O Estado do País

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What is happening

The most recent figures are for August 2026

Prices: fuel is rising faster than the rest

In August 2026, fuel was 23,78 %source · INE more expensive than a year earlier. Prices as a whole rose 3,30 %source · INE.

  1. Fuel prices, change over a year23,78 %
  2. Rent prices, change over a year5,22 %
  3. Prices of food and non-alcoholic beverages, change over a year2,14 %
  4. Home energy prices, change over a year1,36 %
  5. Inflation3,30 %
Inflation% change over twelve monthsfrom January nineteen ninety-two to August twenty twenty-six, % change over twelve months−5 %05 %10 %15 %199220002010202020269,41 %January 19929,26 %March 199210,31 %May 199210,02 %June 19929,99 %July 19929,56 %September 19929,33 %October 19928,93 %December 19928,60 %January 19937,56 %March 19936,55 %April 19935,95 %June 19936,12 %July 19936,06 %August 19936,54 %October 19936,85 %November 19936,49 %January 19946,28 %February 19946,09 %April 19945,84 %May 19945,75 %June 19945,09 %August 19944,89 %September 19944,29 %November 19944,34 %December 19944,57 %February 19954,82 %March 19954,68 %April 19954,00 %June 19953,86 %July 19954,14 %September 19954,10 %October 19953,55 %December 19952,56 %January 19962,47 %March 19962,85 %April 19963,31 %May 19963,61 %July 19963,48 %August 19962,92 %October 19963,04 %November 19963,34 %January 19972,91 %February 19972,68 %March 19972,26 %May 19972,04 %June 19972,10 %August 19972,05 %September 19972,27 %November 19972,46 %December 19971,76 %February 19981,90 %March 19982,47 %April 19982,88 %June 19983,07 %July 19982,54 %September 19982,96 %October 19983,17 %December 19982,70 %January 19992,78 %February 19992,86 %April 19992,34 %May 19992,13 %July 19991,96 %August 19991,97 %October 19992,06 %November 19991,96 %December 19991,83 %February 20001,55 %March 20002,54 %May 20002,89 %June 20003,45 %August 20003,38 %September 20003,73 %November 20003,86 %December 20004,45 %January 20015,12 %March 20014,49 %April 20014,53 %June 20014,30 %July 20014,12 %September 20014,09 %October 20013,96 %November 20013,57 %January 20023,26 %February 20023,51 %April 20023,33 %May 20023,45 %July 20023,73 %August 20023,97 %October 20024,03 %November 20023,97 %December 20024,12 %February 20033,75 %March 20033,60 %May 20033,27 %June 20032,76 %August 20033,02 %September 20032,91 %October 20032,37 %December 20032,23 %January 20042,25 %March 20042,34 %April 20042,67 %June 20042,77 %July 20042,36 %August 20042,19 %October 20042,47 %November 20042,02 %January 20052,13 %February 20052,07 %April 20051,83 %May 20052,12 %July 20052,59 %August 20052,87 %September 20052,56 %November 20052,58 %December 20052,96 %February 20063,90 %March 20063,75 %May 20063,67 %June 20063,12 %July 20063,08 %September 20062,67 %October 20062,51 %December 20062,57 %January 20072,33 %March 20072,74 %April 20072,44 %June 20072,38 %July 20072,06 %August 20072,57 %October 20072,79 %November 20072,83 %January 20082,86 %February 20082,48 %April 20082,78 %May 20083,35 %June 20083,02 %August 20083,10 %September 20081,38 %November 20080,78 %December 20080,20 %February 2009−0,48 %March 2009−0,54 %April 2009−1,59 %June 2009−1,54 %July 2009−1,66 %September 2009−1,46 %October 2009−0,05 %December 20090,12 %January 20100,57 %March 20100,72 %April 20101,06 %May 20101,89 %July 20101,98 %August 20102,35 %October 20102,29 %November 20103,60 %January 20113,56 %February 20114,02 %March 20113,84 %May 20113,41 %June 20112,91 %August 20113,55 %September 20113,93 %November 20113,61 %December 20113,60 %February 20123,15 %March 20123,01 %April 20122,71 %June 20122,77 %July 20122,88 %September 20122,13 %October 20121,92 %December 20120,17 %January 2013−0,03 %February 20130,18 %April 20130,71 %May 20130,76 %July 20130,15 %August 2013−0,25 %October 2013−0,15 %November 20130,06 %January 2014−0,08 %February 2014−0,37 %March 2014−0,44 %May 2014−0,42 %June 2014−0,36 %August 2014−0,37 %September 20140,02 %November 2014−0,36 %December 2014−0,39 %January 20150,31 %March 20150,40 %April 20150,80 %June 20150,77 %July 20150,88 %September 20150,63 %October 20150,64 %November 20150,78 %January 20160,40 %February 20160,48 %April 20160,33 %May 20160,61 %July 20160,72 %August 20160,88 %October 20160,58 %November 20160,88 %December 20161,55 %February 20171,37 %March 20171,45 %May 20170,91 %June 20171,14 %August 20171,39 %September 20171,39 %October 20171,47 %December 20171,03 %January 20180,69 %March 20180,40 %April 20181,52 %June 20181,58 %July 20181,40 %September 20180,96 %October 20180,86 %November 20180,48 %January 20190,94 %February 20190,77 %April 20190,42 %May 2019−0,32 %July 2019−0,09 %August 2019−0,11 %September 20190,32 %November 20190,42 %December 20190,38 %February 20200,05 %March 2020−0,72 %May 20200,13 %June 20200,14 %July 2020−0,14 %September 2020−0,07 %October 2020−0,23 %December 20200,30 %January 20210,45 %March 20210,55 %April 20210,51 %June 20211,47 %July 20211,54 %August 20211,83 %October 20212,58 %November 20213,34 %January 20224,19 %February 20227,20 %April 20228,00 %May 20228,73 %June 20228,94 %August 20229,28 %September 20229,94 %November 20229,59 %December 20228,25 %February 20237,43 %March 20233,98 %May 20233,39 %June 20233,07 %July 20233,58 %September 20232,12 %October 20231,42 %December 20232,30 %January 20242,29 %March 20242,21 %April 20243,06 %May 20242,53 %July 20241,86 %August 20242,32 %October 20242,47 %November 20242,54 %January 20252,39 %February 20251,85 %March 20252,26 %May 20252,37 %June 20252,76 %August 20252,40 %September 20252,21 %November 20252,19 %December 20252,10 %February 20262,71 %March 20263,35 %April 20263,22 %June 20263,30 %August 2026

