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 (2021): Spain, Germany, and France
Top 3 Exported Goods (2021): Motor Vehicles & Parts, Electrical Machinery, and Industrial Machinery

Top Industries Source: CIA World Factbook

Textiles; Clothing; Footwear; Wood and Cork

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $430,226,600,852 (2022)
GDP Growth Rate (annual %) 6.686% (2022)
GDP Per Capita, PPP (current international) $41,452 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 53/197 (2022)

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 %) 7.833% (2022)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 39.8% (2019)
Real Interest Rate (5 year average %) 4.313% (2016)
Manufacturing, value added (% of GDP) 12.419% (2022)
Current Account Balance (BoP, current US$) ($2,986,907,578) (2021)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 5,289,425 (2022)
Employment in Agriculture (% of total employment) 5.154% (2021)
Employment in Industry (% of total employment) 23.948% (2021)
Employment in Services (% of total employment) 70.898% (2021)
Unemployment Rate 5.781% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $132,491,972,301 (2022)
Exports of goods and services (current US$) $126,093,750,922 (2022)
Total Merchandise Trade (% of GDP) 78.221% (2022)
FDI, net inflows (BoP, current US$) $9,099,403,315 (2022)
Commercial Service Exports (current US$) $31,931,861,661 (2021)
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