These figures confirm the preliminary estimate released at the end of October by INE, representing an acceleration of Gross Domestic Product (GDP) both in relation to the same period last year and in relation to the previous quarter.

According to the statistics office, "the negative contribution of net external demand to the annual variation of GDP was less pronounced in the 3rd quarter, simultaneously reflecting the slowdown in imports of goods and services and the increase in exports of goods and services."

Domestic demand made a positive contribution to economic growth, albeit less than in the second quarter, reflecting the slowdown in investment.

Regarding chain variation, the contribution of net external demand worsened, "with the acceleration of Imports of Goods and Services exceeding the evolution of Exports of Goods and Services, which increased".

On the other hand, the positive contribution of domestic demand increased to 1.4 percentage points, "showing more intense growth in private consumption and investment".

For the year as a whole, the government included a growth of 2% in the State Budget. This is the most optimistic among the institutions that monitor the Portuguese economy, all of which point to growth of 1.9% in 2025.