Why Portugal’s stability matters more than ever

Paulo Lopes

Lisbon: I have recently come across an important development that I believe is worth sharing with my readers. Portugal has reaffirmed its position as a stable and well-functioning democracy, earning recognition as one of the world’s few full democracies in 2024. After years of being categorized as a democracy with flaws, our country has once again joined an exclusive group of nations that uphold strong democratic values and governance. This achievement is not just symbolic; it reflects Portugal’s growing economic success, political stability, and increasing public confidence in our institutions.

What makes this moment even more significant is its connection to our economic resilience. Over the past few years, Portugal has experienced steady growth, driven by strong exports, increased foreign investment, and a thriving tourism sector. This economic strength has contributed to political stability by reducing financial uncertainty and preventing budgetary conflicts that have destabilized governments elsewhere. The responsible management of public debt and fiscal policies has strengthened national confidence and reinforced the government’s ability to implement long-term strategies for development.

Our democratic culture has also played a crucial role in this success. Portugal consistently upholds free and fair elections, supports a pluralistic political environment, and maintains a strong commitment to civil liberties. These factors not only enhance the quality of governance but also make Portugal an attractive destination for business and investment. A stable democracy provides security for investors and fosters an environment where innovation and entrepreneurship can thrive.

While other European countries have faced increasing polarization and governance challenges, Portugal has demonstrated resilience by fostering a collaborative and pragmatic political approach. The growing public support for democracy, as shown in recent surveys, reflects the effectiveness of our policies in promoting inclusivity and national progress. In a world where political uncertainty is rising, it is reassuring to see our institutions strengthening rather than weakening.

This renewed status as a full democracy should inspire us to further enhance political participation and civic engagement. While we rank highly in electoral processes and civil liberties, greater public involvement in shaping policies will ensure that Portugal’s democratic success is sustained for the future. Encouraging a culture of participation will only reinforce the positive trajectory we are on.

Portugal’s recognition as a full democracy is not just a milestone; it is a testament to our ability to balance economic progress with political stability. By maintaining our commitment to democratic values, responsible governance, and economic growth, we are positioning ourselves as a model of stability in an increasingly unpredictable world. This momentum should give us all confidence—citizens and businesses alike—that Portugal remains a country where stability, inclusivity, and long-term progress are not just aspirations, but a reality.