Portugal's private consumption grew by 3.3% year over year in January 2026, following a 3.2% increase the month before. Personal Spending in Portugal averaged 1.89 percent from 1978 until 2026, reaching an all time high of 8.10 percent in September of 2021 and a record low of -8.60 percent in June of 2020. source: Banco de Portugal

Personal Spending in Portugal increased 3.30 percent in January of 2026 over the previous month.

Personal Spending in Portugal increased 3.30 percent in January of 2026 over the previous month. Personal Spending in Portugal is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Private Consumption YoY is projected to trend around 2.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-16 12:00 PM
Private Consumption YoY
Dec 3.2% 3.1% 2.8%
2026-02-20 11:00 AM
Private Consumption YoY
Jan 3.3% 3.2% 3.0%
2026-03-19 11:30 AM
Private Consumption YoY
Feb 3.3% 3.2%


Related Last Previous Unit Reference
Bank Lending Rate 3.71 3.65 percent Dec 2025
Consumer Confidence -14.70 -14.50 points Jan 2026
Consumer Credit 144775.50 143598.70 EUR Million Dec 2025
Consumer Spending 38675.30 38223.00 EUR Million Sep 2025
Disposable Personal Income 78789.80 75362.80 EUR Million Sep 2025
Gasoline Prices 2.00 1.95 USD/Liter Jan 2026
Households Debt to GDP 53.10 52.70 percent of GDP Jun 2025
Households Debt to Income 75.51 80.03 percent Dec 2024
Personal Savings 12.50 12.50 percent Sep 2025
Private Consumption YoY 3.30 3.20 percent Jan 2026
Retail Sales MoM -3.20 2.40 percent Dec 2025
Retail Sales YoY 3.10 6.50 percent Dec 2025


Portugal Private Consumption YoY
In Portugal, private consumption year-on-year refers to the annual change of the coincident indicator for the Portuguese personal consumption that includes eight major indicators: real private consumption; real retail trade turnover index; sales of light passenger vehicles; retail sales volume (trade survey); tourism nights spent by residents in Portugal; real industrial turnover index of consumer goods in the domestic market; households’ financial situation; and general economic situation (consumers’ survey).
Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.20 8.10 -8.60 1978 - 2026 percent Monthly
NSA