According to the figures from the Bank of Portugal, the US has seen investment grow by 149.3% between 2019 and the end of 2025.

That’s up from €6.7bn at the start of 2019 to €16.8bn by the end of last year.

The figures have been buoyed by a host of significant investments by US companies. These include Lone Star Funds, which is finalising the sale of Novo Banco, KKR which acquired Greenvolt and investments by the likes of Goldman Sachs, Westlake Corporation, Visteon and UPS.

Technology companies such as IBM, Amazon Web Services, Google, and Microsoft also have a strong presence. Notably, Microsoft announced late last year plans to invest around $10 billion in data centres in Sines.

US investment in Portugal is fueling its growing economy

Banking and insurance have seen the biggest influx of US money, along with the manufacturing sector.

Overall, Portugal’s neighbour Spain remains the biggest source of FDI (€30.7bn) with France in second, just ahead of the US, with €18.8bn.

Paul Stannard, founder and chairman of Portugal Pathways said: “Where growth thrives, so significant investment follows.

“Portugal is well-placed, well-connected, welcoming to investors and has a strong labour force. The key ingredients to fuel economic growth.

“We are not surprised the US has so significantly increased its FDI and we expect to see it continue to rise over the years to come.”

To find out how you can invest in Portugal, arrange a free discovery call with Portugal Pathways

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About Portugal Pathways

‍‍Portugal Pathways has supported hundreds of Golden Visa residency-by-investment applications and provides expert guidance through its professional supply chain network on estate planning, wealth management, Golden Visa and tax optimisation, including post-NHR / IFICI tax regime planning, as well as private healthcare, money transfers and bespoke relocation and luxury real estate solutions to enhance life and investment in Portugal

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Disclaimer: The information on the Portugal Pathways and Portugal Investment Owners Club (P Club for short) websites and in email communications is for general informational purposes only and should not be construed as legal, tax, or financial advice. You should consult and check with a qualified professional advisor before relying on any information provided on this website or in email communications. As it relates to investments in Golden Visas or other wealth management solutions offered by regulated and professional advisors, it is important to note that past performance is no guarantee of future returns. Private equities can be highly illiquid and come with risk and should always be under professional independent advice. Golden Visa investments need to be held for 6 to 7 years to allow for permanent citizenship/passport in the EU.