Prices as a whole are measured on a basket of goods and services that represents what households buy.

On the harmonised measure that compares the countries of the Union, prices rose 3,6 %source · Eurostat in Portugal and 3,2 %source · Eurostat in the Union.

SourceINEAugust 2026EurostatAugust 2026

The figures in this block

See the price figures →

Housing: the average hides the renters

In Portugal, the share of people spending more than 40 % of their disposable income on housing is smaller than in the Union. Among people renting at market price, it is larger.

% of people, 2025

All people

  1. Portugal6,3
  2. European Union7,7

Renting at market price

  1. Portugal27,2
  2. European Union18,6

This total mixes very different situations, and the European Commission says it should be read together with the breakdown by tenure status.

House prices rose 17,6 %source · Eurostat in 2025, on the year’s average, against 5,5 %source · Eurostat in the Union. For the European Commission, a rise above 9 % in a year is a sign of a possible imbalance.

SourceEurostat2025INEAugust 2026

The figures in this block

See the housing figures →

Work: more employment, and more long-term unemployment

In 2025, the share of people aged 20 to 64 in work was larger in Portugal than in the Union, and unemployment was the same. But the share of people who had been looking for work for a year or more was larger.

In work, aged 20 to 64

  1. Portugal79,6 %
  2. European Union76,1 %

0100

Unemployment

  1. Portugal6,0 %
  2. European Union6,0 %

010

Long-term unemployment

  1. Portugal2,2 %
  2. European Union1,9 %

010

Employment is counted among people aged 20 to 64; unemployment, among those working or looking for work, aged 15 to 74.

Average pay before deductions for employees went from 1 746 euros a monthsource · INE in the 2nd quarter of 2025 to 1 835 euros a month (provisional data)source · INE in the 2nd quarter of 2026.

SourceEurostat2025INE2nd quarter of 20252nd quarter of 2026

The figures in this block

See the employment figures →

The state’s accounts

Public debt fell from 2024 to 2025 and is above the Union average. For the European Commission, debt above 60 % of GDP is a sign of a possible imbalance, and Portugal’s is above it.

% of GDP

Portugal

reference value 60 %

93,5
89,7
20242025

The Union

81,7
2025

It is everything general government owes, as a percentage of GDP, the value of everything the country produces in a year.

INE’s notification of 23.09.2026 already revises the 2025 debt to 89,2 %source · INE of GDP.

SourceEurostat20242025INE2025

The figures in this block

See the state and economy figures →

Poverty and inequality are not the same thing

In 2025, the share of people at risk of poverty or social exclusion was smaller in Portugal than in the Union. But the 20 % with the highest income received 4,86source · Eurostat times what the 20 % with the lowest income received, against 4,62source · Eurostat in the Union.

