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Economy

Economy

Portugal's economy explained: GDP data, market trends, business developments, inflation, real estate, and economic policy. Analysis of how economic trends affect daily life and expat finances.

Coastal Fleet Sees 43% Sales Collapse in January Alone — Mar2030 Opens €3.5M Emergency Envelope for Storm-Idled Boats With a 30-Day Minimum

Coastal Fleet Sees 43% Sales Collapse in January Alone — Mar2030 Opens €3.5M Emergency Envelope for Storm-Idled Boats With a 30-Day Minimum

Portugal's coastal fleet has lost at least 30% of its sales through the winter storms. The government's €3.5 million Mar2030 emergency package covers November 2025 to February 2026 for boats stopped at least 30 days — a minimum threshold small-fleet operators say is trivially easy to meet.

Labour Reform Goes to the Wire — UGT Votes Thursday as Minister Narrows Remaining Gaps to 'Two or Three Themes' Before Government Legislates

Labour Reform Goes to the Wire — UGT Votes Thursday as Minister Narrows Remaining Gaps to 'Two or Three Themes' Before Government Legislates

Labour Minister Rosário Palma Ramalho says only 'two or three themes' separate the social partners after nine months of talks. UGT votes Thursday 24 April; if it rejects, the government legislates unilaterally from the July 2025 draft.

Fuel Prices Fall in Portugal Today as Government Quietly Trims the ISP Discount on Diesel

Fuel Prices Fall in Portugal Today as Government Quietly Trims the ISP Discount on Diesel

Drivers across Portugal are seeing cheaper fuel from this morning, Monday 20 April. Diesel (gasóleo simples) drops 11.4 cêntimos a litre to roughly €2.197/L at the pump, while gasoline 95 (gasolina simples) dips just half a...

Easter Tourism Smashes Records — Foreign Visitors to Portugal More Than Double as Spanish Drivers Surge 42 Per Cent

Easter Tourism Smashes Records — Foreign Visitors to Portugal More Than Double as Spanish Drivers Surge 42 Per Cent

Foreign drivers entering Portugal more than doubled over Easter, with Spanish visitors surging 42 per cent. Short-term rental bookings tripled, spending rose 5 per cent, and the tourism sector is on track for 34 million guests and EUR 7 billion in revenue for 2026.