Portuguese economy recorded a net lending of 2.5% Gross Domestic Product (GDP) in the second quarter of 2024, which represents an improvement of 0.2 percentage points compared with the previous quarter. Gross National Income (GNI) and Gross Disposable Income (GDI) increased by 1.4% and 1.5%, respectively (growths of 1.6% and 1.7%, by the same order, in the previous quarter). The increase in the economy's external balance reflected the improvement in the General Government and Households balances by 0.4 and 0.6 percentage points of GDP compared with the previous quarter.

The disposable income of Households sector increased by 2.2% compared to the previous quarter, with growths of 2.2% and 1.3% in compensation of employees and Gross Value Added (GVA), respectively. Final consumption expenditure grew by 1.4% (1.1% in the previous quarter), leading to an increase in the savings rate to 9.8% (9.2% in the previous quarter), which led to a net lending of 3.4% of GDP (2.8% of GDP in the previous quarter). In real terms, the adjusted GDI per capita of Households grew by 1.0% in the second quarter of 2024 (1.4% in the previous quarter).

The net borrowing of Non-Financial Corporations increased by 0.3 percentage points to 4.1% of GDP. GVA and compensation of employees increased by 1.3% and 2.4%, while Gross Capital Formation increased by 0.5%. The positive balance of Financial Corporations stood at 2.0% of GDP (0.4 percentage points less than in the previous quarter).

The balance of the General Government (GG) sector improved by 0.4 percentage points in the year ending in the second quarter of 2024, moving from a net lending of 0.9% to 1.3% of GDP. Considering quarterly values and not the year ending in the quarter, the GG balance in the second quarter of 2024 reached 1754.0 million euros, corresponding to 2.5% of GDP, which compares with 1.0% in the same period of the previous year. Compared to the same period of the previous year, there was an increase of 11.4% in revenue and 7.5% in expenditure. In the first half of 2024 the balance of GG sector was 1.2% of GDP, which compares with 1.1% in the first half of 2023.