Macro‑Economic Monitor

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Portugal economy

Portugal’s economy grew 1.9% in 2025, slower than the world as a whole (2.9%). Consumer prices rose 2.3% in 2025, and 6.2% of the labour force was out of work.

IndicatorLatestYear
Real GDP growth1.9%2025
Inflation (consumer prices)2.3%2025
Unemployment6.2%2025
GDP (US dollars)$347 bn2025
GDP per person (US dollars)$32,0822025
GDP per person (PPP, international dollars)$51,6802024
Current account balance, % of GDP2.1%2024
Budget balance, % of GDP0.4%2024
Extreme poverty, % of people below $3.00 a day0.4%2023
Population10.8 m2025
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Source: World Bank, World Development Indicators (CC BY 4.0). Data release 2026-10-22. Figures are revised by their publishers.