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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.

INE's March Unemployment Read Holds at 5.8% as the Labour Underutilisation Rate Slips to 9.8% — Employed Population Reaches 5.07 Million, the Highest March Reading in the Quarterly Labour Force Survey Series

INE's March Unemployment Read Holds at 5.8% as the Labour Underutilisation Rate Slips to 9.8% — Employed Population Reaches 5.07 Million, the Highest March Reading in the Quarterly Labour Force Survey Series

INE's provisional March 2026 release leaves the unemployment rate at 5.8% — flat on February, 0.5pp below March 2025 — while labour underutilisation eases to 9.8%. The employed population sits at 5.07 million, the strongest March reading in the LFS series.
The Portugal Brief
Household Deposits in Portuguese Banks Hit a Record €201.7 Billion in March — Banco de Portugal Logs +4.8% Year-on-Year, Term Deposits Lead the Monthly Bump and Corporate Deposits Surge 11.6%

Household Deposits in Portuguese Banks Hit a Record €201.7 Billion in March — Banco de Portugal Logs +4.8% Year-on-Year, Term Deposits Lead the Monthly Bump and Corporate Deposits Surge 11.6%

Portuguese households parked a record €201.7 billion in resident-bank deposits at the end of March 2026 — annual growth accelerated to 4.8%, term deposits led the monthly bump, and non-financial-corporation deposits surged 11.6% year-on-year, the strongest pace since June 2022.
The Portugal Brief