The Bank of Portugal published a statistical information note on direct investment in 2024, reporting foreign direct investment into Portugal of EUR 13.2bn and Portuguese direct investment abroad of EUR 7.2bn. At end-2024, the inward direct investment stock stood at EUR 200.3bn (71% of GDP), while the outward stock totalled EUR 76.0bn (27% of GDP). Inward direct investment transactions increased from EUR 11.1bn in 2023 to EUR 13.2bn in 2024, driven mainly by investment in the equity capital of Portuguese entities (EUR 11.1bn) and supported by real estate investment (EUR 3.5bn). On an immediate counterpart basis, the largest investors into Portugal were Spain (EUR 3.8bn), Luxembourg (EUR 3.1bn) and the Netherlands (EUR 1.4bn), while Portugal’s outward transactions were concentrated in European counterparties, notably the Netherlands (EUR 1.8bn), Spain (EUR 1.1bn) and Luxembourg (EUR 1.1bn). The note also distinguishes between immediate and ultimate (final) investor perspectives, highlighting intermediary jurisdictions and “round tripping” where the final investor is Portugal. Direct investment income paid to non-residents totalled EUR 12.0bn in 2024 (EUR 0.8bn lower than 2023), while income received from non-residents totalled EUR 5.4bn (EUR 0.3bn lower). The next update is scheduled for 27 May 2025.
Bank of Portugal 2025-02-26
Bank of Portugal publishes 2024 direct investment statistics showing EUR 13.2bn inward flows and an inward stock of EUR 200.3bn
The Bank of Portugal reported that foreign direct investment into Portugal reached EUR 13.2bn in 2024, with Portuguese direct investment abroad at EUR 7.2bn. Inward investment was primarily driven by equity capital and real estate, with Spain, Luxembourg, and the Netherlands as major investors. Direct investment income paid to non-residents was EUR 12.0bn, while income received was EUR 5.4bn.