Protest and civil unrestHigh
Protest activity is high and periodically disrupts business districts and roads.
Country risk assessment ยท Europe
Portugal political and security risk assessment
Portugal carries a low level of political and security risk for business. It scores 20 out of 100 on the Zed Three World Threat Map (band 1 of 5), up 1 on last week and broadly stable over the last 12 weeks. Last updated Nov 2, 2026.
20of 100
Low
Band 1 of 5
▲ Up 1 on last week
Europe
Portugal
What is the political and security risk in Portugal right now?
Portugal carries a low level of political and security risk for business. It scores 20 out of 100 on the Zed Three World Threat Map (band 1 of 5), up 1 on last week and broadly stable over the last 12 weeks.
Little changed at Low, with no standing risk flags.
On the economic side, real GDP grew 1.9% in 2025 with inflation at 2.3%.
What are the main risks of operating in Portugal?
Armed conflict and political violenceElevated
Armed violence is reported regularly in some areas.
What has changed recently in Portugal?
Portugal moved up 1 this week and rose 3 points over the last 12 weeks, from 17 to 20.
What happens next? Outlook for the next 1 to 3 months
We assess it is likely that Portugal stays in the Low band through the end of December. It sits 5 points from the Guarded band.
60 to 75%
0%50%100%
Likelihood ranges are editorial judgments, not advice.
What does it mean for shipping, supply chains and operations?
Trade equals 86% of GDP (2025 data). A highly open economy, so local disruption travels quickly through supplier networks.
Operating conditions are normal. Standard security precautions apply.
Key facts
GDPUS$346.6 billionLatest data, 2025
Real GDP growth1.9%Latest data, 2025
Inflation2.3%Latest data, 2025
Trade86% of GDPLatest data, 2025
Population10.8 millionLatest data, 2025
How has the Portugal threat score moved?
Frequently asked questions
What is the political and security risk in Portugal for business?
Portugal carries a low level of political and security risk for business. It scores 20 out of 100 on the Zed Three World Threat Map (band 1 of 5), up 1 on last week and broadly stable over the last 12 weeks.
What are the main geopolitical risks of operating in Portugal?
The main risk drivers are protest and civil unrest (high); armed conflict and political violence (elevated). Protest activity is high and periodically disrupts business districts and roads.
What is the outlook for Portugal?
We assess it is likely (60 to 75%) that Portugal stays in the Low band through the end of December. It sits 5 points from the Guarded band.
How often is the Portugal risk assessment updated?
The Portugal threat score is updated weekly on the Zed Three World Threat Map, and this assessment is reviewed monthly. It was last updated Nov 2, 2026.
Related country assessments
Published by Zed Three, a private, independent risk intelligence company. Assessment last updated Nov 2, 2026. Threat score updated weekly, last on Nov 2, 2026. General analysis for informational purposes, not security, legal or investment advice.
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