Portugal’s economy expanded 0.8% in the second quarter compared with the prior three months, matching the initial estimate from the National Statistics Institute.
The quarter-on-quarter growth, reported on Friday, follows a 0.1% increase in the first quarter. On an annual basis, gross domestic product rose 2.5% in the second quarter, up from 2.4% in the first three months and consistent with the preliminary reading.
Net exports contributed 0.7 percentage points to the quarterly expansion, a reversal from the first quarter when they subtracted 2 percentage points. Exports of goods and services rose 2.5%, accelerating from 1.9% in the prior period, while imports increased 1%, down from 5.9% growth in the first quarter. Tourism, which continues to draw record numbers of foreign visitors, supported export performance.
Private consumption, accounting for roughly two-thirds of GDP, grew 1% quarter-on-quarter, doubling the 0.5% increase recorded in the first quarter. Domestic demand’s contribution to growth fell to 0.1 percentage points from 2.1 points in the prior period, reflecting a 2.5% contraction in total investment after a 7.9% rise in the first quarter.
The government forecasts full-year growth of 2%, marginally above the 1.9% expansion recorded in 2025.
