Europe · World Bank + FRED data · updated Sep 28, 2026
Portugal economy forecast
For 2026 the model expects inflation of 2.4%, GDP growth of 2.3% and unemployment of 6.1% in Portugal.
Inflation
CPI, annual %
2.4%
2026 forecast
Latest · 2025: 2.3%▲ +0.1 pp
GDP growth
Annual %
2.3%
2026 forecast
Latest · 2025: 1.9%▲ +0.4 pp
Unemployment
% of labor force, ILO modeled
6.1%
2026 forecast
Latest · 2025: 6.2%▼ −0.1 pp
GDP per capita
Current US$
$33,233
2026 forecast
Latest · 2025: $32,082▲ +3.6%
Population
Population, total
10.91M
2026 forecast
Latest · 2025: 10.80M▲ +1.0%
USD/EUR
EUR per 1 USD
0.8897
in 12 months
Last close · Sep 25, 2026: 0.8772▲ +1.4%
Portugal at a glance, 2026–2028
| Indicator | Latest | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Inflation | 2.3% 2025 | 2.4% | 2.4% | 2.5% |
| GDP growth | 1.9% 2025 | 2.3% | 2.3% | 2.3% |
| Unemployment | 6.2% 2025 | 6.1% | 6.0% | 6.0% |
| GDP per capita | $32,082 2025 | $33,233 | $33,839 | $34,032 |
| Population | 10.80M 2025 | 10.91M | 10.94M | 10.96M |
Medians; each indicator's page shows its 80% range and backtest.
Other countries in Europe
All countriesStatistical model, not financial advice. Forecasts are automatic outputs of TimesFM 2.5 on public data; outcomes land outside the 80% range about one time in five.