Portuguese economy recorded a net lending of 2.9% Gross Domestic Product (GDP) in the fourth quarter of 2024, representing an increase of 0.2 percentage points compared with the previous quarter. Gross National Income (GNI) and Gross Disposable Income (GDI) increased by 2.1% and 1.9%, respectively (both indicators recorded identical growth of 1.8% in the previous quarter). The increase in the economy's external balance mainly reflected the improvement in the Households balance by 0.8 percentage points of GDP.

The disposable income of Households sector increased by 3.1% compared to the previous quarter, with growths of 2.2% and 1.7% in compensation of employees received and Gross Value Added (GVA), respectively. Final consumption expenditure grew by 1.9% (1.5% in the previous quarter), leading to an increase in the savings rate to 12.2% (11.1% in the previous quarter), which led to a net lending of 4.7% of GDP (3.9% of GDP in the third quarter). In real terms, the adjusted GDI per capita of Households grew by 2.0% in the fourth quarter of 2024 (1.3% in the previous quarter).

The balance of Non-Financial Corporations was more negative by 0.5 percentage points, standing at -4.4% of GDP in the fourth quarter of 2024. GVA and compensation of employees paid increased by 2.0% and 2.3%, respectively, while Gross Capital Formation decreased by 0.7%. In turn, the balance of Financial Corporations stood at 1.9% of GDP (0.1 percentage points less than in the previous quarter).

The positive balance of the General Government (GG) sector stood at 0.7% of GDP in the year ending in the fourth quarter of 2024, the same as observed in the previous quarter (1.2% in 2023). Considering quarterly values and not the year ending in the quarter, the GG balance in the fourth quarter of 2024 reached -3,235 million euros, corresponding to -4.3% of GDP (-4.6%in the same period of the previous year). Compared to the same period of the previous year, revenue increased by 3.3% and expenditure by 3.1%.