FX.co ★ Portuguese GDP Growth Accelerates to 2.3% in Q1 2026, Up from 1.9% Year Earlier

Portugal’s economy strengthened in the first quarter of 2026, with gross domestic product (GDP) expanding by 2.3% year-over-year, according to the latest data updated on 30 April 2026. This marks an improvement from the 1.9% annual growth recorded in the fourth quarter of 2025.

The figures are based on a year-over-year comparison, with the current reading showing how GDP in the first quarter of 2026 compares with the same period a year earlier. The previous figure represented the change in GDP in the fourth quarter of 2025 relative to the fourth quarter of 2024. The pick-up from 1.9% to 2.3% indicates a gaining momentum in Portuguese economic activity as 2026 gets underway.

The acceleration suggests a more robust start to the year for Portugal, but further quarterly data will be needed to determine whether this marks the beginning of a sustained growth trend or a short-term improvement in the cycle.