Name: Portugal Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

Portugal's GDP grew by 1.9% in 2024, following a 2.6% increase in 2023. Domestic demand made a positive contribution to GDP growth, outpacing the previous year, driven by a stronger increase in final consumption, while investment slowed down. Net external demand turned negative in 2024, after contributing positively in the last two years. source: Statistics Portugal

Full Year GDP Growth in Portugal averaged 1.50 percent from 1996 until 2024, reaching an all time high of 7.00 percent in 2022 and a record low of -8.30 percent in 2020. This page includes a chart with historical data for Portugal Full Year GDP Growth. Portugal Full Year GDP Growth - values, historical data and charts - was last updated on February of 2026.

Full Year GDP Growth in Portugal is expected to reach 2.30 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Full Year GDP Growth is projected to trend around 1.70 percent in 2027 and 1.80 percent in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	1.90	2.60	percent	Dec 2024
GDP	308.68	289.70	USD Billion	Dec 2024
GDP Growth Rate YoY	1.90	2.30	percent	Dec 2025
GDP Constant Prices	62400.90	61886.70	EUR Million	Sep 2025
GDP from Agriculture	1070.06	1078.75	EUR Million	Sep 2025
GDP from Construction	2490.86	2465.61	EUR Million	Sep 2025
GDP from Manufacturing	7404.66	7144.70	EUR Million	Sep 2025
GDP from Services	9589.60	9594.02	EUR Million	Sep 2025
GDP from Transport	5487.68	5341.76	EUR Million	Sep 2025
GDP from Utilities	1780.53	1767.83	EUR Million	Sep 2025
GDP Growth Rate	0.80	0.70	percent	Dec 2025
Gross Fixed Capital Formation	13375.16	12947.22	EUR Million	Sep 2025
Gross National Product	77318.66	74068.78	EUR Million	Sep 2025

Portugal Full Year GDP Growth

On the expenditure side, household consumption is the main component of GDP and accounts for 66 percent of its total use, followed by government expenditure (19 percent) and gross fixed capital formation (15 percent). Exports of goods and services account for 40 percent of GDP and imports account for 40 percent.