Source
Central bank

Bank of Portugal

International Reserves

USD 24.9 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 238.5 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 329.2 billion (2018, estimate)

Real GDP growth
2014 2015 2016 2017* 2018*
0.9% 1.8% 1.9% 2.8% 2.1%

*Estimate

GDP per capita - current prices

USD 23,186.3 (2018, estimate)

GDP per capita - PPP

Intl$ 32,006.4 (2018, estimate)

GDP (PPP) - share of world total

0.24% (2019, estimate)

 
 
Source
GDP - composition by sector
  • agriculture: 2.0% 
  • industry: 19.5% 
  • services: 65.0%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

1.3% (2017)

OECD, retrieved October 2019

Inflation
2014 2015 2016 2017* 2018*
0.5% 0.6% 1.6% 1.2% 0.9%

*Estimate

Unemployment rate
2014 2015 2016 2017* 2018*
12.4% 11.1% 8.9% 7.0% 6.1%

*Estimate

Household saving rates

-4.2% (2018)

 

Public debt (General government gross debt as a % of GDP)
2014 2015 2016 2017* 2018*
128.8% 129.2% 123.9% 120.1% 117.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2014 2015 2016 2017* 2018*
-4.3% -2.0% -2.9% -0.4% -0.2%

*Estimate

Government bond ratings

Standard & Poor's: BBB

Moody's: Baa3

Standard & Poor's / Moody's (Updated as of January 24th 2017)

Market value of publicly traded shares
2016 2017 2018
USD 57.3 billion USD 75.6 billion USD 61.9 billion
Largest companies

Edp-energias De Portugal, Galp Energia, Jeronimo Martins, Banco Comercial Portugues

 
 
Source
Current account balance

USD -1.5 billion (2018 estimate)

Current account balance by percentage of GDP

-0.6 % (2018 estimate)

Exports as percent of GDP (Exports of goods and services)

43.6% (2018)

Shares in world total merchandising export

0.35% (2018)

Shares in world total commercial services export

0.65% (2018)

Total exports

USD 104.9 billion (2018 estimate)

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

Total imports

USD 102.9 billion (2018 estimate)

 
 
Source
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 25.2%, France 12.5%, Germany 11.3%, UK 6.6%, US 5.2%, Netherlands 4% (2017)

Imports - major partners

Spain 32%, Germany 13.7%, France 7.4%, Italy 5.5%, Netherlands 5.4% (2017)

FDI inflows
2016 2017 2018
USD 6,310 million USD 6,946 million USD 4,895 million
FDI outflows
2016 2017 2018
USD 2,716 million USD -2,409 million USD 271 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
USD -378 million USD -989 million USD -2,539 million USD -544 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: 39 out of 190 countries (2019)

Subcategories:

Starting a Business: 63 out of 190 countries

Dealing with Construction Permits: 60 out of 190 countries

Getting Electricity: 52 out of 190 countries

Registering Property: 35 out of 190 countries

Getting Credit: 119 out of 190 countries

Protecting Minority Investors: 61 out of 190 countries

Paying Taxes: 43 out of 190 countries

Trading across Borders: 1 out of 190 countries

Enforcing Contracts: 38 out of 190 countries

Resolving Insolvency: 15 out of 190 countries

World Bank - Doing Business 2019

Global competitiveness ranking

34 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 62 / Score: 65.3 (Moderately free) (2019)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC 0

Total area

92,090 sq km

Capital

Lisbon

Currency

Euros (EUR)

Government type

Semi-presidential republic

Languages

Portuguese (official), Mirandese (official, but locally used)

Religions

Roman Catholic 81%, other Christian 3.3%, other (includes Jewish, Muslim) 0.6%, none 6.8%, unspecified 8.3% (2011 est.)

Total population
1990 2000 2010 2015 2020*
9.98 million 10.29 million 10.57 million 10.36 million 10.25 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
35.0% 42.8% 54.4% 65.2%
Population median age

43.7 years (2018 estimate)

Population growth rate

-0.27% (2018 estimate)

Life expectancy

80.9 years (2018 estimate)

Literacy

Total population: 95.7% 
Male: 97.1% 
Female: 94.4%
Definition: age 15 and over can read and write (2015 est.)

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

35.5 (2015)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed: 49.5% Mobile: 115.6% (2018)

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

74.66 % (2018)

Mercer Cost of living index

Lisbon: 95th (2019)

CO2 emissions

4.33 metric tons per capita (2014)

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