The Portuguese economy grew 2.4% in the third quarter, year-on-year, and 0.8% quarter-on-quarter, according to the quick estimate released this Thursday, 30th, by the National Statistics Institute (INE).
“The Gross Domestic Product (GDP), in volume, registered a year-on-year variation of 2.4% in the 3rd quarter of 2025, after having increased by 1.8% in the previous quarter”, indicates the INE.
As a whole, GDP increased by 0.8% in volume, after growth of 0.7% in the previous quarter.
In this way, these numbers represent an acceleration in economic activity both year-on-year and quarterly, above what the economists consulted by Lusa anticipated, which was a slowdown in chain, to between 0.3% and 0.6%.
According to INE, year-on-year growth benefited from a less pronounced negative contribution from net external demand, “reflecting the acceleration of exports of goods and services and a slight deceleration of imports of goods and services”.
On the other hand, the positive contribution of domestic demand to the year-on-year variation in GDP “remained close to that observed in the previous quarter, with an acceleration in private consumption and a slowdown in investment”.