Portugal’s economy grew 2.5% year-on-year in the second quarter of 2026, edging up from 2.4% in the previous quarter. The improvement was supported by a smaller drag from net external demand, whose contribution narrowed to -1.3 percentage points from -2.3 pp, as stronger export growth more than offset an acceleration in imports. Meanwhile, the contribution of domestic demand eased to 3.8 pp from 4.6 pp, mainly reflecting a slowdown in investment. 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 2.50 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Portugal averaged 1.57 percent from 1996 until 2026, reaching an all time high of 16.50 percent in the second quarter of 2021 and a record low of -17.60 percent in the second quarter of 2020. This page provides - Portugal GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal GDP Annual 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 2.50 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Portugal is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal GDP Annual Growth Rate is projected to trend around 1.90 percent in 2027 and 1.80 percent in 2028, according to our econometric models.