In the second quarter of 2026, the public debt-to-GDP ratio rose to 88.8% in the eurozone and 82.9% in the EU. Portugal's public debt stood at 92.5% of GDP, which represents a decrease of 3.4 percentage points compared to the second quarter of 2025, but an increase of 2.1 percentage points compared to the first quarter of 2026.
This update is from Bica
Your quick shot of what's changing in Portugal and affecting your status, your home, your money, and whatever might disrupt your day. Short and clear updates, gathered from Portuguese sources.
It's free, with no signup and no app to download.
Read today’s briefing
In the second quarter of 2026, the household savings rate fell by 0.5 percentage points in Portugal, 0.2 points in the Eurozone, and 0.3 points in the EU compared to the previous quarter. During this period, Portugal's gross disposable income for households rose 1.7%, while individual consumption expenditure grew 2.2%.
Portugal's public debt decreased to 88.4% of GDP in the third quarter of 2026, totaling 284.88 billion euros. This is the lowest debt-to-GDP ratio recorded since the end of 2009, representing a decline of 4.2 percentage points from the previous quarter.
Eurostat estimated that the Eurozone budget deficit rose to 3.3% of GDP and the EU deficit to 3.5% of GDP in the second quarter of 2026. Portugal recorded a budget surplus of 0.8%, ranking as the fifth highest among member states.