Worlddata.info

Indicators of economy in Portugal

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Portugal, on the other hand, reached USD 24.262 per capita, or 249.89 billion USD in the whole country. Portugal is therefore currently ranked 48 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Portugal is in the list of the world's richest countries in place 39.

Inflation in Portugal was in 2021 at around 1.27%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 23.6% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Portugal

Impact of the Covid-19 pandemic

Overall, the gross domestic product in Portugal in 2020 decreased moderatly from 239.99 billion US Dollar to 228.54 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 4.8% is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 57 percent. The unemployment rate rose from 6.5 to 6.8 percent. The country's gross debt increased by 10.4%. The inflation rate has fallen from 0.3 percent previously to zero percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Portugal
Total
Portugal
per capita
EU
Total
EU
per capita
GDP249.89 bn USD24,262.18 USD17.09 tn USD33,228.68 USD
Gross national product244.40 bn USD23,729.07 USD16.78 tn USD32,621.03 USD


Portugal ranked 37th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 4 of the 2000 largest listed companies in the world originate from Portugal. This is determined annually in the Forbes Global 2000 list. The 4 largest companies in the country were in 2021:

Rank 466: Edp-energias De Portugal (Lisbon)
Rank 1297: Jeronimo Martins (Lisbon)
Rank 1607: Galp Energia (Lisbon)
Rank 1676: Banco Comercial Portugues (Porto)

Development of the Gross domestic product in billion US Dollar 1960 - 2021


Household debt and deficits 2021


 Portugal
Total
Portugal
per capita
EU
Total
EU
per capita
Gross debt318.42 bn USD30,916.34 USD15.07 tn USD29,300.11 USD
Budget deficit7.07 bn USD686.36 USD799.24 bn USD1,554.11 USD


Im- and Exports 2021

 Portugal
Total
Portugal
per capita
EU
Total
EU
per capita
Imports111.86 bn USD10,860.56 USD8,916.24 bn USD17,337.55 USD
Exports105.30 bn USD10,223.43 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in billions of USD 1975 - 2021

Exports
Imports



Portugal: AirportsLargest airports and airlines in PortugalThe 18 biggest airports and 7 airlines in Portugal with further information and data
Portugal: Public HolidaysPublic holidays in Portugal 2022-2026Statutory and inofficial holidays in Portugal for 2022 to 2026
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.