The inclusion of new primary information in calculating the quick estimate of GDP, including international trade statistics for goods for the first quarter of 2025, resulted in an upward revision by 0.1 percentage points in the year-on-year and quarter-on-quarter GDP growth rates for the first quarter of 2025, reported in the June 24, 2025 edition of the Quarterly National Accounts by Institutional Sector, according to the National Statistics Institute (INE).
Consequently, the year-on-year and quarter-on-quarter GDP growth rates for the first three months of this year were revised from 1.6% and -0.5%, respectively, to 1.7% and -0.4%.
According to the 30-day flash estimate of the “Quarterly National Accounts” for the second quarter of 2025, released today, the Portuguese economy grew 1.9% in the second quarter of this year, year-on-year, and 0.6% compared to the previous quarter.
The figures released today by INE are at the upper end of economists’ forecasts, which expected year-on-year GDP growth between 1.4% and 1.9% and quarter-on-quarter expansion between 0.2% and 0.7%.
