23.19, "1938":23.35, "1939":23.66, "1940":22.12, "1941":24.18, "1942":23.85, "1943":25.45, "1944":26.90, "1945":25.87, "1946":27.90, "1947":30.23, "1948":30.14, "1949":30.56, "1950":31.43, "1951":32.84, "1952":32.88, "1953":35.18, "1954":36.86, "1955":38.38, "1956":40.06, "1957":41.83, "1958":42.38, "1959":44.68, "1960":47.39, "1961":50.69, "1962":53.55, "1963":56.64, "1964":59.57, "1965":63.78, "1966":65.84, "1967":70.50, "1968":79.60, "1969":81.88, "1970":87.88, "1971":93.71, "1972":101.22, "1973":112.56, "1974":113.84, "1975":108.89, "1976":116.41, "1977":122.93, "1978":126.39, "1979":133.52, "1980":139.64, "1981":141.90, "1982":144.93, "1983":144.68, "1984":141.96, "1985":145.95, "1986":151.99, "1987":161.69, "1988":173.80, "1989":184.99, "1990":192.30, "1991":200.70, "1992":202.89, "1993":198.74, "1994":200.66, "1995":209.53, "1996":217.26, "1997":226.83, "1998":238.49, "1999":248.20, "2000":257.92, "2001":263.01, "2002":265.02, "2003":262.61, "2004":266.71, "2005":268.77, "2006":272.67, "2007":279.11, "2008":279.09, "2009":270.97, "2010":274.77, "2011":270.18, "2012":259.30, "2013":256.37, "2014":258.66, "2015":263.37, "2016":268.45, "2017":275.95, "2018":281.69, "2019":287.76}]{"1971":6.6, "1972":8.0, "1973":11.2, "1974":1.1, "1975":-4.3, "1976":6.9, "1977":5.6, "1978":2.8, "1979":5.6, "1980":4.6, "1981":1.6, "1982":2.1, "1983":-0.2, "1984":-1.9, "1985":2.8, "1986":4.1, "1987":6.4, "1988":7.5, "1989":6.4, "1990":4.0, "1991":4.4, "1992":1.1, "1993":-2.0, "1994":1.0, "1995":4.4, "1996":3.7, "1997":4.4, "1998":5.1, "1999":4.1, "2000":3.9, "2001":2.0, "2002":0.8, "2003":-0.9, "2004":1.6, "2005":0.8, "2006":1.4, "2007":2.4, "2008":0.0, "2009":-2.9, "2010":1.4, "2011":-1.7, "2012":-4.0, "2013":-1.1, "2014":0.9, "2015":1.8, "2016":1.9, "2017":2.8, "2018":2.1, "2019":2.2} Portugal's economy contracted a record 13.9% in the second quarter of 2020 from the previous three-month period due to the impact of the coronavirus pandemic … The Commission publishes a full set of macroeconomic forecasts for the EU and its Member States in spring (May) and autumn (November) and publishes interim forecasts updating GDP and inflation figures in winter (February) and summer (July). It was the sector worst affected by the pandemic. Accordingly, GDP contracted 16.3% on an annual basis, also the worst … Missing data, out of date base years, disputed population data and the size of the unrecorded informal economy means that international rankings of countries in terms of GDP and GDP per capita are meaningless.The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity.The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP.
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