In the second quarter, the total stock of Portuguese investment abroad (IPE) grew by 4.8 per cent to 65.9 billion euros. According to data released by the Bank of Portugal (BdP), IPE increased by 8.4 per cent compared to the same quarter last year. These results are less than half of Portugal's total foreign direct investment (FDI).
The stock of foreign direct investment in Portugal (FDI) at the end of the second quarter totalled 174 billion euros, an increase of 0.9 per cent (1.5 billion euros more) and 3.8 per cent compared to the same quarter last year.
Between the end of 2008 and the end of the first quarter of 2023, FDI and PSI stocks grew significantly. FDI more than doubled between the two periods, while FDI increased by 26 per cent.
In the first half of this year, Portugal's direct investment abroad totalled 3.4 billion euros. FDI transactions reached 2 billion euros, leveraged by property investment by non-residents in Portugal. The investment made by investors resident in European countries stands out.
Within the scope of IPE, the first six months of the year totalled 3.4 billion euros. The main focus of this total was investment by companies in the electricity, gas and water sectors in companies resident on the European continent.
Compared to the figures presented by the Portuguese bank, FDI increased, and IPE remained stable. This proves to be lower than the EU and OECD averages from 2008 to 2022.
Source: CCIPV / The Portugal News