During the third quarter of 2019, Portugal's GDP remained constant in to a year-over-year growth rate of 1.90%. With regard to the labor market, the unemployment rate was reduced during the quarter to 6.47%, while the year-over-year growth rate of employment reduced its growth rate with respect to the previous quarter, to 0.71%. The euro depreciated against the dollar, with an exchange rate of 1.11 $/€. Lastly, inflation stood at -0.17%.
© 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.