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Portugal GDP and Economic Data
Country Report 2017 - Includes Portugal real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Portugal economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Portugal best banks and safest banks are also available.
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International Reserves
USD 11.5 billion (2016)
International Monetary Fund (IMF), data retrieved January 2017
Gross Domestic Product - GDP
USD 213.0 billion (2017, estimate)
GDP (Purchasing Power Parity)
Intl$ 306.8 billion (2017, estimate)
Real GDP growth
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 1.6% | 2.5% | 0.2% | -3% | 1.9% | -1.8% | -4% |
| 2013 | 2014 | 2015 | 2016* | 2017* | ||
| -1.1% | 0.9% | 1.5% | 1% | 1.1% |
*Estimate
GDP per capita - current prices
USD 20,429.4 (2017, estimate)
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.44% | 0.47% | 0.42% | 0.31% | 0.2% |
*Estimate
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GDP - composition by sector
- agriculture: 2.4%
- industry: 21.9%
- services: 75.9%
(2016 estimate)
Gross domestic expenditure on R&D; (% of GDP)
1.3% (2014)
OECD, data retrieved January 2017
Inflation
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 0.4% | -0.2% | 0.5% | 0.7% | 1.1% |
*Estimate
Unemployment rate
| 2013 | 2014 | 2015* | 2016* | 2017* |
| 16.2% | 13.9% | 12.4% | 11.2% | 10.7% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2013 | 2014 | 2015* | 2016* | 2017* |
| 129% | 130.2% | 129% | 128.4% | 128.2% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2013 | 2014 | 2015* | 2016* | 2017* |
| -4.8% | -7.2% | -4.4% | -3% | -3% |
*Estimate
Government bond ratings
Standard & Poor's: BB+
Moody's: Ba1
Standard & Poor's / Moody's (Updated as of January 24th 2017)
Source
Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| USD 79.2 billion | USD 57.8 billion | USD 59.8 billion |
Largest companies
EDP-Energias de Portugal, Galp Energia, Jeronimo Martins, Banco Comercial Portugues, Banco BPI.
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Current account balance by percentage of GDP
-0.7% (2017 estimate)
Exports as percent of GDP (Exports of goods and services)
40.3% (2015)
Shares in world total merchandising export
0.3% (2015)
Shares in world total commercial services export
0.6% (2015)
Export commodities
Agricultural products, foodstuffs, wine, oil products, chemical products, plastics and rubber, hides, leather, wood and cork, wood pulp and paper, textile materials, clothing, footwear, machinery and tools, base metals
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Import commodities
Agricultural products, chemical products, vehicles and other transport material, optical and precision instruments, computer accessories and parts, semiconductors and related devices, oil products, base metals, food products, textile materials
Exports - major partners
Spain 25%, France 12.1%, Germany 11.8%, UK 6.7%, US 5.2%, Angola 4.2%, Netherlands 4% (2015)
Imports - major partners
Spain 32.9%, Germany 12.9%, France 7.4%, Italy 5.4%, Netherlands 5.1% (2015)
FDI inflows
| 2013 | 2014 | 2015 |
| USD 2,672 million | USD 7,614 million | USD 6,031 million |
FDI outflows
| 2013 | 2014 | 2015 |
| USD -2,043 million | USD 4,108 million | USD 8,167 million |
Value of cross-border M&A, by country of purchaser
| 2012 | 2013 | 2014 | 2015 |
| USD -4735.2 million | USD -578.0 million | USD -602.0 million | USD -378.2 million |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 25 out of 190 countries (2017)
Subcategories:
Starting a business: 32 out of 190 countries
Enforcing Contracts: 19 out of 190 countries
Registering Property: 27 out of 190 countries
Getting Credit: 101 out of 190 countries
Protecting Minority Investors: 70 out of 190 countries
Trading Across Borders: 1 out of 190 countries
Paying Taxes: 38 out of 190 countries
Dealing with Construction Permits: 35 out of 190 countries
Getting Electricity: 50 out of 190 countries
Resolving Insolvency: 7 out of 190 countries
Source
Global competitiveness ranking
46 out of 138 countries
(2016-2017)
Index of Economic Freedom
Ranking: 64 / Score: 65.08 (Moderately free) (2016)
(100=totally free 0=totally repressed )
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Languages
Portuguese (official), Mirandese (official, but locally used)
Religions
Roman Catholic 81%, other Christian 3.3%, other (includes Jewish, Muslim, other) 0.6%, none 6.8%, unspecified 8.3% (2011 est.)
Total population
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 10.005 million | 10.29 million | 10.573 million | 10.419 million | 10.456 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 35% | 43% | 54% | 64% |
Literacy
Total population: 95.7%
Male: 97.1%
Female: 94.4% (2015 est.)
(age 15 and over can read and write)
Inequality of wealth distribution (Gini index)
36.0 (2012)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Political Rights: 1
Civil Liberties: 1 (2017)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed 44.14% Mobile 110.41% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)