Overseas investment in Portugal worth 69% of GDP

The stock of foreign direct investment in Portugal rose to €183.9Bn in the 2nd quarter of 2024. Portugal’s direct investment abroad also increased to €67.6Bn.

The FDI hit a new historic maximum of €183,940 million, the equivalent of 69% of GDP according to data from the Bank of Portugal (BoP) published on Tuesday.

The stock of FDI rose by around €4.6Bn compared to the first quarter of this year, and €10Bn compared to the first quarter of 2023, and compared to the second quarter of 2024, FDI transactions increased to €3.1Bn, above the €1Bn recorded in the first quarter.

The figure for the second quarter is the highest since 1996 when the banking sector supervisor (BoP) began compiling statistical records.

Among the regions and countries which have invested the most in Portugal is the European Union (€139.7Bn), Asia (11.3Bn), US (€9.9Bn) and the Portuguese speaking countries (CPLP) (€7Bn).

At the same time, Portugal’s direct investment overseas also increased, amounting to €67,562.88 million. This figure represents 25% of national GDP. BoP data also reveals that the stock of DIO grew by €2.18Bn compared to the first quarter of the year and €1.7Bn compared to the same period of 2023.