Thursday, May 23, 2024

Record levels of “business investment”

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Prime Minister, António Costa, has stated that the country should register a new maximum of business investment in the economy in 2023, noting that for the first time exports represented more than half of the Gross Domestic Product (GDP).

“In 2022 we had a record year for business investment in our country and by the first half of 2023 we were already above the first half of 2022. And therefore, probably, in 2023 we should set a new maximum for business investment in our country”, said António Costa.

In his speech, Costa gave an account of the trajectory that the Portuguese economy has taken in recent years, registering an increase in the “stock” of foreign direct investment of 40% since 2015.

The resigning prime minister also highlighted that for the first time in the country’s history, exports represented more than 50% of GDP, maintaining that this is the result of the ability to find markets, but also that what the country produces today has greater value than what traditionally produced.

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