“It is good news that we were given today that we had a year-on-year GDP variation of 2.4% in the third quarter of 2025. It’s a number that exceeds existing expectations,” stated the Minister of Economy and Territorial Cohesion, Castro Almeida, during a joint parliamentary hearing with the Committees on Agriculture and Fisheries and on Budget, Finance, and Public Administration.
For the minister, this growth is a “good indicator” for the Government’s estimate for 2025, which is 2%.
He noted there is a “very high probability” of the government’s goal being achieved by the end of the year.
Castro Almeida concluded that the business sector is playing its role in growing the economy.
“The government is also doing its part. The order is not indifferent; the great prominence is for the companies,” he pointed out.
The Portuguese economy grew by 2.4% in the third quarter on a year-on-year basis and 0.8% sequentially, according to the flash estimate released today by the National Institute of Statistics (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 INE.
Sequentially, GDP increased by 0.8% in volume, after a growth of 0.7% in the previous quarter.
These figures thus represent an acceleration of economic activity both in year-on-year and quarterly terms, above what economists consulted by Lusa anticipated, which was a sequential slowdown to between 0.3% and 0.6%.
