Portugal GDP Growth Rate
Mar 2026 · Quarterly
Portugal's real GDP growth accelerated to 2.50% in the second quarter of 2026, from 2.36% in the previous quarter. The year-on-year expansion was the strongest since the fourth quarter of 2024 and compared with 1.73% a year earlier. The reading stayed well below the all-time high of 16.53% from the second quarter of 2021 and above the all-time low of -17.57% from the second quarter of 2020, according to the International Monetary Fund.
source: International Monetary Fund
Portugal's real GDP grew 2.28% year-on-year in the first quarter of 2026, up from 1.94% in the previous quarter. The reading is the highest since the fourth quarter of 2024, when growth was 2.58%, and remains far below the all-time high of 16.53% recorded in the second quarter of 2021.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 2.3% | 1.9% | 16.5%Jun 2021 | -17.6%Jun 2020 | 1996 – 2026 | Quarterly |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| GDP | $346.6B | $313.7B | $346.6B | $3.3B | Dec 2025 | Annual |
| Industrial Production | -1.5% | -1.2% | 42.8% | -32.9% | Jul 2026 | Monthly |
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About this series
GDP Growth Rate in Portugal averaged 1.6% from 1996 until 2026, reaching an all-time high of 16.5% in Jun 2021 and a record low of -17.6% in Jun 2020. The series is reported quarterly with history from 1996.
The year-on-year real GDP growth rate measures the change in the inflation-adjusted value of goods and services produced in Portugal compared with the same quarter one year earlier. It is expressed as a percentage and reported quarterly. The series spans from the first quarter of 1996 to the first quarter of 2026.
Source & methodology
International Monetary Fund · IMF. Data is also available free of charge from the IMF
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