Portugal: Economy

Economic Trivia

Portugal is the world's leading cork producer.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners: Spain, Germany, and France
Top 3 Exported Goods: Motor Vehicles & Parts, Electrical Machinery, and Oil & Mineral Fuels

Top Industries Source: CIA World Factbook

Textiles; Clothing; Footwear; Wood and Cork

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international $) $280 billion (2013)
GDP Growth Rate (annual %) -1.355% (2013)
GDP Per Capita, PPP (current international $) $26,759 (2013)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 53/192 (2013)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 0.274% (2013)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 42.4% (2014)
Real Interest Rate (5 year average %) 1.74% (1999)
Manufacturing, value added (% of GDP) 12.675% (2013)
Current Account Balance (BoP, current US$) $1,159,917,152 (2013)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 5,375,621 (2013)
Employment in Agriculture (% of total employment) 10.5% (2012)
Employment in Industry (% of total employment) 25.6% (2012)
Employment in Services (% of total employment) 63.8% (2012)
Unemployment Rate 16.5% (2013)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $87,021 million (2013)
Exports of goods and services (current US$) $89,246 million (2013)
Total Merchandise Trade (% of GDP) 60.817% (2013)
FDI, net inflows (BoP, current US$) $7,882 million (2013)
Commercial Service Exports (current US$) $24,269,892,381 (2012)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Portugal’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary