Economy

Most sectors of Portugal’s industrial economy were almost stagnant in 2024 after recording losses in 2023. According to data released by the National Statistics Institute last week, the gross [...]

The share of Portugal’s exports on GDP fell for the second year running in 2024 after having enjoyed a historic 50% of total GDP in 2022. Part of the reason behind the strong percentage of [...]

Trade between Portugal and France rose to €16Bn in 2024 according to figures from the National Statistics Institute. (INE) French companies in Portugal are the main overseas employers in the [...]

The Chinese company CALB has confirmed that it will invest €2Bn in Portugal to build a new lithium battery factory at Sines. The launch of the project took place today (Monday) in Lisbon and was [...]

Portugal Rally (Rally de Portugal) generated €22.6 million of which €13.6 million came from VAT and €9 million from IPS fuel tax in 2024. “The amount represents a direct economic impact of 24.1% [...]

In December 2024, Portugal’s construction sector enjoyed the third highest output in terms of projects in the EU with a MoM increase of 3.6% while YoY it had the fourth largest increase (5.1%) [...]

Porto has once again done well in Financial Times rankings, this time as the Best European City for Foreign Direct Investment Attraction. It is the fourth year in which the city has been placed [...]

Text: Chris Graeme; Image: Fernando Bento (ICPT) Portugal’s Minister for Parliamentary Affairs warned that extremists are beginning to gain ground in the country’s political life on Tuesday. [...]

The Euro Zone’s economy grew 0.9% in 4Q of 2024 like-for-like according to the EU’s statistical office Eurostat on Friday. Portugal recorded the fourth highest year-on-year rate, in a ranking led [...]

Portuguese companies expect a 4.6% increase in exports of goods this year. The forecast is based on the uptick in exports registered between January and November 2024 when overseas sales grew by [...]