The United States has become the third largest source of foreign direct investment (FDI) in Portugal, surpassing China and the United Kingdom. Growth exceeded 149% in seven years.
The new data comes from a statistical review by the Bank of Portugal (BdP), with implications for several countries since 2023. The US showed the largest increase compared to the previous version, not only in absolute terms (an increase of €5.2 billion in the third quarter of 2025), but also in relative terms (46.8%).
With this new information, between the first quarter of 2019 (the start of the Bank of Portugal’s series) and the third quarter of 2025, growth was 143.1% — and not “only” 65.6%, as was thought a few months ago. However, the data from the last three months of last year should be considered, which saw a further increase, reaching €16.8 billion (149.3%). The starting point at the beginning of 2019 was €6.7 billion.
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