Financial markets, banking, investment, and economic policy news from Portugal.
Eurostat pencils Portugal at 81% of the EU average in 2025 GDP per capita. Recalculated against INE's confirmed 11,424,031 residents, that drops to 76.2% — and from 18th to 22nd of 27 member states. More people, the same output, a thinner per-head slice.
A Nova SBE survey for broker XTB finds 72% of Portuguese can save, but more than a third put away just 5-10% of income and only 16% save above 20%. Bank deposits (32%) still beat savings certificates and brokers as the favoured home for money.
INE's 12 June release confirms Portugal's CPI held at 3.3% year-on-year in May for a second consecutive month, with underlying inflation stuck at 2.2%, energy prices accelerating to 13.1% and unprocessed food decelerating to 5.7%. The IHPC now runs 0.1 percentage points below the eurozone.
Portuguese households opened a record €13.398 billion of new term deposits in April. The average rate ticked up 2 basis points to 1.44% in a third straight monthly climb, but still pays 47 bp under the 1.91% eurozone average, BdP data show.
Three macro letters reached Lisbon on the same Wednesday: OECD trimming growth to 1.8%, Brussels projecting pension spending at 15.1% of GDP by 2045, and Brussels nudging an IMI patrimonial rebase. Read together, they cinch Portugal's fiscal corset for the rest of the decade.
Parpública's 19-holding disposal authorisation, Vista Alegre's €1.07 Euronext exit and CMVM's Conta Poupança-Investimento land in the same week — but the supply side is shrinking just as policy tries to grow demand.
AT informação vinculativa confirms CGA work-accident pensions for civil servants are taxed under IRS — the Decreto-Lei 503/99 carve-out blocks the Article 12 exemption, and retroactive lump sums qualify for the Article 74 splitting option.
