Eurostat to revise Portuguese GDP per capita data

Monday, 29 June 2026AI summary

💶 Finance 🏛️ Government #economic-indicator #gdp

Eurostat to revise Portuguese GDP per capita data — Photo: ECO

The European Union's statistical office, Eurostat, will recalculate Portugal's Gross Domestic Product (Produto Interno Bruto or PIB) per capita following a revision of population data by the National Statistics Institute (Instituto Nacional de Estatística or INE). This adjustment is expected to impact economic statistics and values reported to European institutions.

Update: GDP per capita falls to 76% of European average

Following the population revision to 11.4 million residents, Portugal's GDP per capita has fallen from 81% to 76% of the European average. The Minister of Economy and Territorial Cohesion has acknowledged the need for a new economic growth plan to help the country converge with European living standards within the next 20 years.

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.

The PIB (Produto Interno Bruto) is the Portuguese term for Gross Domestic Product (GDP), which measures the total value of goods and services produced within the country. Eurostat is recalculating this figure for Portugal to account for recent updates in population data, ensuring that per capita indicators accurately reflect the current economic reality.

Eurostat is the statistical office of the European Union that collects, harmonises and publishes data on inflation, employment, trade and other socio-economic indicators across EU countries. It reported the eurozone's year-on-year inflation at 1.9% in December 2025 (revising down from 2.0%) and 2.3% for the whole EU — data used by central banks and governments when setting policy.