Construction industry in Portugal is building up big and fast

Portugal’s construction industry is building itself into an economic powerhouse, according to new data.

Statistics Portugal has published its latest figures which reveal the sector has seen a sharp increase in GVA (gross value added), turnover and the number of firms operating in the space.

The figures, for 2024 - released in December 2025 - highlight that it now accounts for 7.3% of all non-financial enterprises in the country and 6.9% of their total turnover.

The details from the Instituto Nacional de Estatística reveal turnover increased to €39.1 billion (up 10.2%), GVA rose to €13 billion (up 12.8%), and the number of enterprises grew to 114,400 (up 6.1%).

In terms of employment, figures were up 7% to 460,400. This continues a rise in recent years and highlights the good health of the vital sector.

For larger enterprises with 20 or more employees, the value of works carried out reached €20 billion in 2024, the highest level since 2011 and reflecting a year-on-year increase of 10.9%.

Activity was mainly concentrated in building works, which accounted for 63.6% of the total and grew by 17.9%, driven by residential buildings (+30.7%).

Civil engineering recorded a more moderate evolution of 0.4% growth.

Statistics Portugal added: “Overall, these enterprises continued to demonstrate strong dynamism, largely driven by building works, particularly in the residential sector.”

Paul Stannard, Chairman and Founder of Portugal Pathways and the Portugal Investment Owners Club added: “These figures are very positive for such a key industry.

“They show the construction sector is building back stronger than ever before – providing a powerful spine to the national economy.”

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