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 (2018): Spain, Germany, and France
Top 3 Exported Goods (2018): 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) [1]

GDP, PPP (current international) $343,569,579,621 (2018)
GDP Growth Rate (annual %) 2.441% (2018)
GDP Per Capita, PPP (current international) $33,415 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 54/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 0.994% (2018)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 39.8% (2019)
Real Interest Rate (5 year average %) 4.313% (2016)
Manufacturing, value added (% of GDP) 12.16% (2018)
Current Account Balance (BoP, current US$) $956,877,938 (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 5,180,909 (2019)
Employment in Agriculture (% of total employment) 6.28% (2019)
Employment in Industry (% of total employment) 24.401% (2019)
Employment in Services (% of total employment) 69.319% (2019)
Unemployment Rate 6.129% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $104,537,042,875 (2018)
Exports of goods and services (current US$) $104,745,718,328 (2018)
Total Merchandise Trade (% of GDP) 65.261% (2018)
FDI, net inflows (BoP, current US$) $4,859,073,658 (2018)
Commercial Service Exports (current US$) $38,631,281,824 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank