Portugal revises 2019 GDP growth to 2.2 pct

Source: Xinhua| 2020-02-29 00:27:06|Editor: yan
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LISBON, Feb. 28 (Xinhua) -- Portuguese National Statistics Institute (INE) on Friday revised the growth of the Portuguese Gross Domestic Product (GDP) in 2019 from 2.0 percent to 2.2 percent.

"In 2019, GDP increased by 2.2 percent in real terms, 0.4 percentage points less than the growth observed in 2018," said the INE, which announced on Feb. 14 that the Portuguese economy recorded a growth of 2.0 percent last year.

"In nominal terms, GDP increased by 3.9 percent (4.3 percent in 2018), reaching 212.3 billion euros," it added.

Regarding the fourth quarter of 2019, INE confirmed that the Portuguese economy grew by 2.2 percent year on year, 0.3 percentage points more than in the previous quarter. (1 euro = 1.1 U.S. dollars)

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