Portugal drops in European GDP per capita rankings

Thursday, 25 June 2026AI summary

Following a population data revision by the National Statistics Institute (Instituto Nacional de Estatística or INE), Portugal's GDP per capita is projected to fall to 77% of the European average in 2025. Economist Óscar Afonso estimates this decline will cause Portugal to drop three places in the European rankings, falling behind Estonia, Croatia, and Romania.

Context & Explainers

The INE housing price index (Índice de Preços da Habitação) tracks changes in residential property transaction prices across Portugal, published quarterly by the National Statistics Institute (INE). It covers both new and existing dwellings and breaks data down by region, property type, and buyer nationality.

The index is a key reference for policymakers debating housing affordability measures, for lenders assessing mortgage risk, and for buyers and investors tracking market trends. It has shown sustained price growth since 2015, with particularly sharp increases in Lisbon, Porto, and the Algarve driven by international demand, tourism, and housing shortages.

Related INE publications include monthly housing transaction data, rental indices, and construction statistics. Together, they provide the most comprehensive picture of Portugal's property market.