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Portugal: Recent Economic Developments

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  • International Monetary Fund

Abstract

This paper reviews economic developments in Portugal during 1990–95. Economic activity rebounded weakly in 1994, growing by 1 percent after a fall of 1.2 percent in 1993. The recession in 1993 was deeper, and the recovery in 1994 weaker than that experienced by the European Union as a whole. Thus, real convergence with Europe was interrupted: although Portuguese GDP per capita increased from 51.4 percent of the European Union average in 1985 to 64.8 percent in 1992, it fell back to 64.4 percent by 1994.

Suggested Citation

  • International Monetary Fund, 1995. "Portugal: Recent Economic Developments," IMF Staff Country Reports 1995/124, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1995/124
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