FX.co ★ Portugal’s GDP Growth Edges Up to 2.5% in Q2 2026, Extending Year-on-Year Momentum

Portugal’s economy continued to gain traction in the second quarter of 2026, with gross domestic product (GDP) expanding 2.5% year-on-year, up from 2.3% in the first quarter of 2026. The latest figures, updated on 30 July 2026, indicate a modest but steady acceleration in the country’s growth trajectory.

The data are based on a year-on-year comparison, measuring the change in GDP for the second quarter of 2026 against the same period a year earlier. Similarly, the previous 2.3% reading reflected GDP growth in the first quarter of 2026 versus the first quarter of the prior year.

The improvement suggests that Portugal is maintaining positive economic momentum, with the gradual uptick in annual growth pointing to a slightly stronger performance as 2026 progresses. While the increase from 2.3% to 2.5% is incremental, it underscores ongoing resilience in the Portuguese economy on a yearly comparison basis.