Portugal GDP Growth Rate (2026)
Portugal has a diversified European economy supported by services, tourism, exports, manufacturing, and household consumption. This page examines its GDP growth trend, historical performance, regional comparison, and outlook.
GDP Growth Rate 2026
+1.9%
Annual real GDP growth
World Rank
#146
Out of 195 countries
Change vs 2025
+0.0 pp
2025: +1.9%
Europe Rank
#21
Out of 43 countries
1. Portugal GDP Growth Rate in 2026
Portuguese economic growth is influenced by tourism, consumer spending, exports, investment, and European funding. Financial conditions and demand from major euro-area partners also remain important.
2. Portugal GDP Growth Rate Trends (1980–2026)
Portugal’s growth history reflects periods of expansion, financial adjustment, reform, and stronger export development. Tourism and services have become increasingly important contributors.
3. Portugal GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +1.9% | +0.0 pp |
| 2025 | +1.9% | -0.3 pp |
| 2024 | +2.2% | -0.9 pp |
| 2023 | +3.1% | -3.9 pp |
| 2022 | +7.0% | +1.4 pp |
| 2021 | +5.6% | +13.8 pp |
| 2020 | -8.2% | -10.9 pp |
| 2019 | +2.7% | -0.2 pp |
| 2018 | +2.9% | -0.4 pp |
| 2017 | +3.3% | +1.3 pp |
| 2016 | +2.0% | +0.4 pp |
| 2015 | +1.6% | +0.9 pp |
| 2014 | +0.7% | +1.7 pp |
| 2013 | -1.0% | +3.1 pp |
| 2012 | -4.1% | -2.4 pp |
| 2011 | -1.7% | -3.4 pp |
| 2010 | +1.7% | +4.8 pp |
| 2009 | -3.1% | -3.4 pp |
| 2008 | +0.3% | -2.2 pp |
| 2007 | +2.5% | +0.9 pp |
| 2006 | +1.6% | +0.8 pp |
| 2005 | +0.8% | -1.0 pp |
| 2004 | +1.8% | +2.7 pp |
| 2003 | -0.9% | -1.7 pp |
| 2002 | +0.8% | -1.1 pp |
| 2001 | +1.9% | -1.9 pp |
| 2000 | +3.8% | -0.1 pp |
| 1999 | +3.9% | -0.9 pp |
| 1998 | +4.8% | +0.4 pp |
| 1997 | +4.4% | +0.9 pp |
| 1996 | +3.5% | +1.2 pp |
| 1995 | +2.3% | +0.8 pp |
| 1994 | +1.5% | +2.2 pp |
| 1993 | -0.7% | -3.8 pp |
| 1992 | +3.1% | -0.3 pp |
| 1991 | +3.4% | -4.5 pp |
| 1990 | +7.9% | +1.3 pp |
| 1989 | +6.6% | +1.3 pp |
| 1988 | +5.3% | -2.3 pp |
| 1987 | +7.6% | +4.3 pp |
| 1986 | +3.3% | +1.7 pp |
| 1985 | +1.6% | +2.6 pp |
| 1984 | -1.0% | -2.0 pp |
| 1983 | +1.0% | -1.2 pp |
| 1982 | +2.2% | -1.3 pp |
| 1981 | +3.5% | -3.2 pp |
| 1980 | +6.7% | — |
4. Portugal GDP Growth Performance
Current Growth Rate
+1.9%
(2026 to 2026)
5-Year Average
+3.2%
(2022 to 2026)
10-Year Average
+2.2%
(2017 to 2026)
20-Year Average
+1.1%
(2007 to 2026)
The economy benefits from strong tourism, improved competitiveness, and European investment support. Weak external demand and higher financing costs can still limit the pace of expansion.
5. Portugal GDP Growth Rate vs Europe and World
Portugal
+1.9%
Europe Average
+1.9%
World Average
+2.8%
0.0%
1.4%
2.8%
Annual real GDP growth (%)
Portugal’s GDP growth rate is approximately
0.1 pp
above the
Europe average
and
0.9 pp
below the world average.
6. Portugal GDP Growth Rate Ranking in Europe
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #17 | Denmark | +2.0% |
| #18 | Slovenia | +2.0% |
| #19 | Ukraine | +2.0% |
| #20 | Sweden | +2.0% |
| #21 | Portugal | +1.9% |
| #22 | Iceland | +1.9% |
| #23 | Moldova | +1.9% |
| #24 | Greece | +1.8% |
| #25 | Hungary | +1.7% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Portugal
Portugal GDP (Nominal)
$380.6 Billion
(2026)
Portugal GDP Growth Rate
+1.9%
(2026)
Portugal can outperform some mature euro-area economies when tourism and domestic demand are strong. Its smaller size and openness make external conditions particularly important.
Explore more:
Portugal GDP
9. Portugal GDP Growth Rate Forecast
The outlook depends on tourism, investment, exports, household demand, and European funding. Productivity challenges and weaker regional demand remain important risks.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +1.8% | -0.1 pp |
| 2028 | +1.8% | 0.0 pp |
| 2029 | +1.7% | -0.1 pp |
| 2030 | +1.7% | 0.0 pp |
10. Portugal GDP Growth Rate: Key Findings
Portugal GDP growth rate is estimated at +1.9% in 2026.
It ranks #146 globally and #21 in Europe by annual GDP growth rate.
The growth rate accelerated by 0.0 percentage points compared with 2025.
The 5-year average GDP growth rate is +3.2%.
The 10-year average GDP growth rate is +2.2%.
The current rate is 0.1 percentage points above the Europe average.
The current rate is 0.9 percentage points below the world average.
The forecast GDP growth rate is +1.7% in 2030, 0.2 percentage points below the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
September 2026
13. Portugal GDP Growth Rate FAQs
Portugal GDP growth rate is estimated at +1.9% in 2026.
Portugal ranks #146 globally and #21 in Europe by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +1.9% in 2026.
Portugal GDP growth rate was +1.6% in 2015.
Portugal GDP growth rate is 0.1 percentage points above the Europe average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.