Portugal’s FDI stock rises by 10 billion euros compared to Q1 2023
- Valerie Charoux
- Aug 21, 2024
- 1 min read
Portugal news - Portugal’s FDI stock rises by 10 billion euros compared to the 1st quarter of 2023, according to Portugal’s Central Bank, BdP. Portugal’s Foreign Direct Investment is reaching new highs in the second quarter and now represents 69% of GDP.
FDI flows to Portugal are mainly from the European Union with 139.7 billion euros, followed by Asia with 11.3 billion euros, by America with 9.9 billion euros and by the CPLP with 7 billion euros.
The Portuguese economy has a financing capacity of 4.1 billion euros in the first half of 2024, compared with an external surplus of 2.1 billion euros in the same period of the previous year. Portugal’s balance of goods and services increased by 2.0 billion euros for the first half of 2024 compared to the same period in 2023.
Portugal's international investment position (IIP) went from -72.5% of GDP (-192.5 billion euros) at the end of 2023 to -66.0% of GDP (-180.9 billion euros) at the end of June 2024. This is the least negative ratio since the end of the first half of 2005.
Portugal's net external debt fell from 53.8% of GDP (€142.7 billion) at the end of 2023 to 50.0% of GDP (€136.9 billion) in the first half of 2024. This is the lowest ratio since the end of 2005.
