Portugal's GDP Growth Gains Momentum

Portugal’s economy continues to show resilience, with growth accelerating in the third quarter of the year.

Preliminary data from Statistics Portugal reveal that GDP expanded by 2.4% year-on-year, up from 1.8% in the previous quarter. On a quarterly basis, the economy grew by 0.8%, following 0.7% growth in the second quarter, highlighting a steady upward trend.

This positive trajectory has been largely fuelled by domestic demand, as household spending continues to strengthen. Retail sales data reinforce this momentum, with annual growth rising to 5% in September, compared with 4.4% in August, resulting in a 3% quarterly increase.

Moderating inflation has helped lift real household incomes, while the labour market remains robust, with employment close to record highs and unemployment staying relatively low. Economic sentiment has been bolstered not only by rising consumer activity but also by ongoing improvements in public finances.

Portugal has made significant headway in reducing its debt-to-GDP ratio, a key priority since the sovereign debt crisis. Current forecasts indicate that this ratio will continue to decline over the next two years, reaching its lowest point in more than a decade and further strengthening the country’s fiscal reputation within the eurozone.

Paul Stannard, Chairman and Founder of Portugal Pathways and the Portugal Investment Owners Club, said:

“It’s no surprise to see Portugal’s GDP projections rise once again.

According to Ernst & Young (EY), investor confidence in Portugal is at an all-time high, with 84% of entrepreneurs planning to expand or establish operations in Portugal.

Combined with the fact Portugal is in the top 10 most attractive European foreign direct investment locations, increasing GDP growth is anticipated.”

One of the most sought-after routes for foreign direct investment in Portugal remains the Golden Visa residency-by-investment programme. By investing €500,000 in one or more eligible alternative investment funds, investors gain freedom of movement across the 29 EU Schengen countries, the ability to include eligible family members in a single application, and a pathway to dual citizenship and an EU passport after meeting the residency requirements.

Importantly, investors need only spend seven days per year in Portugal to retain their Golden Visa residency status.

To find out more about investing through the Golden Visa residency-by-investment programme, contact Portugal Future Fund.

Portugal’s openness to international trade and its enduring appeal as a tourism destination continue to underpin its economic performance. Exports remain a substantial component of GDP, and despite global headwinds, the country’s services sector—particularly tourism—continues to provide solid support for growth.

At the same time, contained inflation and improving wage conditions are contributing to greater household stability, enabling consumers to navigate the economic landscape with more confidence than in previous inflationary periods.

With strong domestic demand and improving structural fundamentals, Portugal enters the winter season on a notably positive footing.

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Contact Portugal Future Fund to invest in Portugal's Golden Visa residency-by-investment programme

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About Portugal Future Fund

The Portugal Future Fund strategically invests in key sectors, driving growth and innovation across Portugal. Approved for Portugal’s Golden Visa residency-by-investment, it offers a unique opportunity for impactful and rewarding participation.

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Disclaimer: The information on the Portugal Future Fund website and in email communications is for general informational purposes only and should not be construed as legal, tax, or financial advice. You should consult and check with a qualified professional advisor before relying on any information provided on this website or in email communications. As it relates to investments in Golden Visas or other wealth management solutions offered by regulated and professional advisors, it is important to note that past performance is no guarantee of future returns. Private equities can be highly illiquid and come with risk and should always be under professional independent advice. Portugal Future Fund operates under CMVM regulations but is not directly endorsed by the CMVM or any governmental entity.

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