GDP

The Government has forecast real growth of 2% between 2024 and 2025, as well as an increase of 4% to 4.5% in tax revenue and 8% in primary expenditure this year. According to SIC Notícias, the [...]

BBVA Research, the economic analysis department of Spanish bank BBVA, has forecast that Portugal’s GDP will slightly overtake that of Spain in 2025. Speaking at a conference on ‘Financial [...]

Portugal’s GDP grew 1.5% in Q1 of this year after having increased 2.1% in the previous quarter according to the National Statistics Institute (INE). It states that internal demand fell 0.9% from [...]

The European Commission has forecast that Portugal’s economy will likely grow by 1.7% this year with a budget surplus of 0.4%. The estimate from its spring forecast published today (Wednesday) is [...]

Portugal is being overtaken by much of Europe in terms of growth as its GDP per capita was 21% below the European average according to Portugal’s National Statistics Institute. Despite an [...]

Portugal’s budget surplus shrank by €1.062Bn to €6.215Bn because of the impact of expenditure on social benefits according to the Ministry of Finances in its budget statement for the first 10 [...]

The International Monetary Fund (IMF) has forecast that Portugal’s GDP will grow 2.3% in 2023 and 1,5% in 2024. The IMF forecasts had been more optimistic, but decided to review them downwards in [...]

Portugal is among the Euro Zone economies that enjoyed the best performance in the second quarter of the year. Between April and June the economy saw a like-for-like GDP growth rate of 2.3% [...]

The Bank of Portugal has revised Portugal’s growth upwards by 0.9% to 2.7% – three times higher than the EU average. Growth had been forecast at 1.8% for 2023 in March, The increase in [...]

Portugal’s Finance minster, Fernando Medina has welcomed the latest statistics from the national statistics institute INE on growth and inflation saying they offered “good prospects for 2023” [...]