|Unit||Mil. EUR, CDASA|
|Adjustments||Calendar Adjusted and Seasonally Adjusted|
|Source||Instituto Nacional de Estatística - Portugal (Statistics Portugal)|
|Release||Gross Domestic Product|
|Capacity Utilization||2019 Q4||77.4||80.1||%, SA||Quarterly|
|Business Confidence||Oct 2019||106||105.8||Index 1990-2006=100, SA||Monthly|
|Industrial Production||Oct 2019||103.89||100.84||Index 2015=100, WDASA||Monthly|
|Change in Inventories||2019 Q3||501.57||229.8||Mil. EUR, CDASA||Quarterly|
|Real Change in Inventories||2019 Q3||490.87||267.73||Mil Ch. 2016 EUR, CDASA||Quarterly|
Gross domestic product is an important measurement of economic activity for a country. It represents the dollar amount of goods and services produced over a given time frame.
GDP at market prices - the final result of the production activity of resident producer units. Defined three diferent ways as the sum of gross value added of various institutional sectors/industries, the sum of final uses of goods and services by resident institutional units plus exports minus imports of goods and services and the sum of uses in the total economy generation of income account.
Gross value added - (GVA) the balancing item of the production account. Uses output as a resource and intermediate consumption as a use. Valued at basic prices as it does not include taxes less subsides on production.
Gross fixed capital formation - resident producer's acquisitions, less disposals, or fixed assets during a given period plus certain additions to the value of non-produced assets relized by the productive activity of producer or institutional units.
The source uses a volume chain linked procedure for its quarterly national accounts data. This makes data comparable accross multiple years.