According to comprehensive reports from WorldWay, the data released by the National Institute of Statistics of Portugal shows that in the third quarter of this year, Portugal's economy grew by 1.1% year-on-year, an increase of 0.3% compared to the previous quarter. Due to rising domestic demand, the contribution of private consumption to Portugal's GDP increased from 1.7 percentage points in the second quarter to 1.9 percentage points in the third quarter. During the period from July to September, external net demand contributed negatively to Portugal's GDP by 0.9 percentage points, compared to a positive contribution of 0.8 percentage points in the previous quarter.
The quarterly statistical data released by INE today indicates that due to the significant contribution of private consumption to the national economy, Portugal's Gross Domestic Product (GDP) in the third quarter increased by 0.3% compared to the previous quarter. In the third quarter of this year, there was a trend of investment slowdown, with a year-on-year growth of 1.5%, and an increase of 3.7% compared to the second quarter.
Due to increased domestic demand, particularly reflected in investment growth, the contribution index of domestic demand to GDP rose from a negative 0.9 percentage points in the second quarter to a positive 1.1 percentage points in the third quarter. Meanwhile, external net demand showed a negative value.
The growth rate of exports of goods and services increased from 2% in the second quarter to 2.9% in the third quarter, while imports grew by 5% compared to the same period last year.
The Portuguese government has implemented various policies to attract foreign investment to stimulate the economy. Among these, the real estate immigration program is one of the important measures. According to the latest statistics, the "monthly income" brought to Portugal by the Golden Residence Permit policy in October this year reached an all-time high of 126 million euros. Through the Golden Residence Permit policy, Portugal has received a total of 1.076 billion euros in investment, of which 972 million euros (90%) has been injected into the real estate sector. From October 8, 2012, to October 31, 2014, a total of 1,775 individuals obtained the Golden Residence Permit, of which 1,429 were Chinese nationals. Chinese investors have undoubtedly become the main force in real estate immigration to Portugal, significantly driving the recovery of the Portuguese real estate economy.
As a leading institution in Portugal's investment immigration, WorldWay strengthens in-depth communication with the governments of immigration countries to grasp the latest and most accurate immigration policies; establishes strategic cooperation with top local developers, possessing a large number of uniquely advantageous properties; and has an independent customer service office in Portugal to provide clients with immigration processing, comprehensive property management, and real estate management services. Currently, WorldWay has successfully assisted hundreds of Chinese investors in completing investments in Portugal and obtaining immigration status, with the number of immigration applications submitted ranking among the top in the country. For more comprehensive and professional investment and immigration services in Portugal, visit WorldWay Investment Immigration. Domestic inquiry phone: 400-138-2929
Edited by WorldWay
