American Tourists Set to Drive Portugal’s Economic Growth in 2025, Boosting Service Exports and GDP to New Heights as Nearly Three Million US Visitors Are Expected

American tourists are set to drive Portugal’s economic growth in 2025, with nearly three million US visitors expected to contribute significantly to the country’s GDP. This surge in tourism is poised to boost service exports, especially in hospitality and tourism-related sectors, pushing Portugal’s economy to new heights. As American travelers flock to Portugal, their impact will be felt across various industries, from job creation to expanded local services, further cementing the country’s growing reputation as a top global destination.

The pivotal role of US tourism was recently underscored at the ‘Transatlantic Business Summit,’ hosted by AmCham Portugal at the Gulbenkian Foundation. The event celebrated not only the 75th anniversary of AmCham Portugal but also the 250th anniversary of the United States. The summit served as a reminder of the strong and enduring ties between the two nations, particularly the business, cultural, and tourism connections that continue to shape Portugal’s economic trajectory.

AmCham Portugal, established by a group of American entrepreneurs seeking to invest in Portugal, has grown to become an influential organization in the country. With over 300 corporate members, AmCham now focuses on fostering bilateral trade, advocacy, and services. The organization’s efforts have contributed significantly to the strengthening of economic relations between the US and Portugal, facilitating trade and investment that has grown exponentially over the years.

Trade between the two countries has risen from modest beginnings to an impressive €15 billion in 2024. Of that, €11 billion represents Portuguese exports to the US, while imports from the US account for €4.9 billion. As a result, the United States has become Portugal’s fourth-largest export market, with services—particularly tourism—playing a crucial role in this trade relationship. This shift toward service exports is a reflection of global trade trends, where services, rather than goods, are becoming increasingly vital for economic growth.

Portugal’s tourism industry has seen a significant boost thanks to the growing number of American visitors. In 2025, the country anticipates welcoming almost three million Americans, cementing the US as the third-largest source of international tourists. In 2024, 2.3 million Americans traveled to Portugal, and this figure is projected to rise by 4% in 2025. This upward trend highlights Portugal’s increasing appeal among American travelers, attracted by its vibrant culture, inviting climate, and one-of-a-kind travel experiences.

The tourism boom has had a ripple effect throughout Portugal’s economy, stimulating growth in hospitality, retail, and transportation sectors. As more American visitors flock to Portugal, there is an increased demand for local services, from accommodations to dining and transportation. This surge in demand has led to the creation of jobs and has contributed to the local economy, making tourism a critical pillar of Portugal’s growth strategy.

While Portugal has seen positive growth in service exports, its goods exports to the United States have encountered difficulties. In 2024, Portugal’s exports of goods to the US declined by 12.5%, likely influenced by the impact of US import tariffs on European Union countries. Despite this setback in goods exports, the country’s service sector, particularly tourism, has continued to thrive, helping to counterbalance the decline. This shift toward service-driven exports underscores Portugal’s ability to adapt to the evolving global trade landscape, with tourism emerging as a consistent and dependable contributor to the nation’s economy.

In addition to tourism, the growing trend of American relocators is further driving Portugal’s service export growth. Many Americans are choosing Portugal as their new home, attracted by its low cost of living, high quality of life, and welcoming environment. These relocators not only contribute to the housing market but also support local services, from healthcare to education, as they settle into their new lives. This growing expat community further strengthens the ties between the US and Portugal, bringing new investments and opportunities for local businesses.

Looking to the future, Portugal is set to continue benefiting from the surge in American visitors and business investments. The country’s thriving tourism sector, coupled with its strong relationship with the US, positions it for sustained economic growth. As the number of US visitors increases, so too will the demand for Portugal’s services, creating opportunities for further expansion in sectors such as hospitality, technology, and real estate.

American tourists are set to drive Portugal’s economic growth in 2025, with nearly three million US visitors expected to boost service exports and elevate the country’s GDP. This influx will have a significant impact on tourism and local industries, propelling the economy to new heights.

In conclusion, the United States has become an essential partner in Portugal’s economic growth, particularly through its service exports. The growing influx of American tourists, combined with an increasing number of relocators, has contributed significantly to Portugal’s expanding economy. As the US continues to play a central role in Portugal’s economic future, the relationship between the two nations is set to remain a key driver of growth and prosperity.