Portugal’s economy grew 0.8% quarter-on-quarter in Q2 2026, accelerating from a 0.1% expansion in Q1, was driven by stronger net exports and household consumption. Exports increased 2.5% in Q2, up from 1.9% in Q1, while imports slowed sharply to 1.0% from 5.9%. Household consumption growth also accelerated to 1.0% from 0.5%. In contrast, fixed investment fell 1.9%, following a 2.9% increase in the previous quarter. The recovery follows a weak first quarter, when severe storms disrupted activity in central Portugal and a surge in energy prices linked to the conflict in Iran weighed on economic activity. Year-on-year GDP growth edged up to 2.5% from 2.4% in Q1. The government expects the economy to expand 2.0% in 2026, while the Bank of Portugal forecasts 1.8% growth, following a 1.9% expansion in 2025. source: Statistics Portugal

The Gross Domestic Product (GDP) in Portugal expanded 0.80 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in Portugal averaged 0.46 percent from 1988 until 2026, reaching an all time high of 14.30 percent in the third quarter of 2020 and a record low of -15.00 percent in the second quarter of 2020. This page provides - Portugal GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

The Gross Domestic Product (GDP) in Portugal expanded 0.80 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in Portugal is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal GDP Growth Rate is projected to trend around 0.30 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-30 08:30 AM
QoQ Prel
Q2 0.8% 0.1% 0.4%
2026-08-31 10:00 AM
QoQ Final
Q2 0.8% 0.1% 0.8% 0.8%
2026-10-30 09:30 AM
QoQ Prel
Q3 0.8% 0.4%


Related Last Previous Unit Reference
Full Year GDP Growth 1.90 2.20 percent Dec 2025
GDP Growth Rate YoY 2.50 2.40 percent Jun 2026
GDP Constant Prices 63480.80 62962.50 EUR Million Jun 2026
GDP from Agriculture 1049.70 1054.80 EUR Million Jun 2026
GDP from Construction 2515.80 2509.00 EUR Million Jun 2026
GDP from Manufacturing 7384.50 7340.50 EUR Million Jun 2026
GDP from Services 9745.90 9634.70 EUR Million Jun 2026
GDP from Transport 5552.20 5548.70 EUR Million Jun 2026
GDP from Utilities 1800.50 1803.50 EUR Million Jun 2026
GDP Growth Rate 0.80 0.10 percent Jun 2026
Gross Fixed Capital Formation 13761.00 14021.10 EUR Million Jun 2026
Gross National Product 74749.24 80327.75 EUR Million Mar 2026


Portugal GDP Growth Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.10 14.30 -15.00 1988 - 2026 percent Quarterly

News Stream
Portugal’s GDP Rebounds 0.8% in Q2
Portugal’s economy grew 0.8% quarter-on-quarter in Q2 2026, accelerating from a 0.1% expansion in Q1, was driven by stronger net exports and household consumption. Exports increased 2.5% in Q2, up from 1.9% in Q1, while imports slowed sharply to 1.0% from 5.9%. Household consumption growth also accelerated to 1.0% from 0.5%. In contrast, fixed investment fell 1.9%, following a 2.9% increase in the previous quarter. The recovery follows a weak first quarter, when severe storms disrupted activity in central Portugal and a surge in energy prices linked to the conflict in Iran weighed on economic activity. Year-on-year GDP growth edged up to 2.5% from 2.4% in Q1. The government expects the economy to expand 2.0% in 2026, while the Bank of Portugal forecasts 1.8% growth, following a 1.9% expansion in 2025.
2026-08-31
Portugal's Economy Rebounds Strongly in Q2
Portugal's economy expanded by 0.8% in the second quarter of 2026, accelerating from an upwardly revised 0.1% growth in the previous quarter, according to preliminary estimates. The rebound was driven by a positive contribution from net exports and stronger private consumption, although investment declined. The recovery followed a weak first quarter, when severe storms disrupted activity in central Portugal, while a surge in energy prices linked to the conflict in Iran weighed on growth. On an annual basis, GDP growth edged up to 2.5% from a revised 2.4% in the previous quarter. The government expects the economy to expand by 2.0% this year, while the Bank of Portugal projects slightly slower growth of 1.8%, following 1.9% growth in 2025.
2026-07-30
Portugal’s Economy Stalls in Q1 2026
Portugal’s economy stalled in the first quarter of 2026, marking a sharp slowdown from the 0.9% growth recorded in the previous period, particularly driven by extreme weather, including Storm Kristin and heavy rainfall, which damaged infrastructure, agriculture, and buildings, particularly in the Central region, as well as the adverse effects of the Middle East conflict. The slowdown also reflected the fading impact of government measures that had boosted household income in the second half of 2025. Household consumption growth plummeted to 0.1% in Q1 2026 from 0.9%, while government spending rose by 0.3%, down from 0.4%. Net external demand weighed on GDP, as exports grew by 2.1% but imports surged at a faster pace of 5.4%. On a positive note, fixed investment increased by 1.9%, following a 1.2% gain in the previous quarter. The Bank of Portugal warned that rising inflation and tighter financing conditions are likely to constrain consumption and investment throughout 2026.
2026-05-29