Portugal recorded a surplus of 1.9% of gross domestic product (GDP) in national accounts in the second quarter of this year, reversing the trend of the deficit of 5.6% recorded in the same period of 2021. turned around, the National Statistics Institute said.
“If we take the quarterly figures as a reference and not the year ending quarter, the PA balance in the 2nd quarter of 2022 reached 1,104.6 million euros, which corresponds to 1.9% of GDP, which corresponds to – 5.6% in the same period”refers to the INE note.
INE also indicates that, taking into account the first semester, the balance was also positive at 0.8% of GDP, “recording a significant improvement in this indicator, not only compared to the same semesters of 2020 and 2021 , characterized by the Covid-19 pandemic, but also in relation to 2019”.
The deficit recorded in the first three months of the year was 0.4% of GDP.
Source: DN
