FX.co ★ Portugal’s Economy Rebounds as Q2 2026 GDP Grows 0.8% Quarter-on-Quarter

Portugal’s economy returned to growth in the second quarter of 2026, with gross domestic product expanding by 0.8% quarter-on-quarter, according to data updated on 30 July 2026. The pickup marks a clear reversal from the first quarter of 2026, when GDP stagnated at 0.0% compared with the previous three months.

On a quarter-over-quarter basis, the latest figures show that Portugal has shifted from a flat growth profile at the start of the year to a more dynamic expansion in the spring months. The previous reading for the first quarter reflected no change from the final quarter of the prior period, underscoring how the Q2 improvement represents a notable strengthening in short-term economic momentum.

The comparison framework highlights this turnaround: while the earlier quarter showed zero growth relative to the quarter before it, the second quarter of 2026 delivered a solid 0.8% increase over the first quarter, suggesting an improving trajectory for Portuguese output as the year progresses.