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 (2019): Spain, Germany, and France
Top 3 Exported Goods (2019): 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) $351,324,212,851 (2020)
GDP Growth Rate (annual %) -8.442% (2020)
GDP Per Capita, PPP (current international) $34,091 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 52/197 (2020)

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 %) -0.012% (2020)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 39.8% (2019)
Real Interest Rate (5 year average %) 4.313% (2016)
Manufacturing, value added (% of GDP) 11.862% (2020)
Current Account Balance (BoP, current US$) ($2,424,896,236) (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 5,190,690 (2020)
Employment in Agriculture (% of total employment) 5.692% (2020)
Employment in Industry (% of total employment) 24.557% (2020)
Employment in Services (% of total employment) 69.751% (2020)
Unemployment Rate 7.2% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $89,460,439,432 (2020)
Exports of goods and services (current US$) $84,633,154,315 (2020)
Total Merchandise Trade (% of GDP) 60.878% (2020)
FDI, net inflows (BoP, current US$) $10,320,042,522 (2019)
Commercial Service Exports (current US$) $25,309,624,095 (2020)
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


  1. The World Bank