Portugal ranks 3rd highest growth country in the EU

Portugal ranks 3rd highest growth country in the EU - Portugal Business News

News Portuguese economy - Portugal ranks 3rd EU country with the highest GDP growth for the last quarter of 2023. The high-growth figure obtained by Portugal is remarkable, since the rest of the Eurozone stagnated with only a 0.1% growth, while the average GDP growth for EU countries was 0.3%. What are the EU countries with the highest GDP growth?

Here are the EU countries with the highest GDP growth:

1 – Slovenia

Slovenia is the EU country that registered the highest GDP growth during the last quarter of 2023, with 2.6%, according to Eurostat.

2 – Cyprus

Cyprus ranks 2nd EU country with the highest GDP growth during the last quarter of 2023, with 2.3%, according to Eurostat.

3 – Portugal

Portugal ranks 3rd among EU countries with the highest GDP growth during the fourth quarter of 2023, with 2.2%, according to Eurostat.

Portugal is not only one of the fastest growing economies in the EU, but figures show an upward trend compared to the previous quarter, since the country registered a 1.9% average annual change for the third quarter of 2023, that was ahead of the EU average of 0%.

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Portugal Business News is an English and French news site that specializes in promoting businesses in Portugal, both for the export market and for attracting Foreign Direct Investment, through writing news reports about the Portuguese economy and business environment.

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