During the fourth quarter of 2019, Portugal's GDP increased into a year-over-year growth rate of 2.24%. With regard to the labor market, the unemployment rate increased during the quarter to 6.63%, while the year-over-year growth rate of employment reduced its growth rate with respect to the previous quarter, down to 0.26%. The euro remained constant against the dollar, with an exchange rate of 1.11 $/€. Lastly, inflation stood at 0.25%.
© GMS Management Solutions, S.L., 2020. All rights reserved. The information contained on this publication is of a general nature and does not constitute a professional opinion or an advisory service. The data used in this publication come from public sources. GMS Management Solutions, SL assumes no liability for the veracity or accuracy of such data.