Makrognosis

Portugal economic data

187 official economic indicators for Portugal, collected directly from its statistical agency and central bank. Each one has a chart, the latest value and a free API.

Gross domestic product, Current prices, million EUR6.1% y/yQ2 2026
GDP (Gross Domestic Product)2.6% y/yQ2 2026
Inflation Rate (CPI)3.8% y/yOct 2026
Core Inflation Rate3.1% y/yOct 2026
Unemployment Rate5.6%Sep 2026
10-Year Government Bond Yield3.9%Oct 2026
Credit Rating & Sovereign Risk Score75/1002026-11
Industrial Production−2.7% y/ySep 2026
Retail Sales0.09% y/ySep 2026
Current account balance, % of GDP1.2%2025
Current account balance (BPM6, vs rest of world), not seasonally adjusted1,420.0 € millionAug 2026
Trade Balance: Goods & Services−2,956.7 € millionAug 2026

Business Surveys

Portugal Economic Sentiment Indicator 100.8 · Oct 2026Portugal Consumer Confidence Indicator −26.80 Balance (% points) · Oct 2026Portugal Industrial Confidence Indicator −3.50 Balance (% points) · Oct 2026Portugal Services Confidence Indicator 5.10 Balance (% points) · Oct 2026

Consumption & Spending

Portugal Retail Sales 0.09% y/y · Sep 2026

External Sector

Portugal Net international investment position, % of GDP −49.6% · 2025

Government Finance

Portugal Government Debt to GDP 92.5% · Q2 2026Portugal General government gross debt, level 2.3% y/y · Q2 2026Portugal General government interest expenditure, EUR mn 1,408.3 € million · Q2 2026Portugal General government total revenue, EUR mn 35,111 € million · Q2 2026Portugal Government Budget Balance 0.7% · 2025

Housing & Construction

Portugal House Price Index 16.5% y/y · Q2 2026

Industry

Portugal Industrial Production −2.7% y/y · Sep 2026Portugal Construction production (F) 1.1% y/y · Sep 2026Portugal Manufacturing production (NACE C, 2021=100), SCA −2.4% y/y · Sep 2026Portugal Industrial production, capital goods (MIG) −6.3% y/y · Sep 2026Portugal Industrial production, consumer goods (MIG) −0.2% y/y · Sep 2026Portugal Industrial production, energy (MIG, except section E) −6.0% y/y · Sep 2026Portugal Industrial production, intermediate goods (MIG) −1.3% y/y · Sep 2026

Interest Rates & Yields

Portugal 10-Year Government Bond Yield 3.9% · Oct 2026Portugal Cost of borrowing for households for house purchase (new business) 3.1% · Sep 2026Portugal Cost of borrowing for non-financial corporations (new business) 4.2% · Sep 2026Portugal Sovereign Bond Spread vs US Treasuries −114.3 bps · Sep 2026

Labour & Employment

Portugal Unemployment Rate 5.6% · Sep 2026Portugal Activity (participation) rate, age 15-64, % of population, SA 79.4% · Q2 2026Portugal Average Hourly Earnings 5.5% y/y · Q2 2026Portugal Job vacancy rate, %, SA 1.5% · Q4 2025Portugal Youth unemployment rate (under 25), % of labour force, SA 19.1% · Sep 2026

Output & Production

Portugal GDP (Gross Domestic Product) 2.6% y/y · Q2 2026Portugal Gross domestic product, Current prices, million EUR 6.1% y/y · Q2 2026Portugal Exports of goods and services, Current prices, million EUR 8.8% y/y · Q2 2026Portugal Exports of goods and services, chain-linked volume 4.6% y/y · Q2 2026Portugal Imports of goods and services, Current prices, million EUR 12.4% y/y · Q2 2026Portugal Imports of goods and services, chain-linked volume 6.9% y/y · Q2 2026Portugal Final consumption expenditure, Current prices, million EUR 6.8% y/y · Q2 2026Portugal Final consumption expenditure, chain-linked volume 3.3% y/y · Q2 2026Portugal Gross fixed capital formation, Current prices, million EUR 11.9% y/y · Q2 2026Portugal Gross fixed capital formation, chain-linked volume 6.4% y/y · Q2 2026Portugal GDP Growth Rate (YoY %) 2.4% · Q3 2026Portugal GDP in US Dollars 8.9% y/y · Q2 2026Portugal General government final consumption, Current prices, million EUR 6.6% y/y · Q2 2026Portugal General government final consumption, chain-linked volume 1.7% y/y · Q2 2026Portugal Household and NPISH final consumption, Current prices, million EUR 6.9% y/y · Q2 2026Portugal Household and NPISH final consumption, chain-linked volume 3.8% y/y · Q2 2026

