Portugal was distinguished, this Sunday, as the “economy of the year”, by the British magazine The Economistwhich compiled economic data from the 36 richest countries in the world.
For the fifth consecutive year, the magazine produced a ranking of the 36 richest countries in the world to find the better performance economy.
This year, Portugal appears in first position, dethroning Spain, last year’s winner, which, this year, fell to fourth position.
To prepare this list, the magazine compiled data from five economic indicators – inflation, the inflation gap, Gross Domestic Product (GDP), employment and stock market performance.
“Em 2025, [Portugal] managed to combine strong GDP growth, low inflation and a rising stock market”, writes the magazine.
Driven by GDP and employment in Portugal, according to The Economistthey are tourism, at a time when “many rich foreigners are moving to the country to take advantage of low tax rates.”
In second place in this classification comes the Irelandfollowed by Israel.
In the worst positionseconomies appear mainly in northern Europe: Estonia, Finland and Slovakia are the last in this compilation of indicators.
“It’s about reforming with courage”
In a publication on the X network, the prime minister, Luis Montenegrostated that “the distinction between The Economist it’s fair acclaim of merit and work of the Portuguese and reinforces the Government’s motivation to follow the path that has brought us here in the last few months.”
“It is about reforming with courage and making the country more competitive and productive that we will continue to create jobs, increase wages and strengthen the welfare state. This way, we will give more well-being and a better future to the Portuguese”, the prime minister wrote.
It is with hope and confidence that we see exceptional international recognition for Portugal. The distinction by “The Economist” magazine that the “economy of the year” was the Portuguese one is a fair acclaim of the merit and work of the Portuguese and reinforces the Government’s motivation in…
— Luís Montenegro (@LMontenegro_PT)
Government forecasts point to economic growth of 2% this year and 2.3% next year.
