Countries With The Most External Debt 2021
The world's ballooning debt was already threat to the global economic growth and financial stability before Covid-19. Things have since only gotten worse.
Portugal GDP and Economic Data
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 24.9 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
GDP (Purchasing Power Parity)
Intl$ 329.2 billion (2018, estimate)
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Real GDP growth
| 2014 | 2015 | 2016 | 2017* | 2018* |
| 0.9% | 1.8% | 1.9% | 2.8% | 2.1% |
*Estimate
Source
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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
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Unemployment rate
| 2014 | 2015 | 2016 | 2017* | 2018* |
| 12.4% | 11.1% | 8.9% | 7.0% | 6.1% |
*Estimate
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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
Source
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
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Government bond ratings
Standard & Poor's: BBB
Moody's: Baa3
Standard & Poor's / Moody's (Updated as of January 24th 2017)
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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
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Current account balance by percentage of GDP
-0.6 % (2018 estimate)
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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)
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 25.2%, 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
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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 )
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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
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 35.0% | 42.8% | 54.4% | 65.2% |
Literacy
Total population: 95.7%
Male: 97.1%
Female: 94.4%
Definition: age 15 and over can read and write (2015 est.)
Inequality of wealth distribution (Gini index)
35.5 (2015)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)
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Total telephone subscribers as % of population
Fixed: 49.5% Mobile: 115.6% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)