Population

Portugal Population, 1 January 10,749,635 persons · 2025

Prices & Inflation

Portugal Inflation Rate (CPI) 3.8% y/y · Oct 2026Portugal Core Inflation Rate 3.1% y/y · Oct 2026Portugal GDP implicit deflator, 2010=100, seasonally and calendar adjusted 3.4% y/y · Q2 2026Portugal National CPI (IPC / Índice de Precios de Consumo) 3.8% y/y · Oct 2026Portugal National CPI inflation, y/y % as published (incl. flash/avance) 3.8% · Oct 2026Portugal National HICP (IPCA / Índice de Precios de Consumo Armonizado) 3.9% y/y · Oct 2026Portugal National HICP inflation, y/y % as published (incl. flash/avance) 3.9% · Oct 2026Portugal HICP: Alcohol, tobacco & narcotics (2025=100) 1.5% y/y · Sep 2026Portugal HICP: All-items excl. energy & seasonal food (2025=100) 2.7% y/y · Sep 2026Portugal HICP: All-items excl. energy & unprocessed food (2025=100) 2.9% y/y · Oct 2026Portugal HICP: All-items excl. energy (2025=100) 2.9% y/y · Oct 2026Portugal HICP: All-items excl. tobacco (2025=100) 3.6% y/y · Sep 2026Portugal HICP: Clothing & footwear (2025=100) −1.9% y/y · Sep 2026Portugal HICP: Education services (2025=100) 4.6% y/y · Sep 2026Portugal HICP: Energy (2025=100) 19.1% y/y · Oct 2026Portugal HICP: Food & non-alcoholic beverages (2025=100) 2.4% y/y · Sep 2026Portugal HICP: Food (2025=100) 2.4% y/y · Oct 2026Portugal HICP: Furnishings & household equipment (2025=100) 1.9% y/y · Sep 2026Portugal HICP: Health (2025=100) 2.9% y/y · Sep 2026Portugal HICP: Housing, water, electricity & fuels (2025=100) 3.4% y/y · Sep 2026Portugal HICP: Industrial goods (2025=100) 4.0% y/y · Sep 2026Portugal HICP: Information & communication (2025=100) −2.1% y/y · Sep 2026Portugal HICP: Insurance & financial services (2025=100) 2.7% y/y · Sep 2026Portugal HICP: Non-energy industrial goods (2025=100) 0.1% y/y · Oct 2026Portugal HICP: Personal care & misc. goods/services (2025=100) 4.3% y/y · Sep 2026Portugal HICP: Recreation, sport & culture (2025=100) 0.3% y/y · Sep 2026Portugal HICP: Restaurants & accommodation (2025=100) 5.7% y/y · Sep 2026Portugal HICP: Total goods (2025=100) 3.2% y/y · Sep 2026Portugal HICP: Total services (2025=100) 4.5% y/y · Oct 2026Portugal HICP: Transport (2025=100) 8.5% y/y · Sep 2026Portugal HICP: Unprocessed food (2025=100) 3.4% y/y · Oct 2026

Sovereign Credit

Portugal Credit Rating & Sovereign Risk Score 75/100 · A equivalent · 2026-11

Trade

Portugal Current account balance (BPM6, vs rest of world), not seasonally adjusted 1,420.0 € million · Aug 2026Portugal Current account balance, % of GDP 1.2% · 2025Portugal Trade Balance: Goods & Services −2,956.7 € million · Aug 2026Portugal Exports of goods, total trade (World), seasonally adjusted 7.6% y/y · Aug 2026Portugal Imports of goods, total trade (World), seasonally adjusted 2.6% y/y · Aug 2026

Regional data

105 regional and local series for Portugal →