According to economists, Portugal’s Gross Domestic Product (GDP) growth in the third quarter, set for release by the National Statistics Institute (INE) on Thursday, is expected to have accelerated year-on-year but slowed quarter-on-quarter to between 0.3% and 0.6%.
The Economic Research Unit of the Center for Applied Studies at Católica Lisbon School of Business & Economics forecasts that the Portuguese economy may have grown 0.6% quarter-on-quarter and 2.2% year-on-year during the third quarter, after a second-quarter growth of 0.7% quarter-on-quarter and 1.8% year-on-year.
The Forum for Competitiveness, in an economic note, indicated an estimate that the third-quarter GDP slowed quarter-on-quarter from 0.7% to between 0.3% and 0.5%, resulting in a year-on-year acceleration from 1.8% to between 1.9% and 2.1%.
The economic studies area of BCP projects that, for the third quarter of 2025, Portugal’s GDP will have grown 0.6% quarter-on-quarter and 2.2% year-on-year, following a previous quarter growth of 0.7% quarter-on-quarter and 1.8% year-on-year, according to the latest economic note.
“Domestic demand is expected to have accelerated in the third quarter, benefiting from strong growth in private consumption and gross fixed capital formation, along with increased public spending,” the note stated, whereas “external demand might have negatively impacted GDP growth in the third quarter, with exports expected to fall compared to the previous quarter, while imports should rise again.”
The CIP/ISEG Economic Climate Indicator also estimates that the Portuguese economy should grow 2.2% in the third quarter year-on-year, and 0.6% quarter-on-quarter.
According to the document, the estimated growth is attributed to a boost in private consumption and strong performance in the industrial, trade, and construction sectors.
