Portugal: Foreign direct investment in Portugal falls 17.9 pct in first half

22 August 2008

Lisbon, Portugal, 22 Aug – Foreign investment in Portugal fell 17.9 percent in the first half of 2008, compared with the same period of the previous year, according to figures issued Thursday in Lisbon by the Bank of Portugal.

The figures for the balance of payments published in the Bank of Portugal’s statistical bulletin showed that foreign investment in the Portuguese economy fell by 442 million euros to 2 billion euros in the period under review.

At the same time, the Portuguese also invested less in foreign markets, with that indicator falling by over 50 percent in the same period.

Direct investment by Portugal in foreign markets fell 60 percent, to 895 million euros in the first six months of the year. In June 2007 that figures totalled 2.2 billion euros.

In net terms (investment in Portugal minus Portuguese foreign investment) there was an improvement as at the end of June 2007 there was a surplus of 217 million euros, a figure which now stands at 1.1 billion euros. (macauhub)