FX.co ★ Portugal GDP Growth Rate Confirmed at 0.8% in Q3

In the third quarter of 2025, Portugal's economy experienced a growth rate of 0.8%, marking its most robust performance in three quarters. This follows a 0.7% increase in the second quarter, aligning with preliminary estimates. Domestic demand surged by 1.4%, the fastest rate observed in a year, up from the previous quarter's 0.9%, driven by heightened private consumption and investment. However, the contribution from net external demand became more negative, shifting from -0.3 percentage points to -0.6 percentage points. While exports rebounded, recording a 0.8% increase compared to the previous -0.1%, they were overshadowed by a sharper climb in imports, which rose by 2% from 0.5%. On an annual basis, GDP expanded by 2.4%, the strongest rise in three quarters, following a 1.8% increase in the second quarter. The adverse impact of net external demand lessened, owing to a slowdown in imports (3.7% compared to 4.6%) alongside a recovery in exports (1.2% against a previous decline of -0.1%). Meanwhile, the beneficial impact of domestic demand diminished, attributed to a downturn in investment growth.