| Indicators | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|
| GDP growth (%, yoy) | 2,8 | 2,2 | 1,8 | 1,7 |
| Inflation (%, yoy) | 1,6 | 1,5 | 1,6 | 1,6 |
| Unemployment (%) | 9,0 | 7,1 | 6,3 | 5,9 |
| Public budget balance (% of GDP) | -3,0 | -0,7 | -0,6 | -0,2 |
| Gross public debt (% of GDP) | 124,8 | 121,5 | 119,2 | 116,8 |
| Current account balance (% of GDP) | 0,2 | 0,0 | -0,1 | -0,1 |
Economic forecast for Portugal
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). These forecasts are produced by the Directorate-General for Economic and Financial Affairs (DG ECFIN).