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 (2014): Spain, Germany, and France
Top 3 Exported Goods (2014): Motor Vehicles & Parts, Oil & Mineral Fuels, and Electrical Machinery

Top Industries Source: CIA World Factbook

Textiles; Clothing; Footwear; Wood and Cork

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $299,134,379,737 (2014)
GDP Growth Rate (annual %) 0.906% (2014)
GDP Per Capita, PPP (current international) $28,760 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 51/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) -0.278% (2014)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 41% (2015)
Real Interest Rate (5 year average %) 1.74% (1999)
Manufacturing, value added (% of GDP) 13.273% (2014)
Current Account Balance (BoP, current US$) $1,204,922,307 (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 5,379,280 (2014)
Employment in Agriculture (% of total employment) 5.5% (2014)
Employment in Industry (% of total employment) 24.9% (2014)
Employment in Services (% of total employment) 69.5% (2014)
Unemployment Rate 14.2% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $91,281,072,468 (2014)
Exports of goods and services (current US$) $92,148,200,434 (2014)
Total Merchandise Trade (% of GDP) 61.791% (2014)
FDI, net inflows (BoP, current US$) $12,410,035,269 (2014)
Commercial Service Exports (current US$) $31,118,280,665 (2014)
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