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.
A Bank of Portugal study of about 300 councils from 2017 to 2024 finds extra demand feeds into prices almost twice as much as rents, hits hardest where building is slow, and concludes affordability cannot be fixed by demand-side policies alone.
Emissions fell 2.8 percent to 52.0 million tonnes in 2024 as GDP grew 2.7 percent, a fourth straight year of decoupling and a first since 1995. A collapse in gas-fired power did the work; air transport and household fuel use went the other way.
The IGCP raised 1,283 million euros on Wednesday, with ten-year money costing 3.897 percent and 26-year money 4.316 percent, as demand thinned. It was the last bond auction of 2026.
The German group beat Air France-KLM by about 16 percent. Lufthansa will run TAP day to day, the State keeps the chair and a majority on the board, and the deal is not expected to close before 2028.
EY counted 186 foreign investment projects announced in Portugal in 2025, down from 196, while Europe fell 7 percent to 5,026. Expansions rose to 37 percent of the total and tech and business services took 44 percent. Greater Lisbon grew.
About 150 association leaders gather outside the Assembleia da República at 11:30 with a document and a basket of Portuguese food. The CAP points to fuel and fertiliser costs and to the 1.1 billion euros Spain has given.
A senior Revolut executive tells Lusa the app wants to offer everything a traditional bank does, but home loans need local adaptation and there is no date. The focus in Portugal is deposits.
