Portugal’s economy expanded 0.8% quarter-on-quarter in Q4 2025, accelerating from a downwardly revised 0.7% in the previous quarter and surpassing market expectations of 0.5%, according to a preliminary estimate. This marked the strongest quarterly pace in a year, supported by net external demand, amid a sharp decline in imports of goods and services, particularly crude oil. By contrast, domestic demand weighed on growth, reflecting a slump in investment and slower household consumption growth. On an annual basis, the economy grew 1.9% in Q4, down from 2.3% in Q3. For the full year 2025, Portuguese GDP expanded 1.9%, slightly below 2.1% in 2024. source: Statistics Portugal

The Gross Domestic Product (GDP) in Portugal expanded 0.80 percent in the fourth quarter of 2025 over the previous quarter. GDP Growth Rate in Portugal averaged 0.46 percent from 1988 until 2025, reaching an all time high of 14.40 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 February of 2026.

The Gross Domestic Product (GDP) in Portugal expanded 0.80 percent in the fourth quarter of 2025 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 0.40 percent in 2027 and 0.30 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-11-28 11:00 AM
QoQ Final
Q3 0.8% 0.7% 0.8% 0.8%
2026-01-30 09:30 AM
QoQ Prel
Q4 0.8% 0.7% 0.5% 0.5%
2026-02-27 11:00 AM
QoQ Final
Q4 0.8%


Related Last Previous Unit Reference
Full Year GDP Growth 1.90 2.60 percent 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 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 0.70 14.40 -15.00 1988 - 2025 percent Quarterly

News Stream
Portugal’s Economy Accelerates in Q4 Despite Weak Domestic Demand
Portugal’s economy expanded 0.8% quarter-on-quarter in Q4 2025, accelerating from a downwardly revised 0.7% in the previous quarter and surpassing market expectations of 0.5%, according to a preliminary estimate. This marked the strongest quarterly pace in a year, supported by net external demand, amid a sharp decline in imports of goods and services, particularly crude oil. By contrast, domestic demand weighed on growth, reflecting a slump in investment and slower household consumption growth. On an annual basis, the economy grew 1.9% in Q4, down from 2.3% in Q3. For the full year 2025, Portuguese GDP expanded 1.9%, slightly below 2.1% in 2024.
2026-01-30
Portugal GDP Growth Rate Confirmed at 0.8% in Q3
The Portuguese economy grew by 0.8% in the third quarter of 2025, its strongest performance in three quarters, after a 0.7% expansion in Q2 and in line with the preliminary estimate. Domestic demand rose by 1.4%, the fastest pace in a year, up from 0.9% in the previous quarter, supported by stronger private consumption and investment. The contribution of net external demand became more negative (from -0.3 p.p. to -0.6 p.p.), as exports rebounded (0.8% vs. -0.1%) but were outpaced by a sharper rise in imports (2% vs. 0.5%). On a year-on-year basis, GDP increased 2.4%, also the strongest in three quarters, after a 1.8% rise in Q2. The negative contribution of net external demand was less pronounced, reflecting a slowdown in imports (3.7% vs. 4.6%) alongside a recovery in exports (1.2% vs. -0.1%). Meanwhile, the positive contribution of domestic demand eased, driven by weaker investment growth.
2025-11-28
Portugal Economy Accelerates in Q3
The Portuguese economy expanded by 0.8% quarter-on-quarter in Q3 2025, following an upwardly revised 0.7% growth in Q2, according to preliminary estimates. This marked the fastest pace of expansion this year, supported by robust domestic demand, with household consumption accelerating. However, the contribution from net trade weakened, as imports rose more than exports. On an annual basis, GDP growth picked up to 2.4% in Q3, up from 1.8% in the previous quarter. The government estimates that the economy will grow 2% this year.
2025-10-30