The Portuguese GDP grew by 1.6% between January and March this year compared to the same period in 2024, according to data from the INE.
The growth rate is higher than the predicted rate for the eurozone, which was estimated at 0.9% for the year. In terms of the numbers, the economy grew by 5.1% compared to last year, reaching a nominal GDP of €73.4 billion.
In the same quarter, exports grew by 1.5% in real terms, while imports rose by 5.7%. The changes were between 2.4% and 6.2%, respectively. The total value of exports was €33.5 billion, which is 45.6% of the GDP. This is 1.2% less than the first three months of 2024. This was because the value of exports of goods (28.4%) and services (17.3%) went down.
The extra money made from selling things to other countries went up by 412 million euros (256 million in goods and 156 million in services), which added 0.7% to the growth of the economy (0.4% in goods and 0.3% in services).
According to the Banco de Portugal, foreign direct investment in Portugal (IDE) reached €200.6 billion by the end of March 2025. This is equivalent to 69.5% of Portugal's GDP.
Portugal's Direct Investment Abroad (IDPE) totalled 75.3 billion euros, representing 26.1% of GDP. In 2024, the shares were 70.2% and 26.7%.
The growth rate is higher than the predicted rate for the eurozone, which was estimated at 0.9% for the year. In terms of the numbers, the economy grew by 5.1% compared to last year, reaching a nominal GDP of €73.4 billion.
In the same quarter, exports grew by 1.5% in real terms, while imports rose by 5.7%. The changes were between 2.4% and 6.2%, respectively. The total value of exports was €33.5 billion, which is 45.6% of the GDP. This is 1.2% less than the first three months of 2024. This was because the value of exports of goods (28.4%) and services (17.3%) went down.
The extra money made from selling things to other countries went up by 412 million euros (256 million in goods and 156 million in services), which added 0.7% to the growth of the economy (0.4% in goods and 0.3% in services).
According to the Banco de Portugal, foreign direct investment in Portugal (IDE) reached €200.6 billion by the end of March 2025. This is equivalent to 69.5% of Portugal's GDP.
Portugal's Direct Investment Abroad (IDPE) totalled 75.3 billion euros, representing 26.1% of GDP. In 2024, the shares were 70.2% and 26.7%.
