The Gross Value Added (GVA) of companies rose to 120.3 billion euros (+8.9% compared to 2023 and +29.3% since 2019), representing 47.8% of domestic supply.
The companies’ contribution to GDP and the increase in domestic supply (69.5% of the total) reflect a sustained recovery in national production and investment.
Exports remained relevant (31.8% of demand), with services gaining weight — driven by tourism, construction and technology — and the external balance of goods and services improving to 1.3%.
Gross Capital Formation stood at 14.2%, pointing to dynamism in investment, especially in housing construction.
In financial ratios, there was a clear improvement: gross trading margin of 49.2%, net profitability (EBIT) of 8.2% and cash generation equivalent to 16% of the business.
Financial autonomy rose to 46.9% and interest-bearing debt fell to 24.6%, while the average payment period was reduced to 62 days and the critical treasury shortage time increased to almost three months, signaling less exposure to liquidity risks.
Analyzing by sectors, Construction maintained strong growth, supported by housing demand. Industry and Forestry created the most value (26.7 billion euros) and show reduced economic and financial risk. Commerce, Transport and Accommodation consolidated the recovery and Financial and Insurance Activities benefited from the context of interest rates and the recovery of financial services.
Iberinform concludes that the Portuguese business fabric is more balanced and capable of self-financing, with historic levels of liquidity and greater strategic maturity, reinforcing the role of companies in the country’s investment, innovation and competitiveness.