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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.

Portugal Smashes Renewable Energy Record — Clean Sources Supplied 80% of Electricity in Q1 2026

Renewable energy sources supplied 80.4% of Portugal's electricity in the first quarter of 2026 — the highest share ever recorded for a January-to-March period — according to data published by grid operator REN (Redes Energéticas Nacionais). Total...

Parliament Unanimously Approves Emergency Fuel Tax Cut — ISP Floor Lowered Through June 30

All parties voted in favour of lowering the legal floor on Portugal's fuel excise tax, allowing the government to cut ISP on petrol to 20 cents and diesel to 16 cents per litre through June 30 — as diesel hits record highs amid the Middle East crisis.

Car Insurance Premiums Surge 11.4% in Portugal — Young Drivers and Rural Areas Hit Hardest

Car Insurance Premiums Surge 11.4% in Portugal — Young Drivers and Rural Areas Hit Hardest

Car insurance premiums in Portugal have jumped by an average of 11.4 per cent at renewal, according to an analysis of 409 policies by digital insurance broker Mudey covering eight major insurers between October 2025 and February 2026. The average...

Portugal Emerges as Europe's Tungsten Lifeline as Prices Surge 557% and Borralha Mine Advances

Portugal Emerges as Europe's Tungsten Lifeline as Prices Surge 557% and Borralha Mine Advances

Northern Portugal's Borralha mine is emerging as one of Europe's most important tungsten prospects as prices hit record highs after a 557% rally. A Canadian miner's preliminary assessment values the project at up to CA$1 billion.