FX.co ★ Portugal’s GDP Growth Holds Steady at 2.3% in Q1 2026

Portugal’s economy maintained its momentum at the start of 2026, with gross domestic product (GDP) expanding by 2.3% year-over-year in the first quarter, unchanged from the pace recorded a year earlier. According to the latest data, updated on 29 May 2026, the annual growth rate for the first quarter 2026 matched the 2.3% increase seen in the first quarter of 2025.

The stable reading indicates that Portugal has sustained a consistent growth trajectory on a yearly comparison basis. Both the previous indicator and the current one show the same 2.3% year-over-year increase, suggesting that the economy neither accelerated nor decelerated over the period under review. The figures are based on a year-over-year comparison, measuring the change in output in the first quarter of 2026 against the same quarter a year earlier, with the previous figure reflecting the equivalent comparison for the prior year’s first quarter.