At risk of poverty or social exclusion, % of people

  1. Portugal18,6
  2. European Union20,9

025

How many times the income of the top 20 % is that of the bottom 20 %

  1. Portugal4,86
  2. European Union4,62

Both figures, Portugal’s and the Union’s, count the people in at least one of three situations: income below 60 % of their country’s median income, the one in the middle; severe material and social deprivation; or living in a household with very low work intensity. Each person counts only once.

SourceEurostat2025

The figures in this block

See the poverty and inequality figures →

To understand

Where to start

Recent studies

Quem governou a Câmara de Évora, 2009 a 2025: as eleições, os executivos, os pelouros e as decisões (in Portuguese)

ÉvoraGovernment and democracypublished on

Évora’s portfolios sit with the president’s own list in the terms for which the council publishes the split, and the municipality’s accounts are not cut in a way that lets anyone say what each councillor spent: in the 2021–2025 term, 12source · Município de Évora and 10source · Município de Évora portfolio designations split between two people (a portfolio is an area of the council’s work that the president assigns by order to a member of the executive); the council installed in 2025 has 7source · Secretaria-Geral do Ministério da Administração Interna (SGMAI) seats.

The European Commission’s reference values

In 2025, Portugal was outside 4 of the European Commission’s 13 reference values and within 9. Outside: government debt, the international investment position, the three-year change in unit labour cost and the annual change in house prices.

  • Government debt

    It is everything general government owes, as a percentage of GDP, the value of everything the country produces in a year.

    Portugal is above the European Commission’s reference value, which is 60 %.

  • What the country owns abroad minus what it owes (net international investment position)

    It is the difference between what residents of Portugal own in the rest of the world and what they owe to it, as a percentage of GDP, the value of everything the country produces in a year.

    Negative means the country owes abroad more than it owns there.

    Portugal is below the European Commission’s reference value, which is −35 %.

  • Labour cost per unit of output (unit labour cost)

    It is how much the cost of labour per unit produced rose over three years: what is paid for labour divided by what it produces.

    Portugal is above the European Commission’s reference value, which is 9 %.

  • House prices, annual change

    In 2025 the prices of homes bought by households rose 17,6 %source · Eurostat on average.

    Portugal is above the European Commission’s reference value, which is 9 %.

The reference values Portugal was within
  • Portugal’s share of advanced economies’ exports (export market share)

    It is how much Portugal’s share of the exports of advanced economies changed over three years: the part that Portugal’s exports of goods and services make up of the total exports of OECD countries and of EU countries outside the OECD. Positive means Portugal gained share.

    Portugal is above the European Commission’s reference value, which is −3 %.

  • Debt of (non-financial) companies

    It is what companies owe in loans and debt securities, excluding financial companies, as a percentage of GDP, the value of everything the country produces in a year.

    Portugal is below the European Commission’s reference value, which is 85 %.

  • Household debt

    It is what households and non-profit institutions serving them owe in loans and debt securities, as a percentage of GDP, the value of everything the country produces in a year.

    Portugal is below the European Commission’s reference value, which is 55 %.

  • Credit flow to (non-financial) companies

    It is how much credit companies took on in a year, minus what they repaid, excluding financial companies and foreign direct investment, as a percentage of the debt they already had at the end of the previous year.

    Portugal is below the European Commission’s reference value, which is 13 %.

  • Credit flow to households

    It is how much credit households and non-profit institutions serving them took on in a year, minus what they repaid, as a percentage of the debt they already had at the end of the previous year.

    Portugal is below the European Commission’s reference value, which is 14 %.

  • Current account balance

    It is the difference between what Portugal received from the rest of the world and what it paid to it, in goods, services and income, averaged over the last three years and as a percentage of GDP, the value of everything the country produces in a year. Positive means the country received more than it paid.

    Portugal is between the European Commission’s reference values, which are −4 % and 6 %.

  • People who work or are looking for work (activity rate)

    It is how much the share of the population aged 15 to 64 that is active, working or looking for work, changed over three years, in percentage points. Positive means the active share grew.

    Portugal is above the European Commission’s reference value, which is −0,2 pp.

  • Prices compared with trading partners, including the exchange rate (real effective exchange rate)

    It measures the price competitiveness of Portugal against its main competitors, allowing for inflation and exchange rates, over three years. A rise is an appreciation: prices in Portugal increase relative to those of its partners and price competitiveness falls.

    Portugal is between the European Commission’s reference values, which are −3 % and 3 %.

  • Unemployment rate

    It is the share of people aged 15 to 74 who are out of work, among those who work or are looking for work.

    Portugal is below the European Commission’s reference value, which is 10 %.

Portugal in the European Union →