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Economy of Portugal. Statistics, Data and Indicators

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Portugal
44BBB- Credit rank #69
166.71 Quality of life #18
33 Corruption rank#28
39 Ease of doing business#34
Portugal


Portugal Major Economic Indicators

Indicator Data Period
GDP Value 252 USD Billion 2022
GDP Annual Growth Rate 2.3 % 2Q/23
GDP Growth Rate 0 % 2Q/23
GDP per capita 22113 USD 2022
Inflation Rate YoY 3.6 % Sep/23
Interest Rate 4.5 % Sep/23
Unemployment Rate 6.1 % 2Q/23
Wages 1044 EUR/ Month | 1107.575 USD/Month 2023
Balance of Trade -2400 EUR Million | -2.546 B USD Aug/23
Current Account 790 EUR Million | 0.838 B USD Jul/23
Foreign Exchange Reserves 30722 EUR Million | 32.593 B USD Sep/23
Government Debt 279976 EUR Million | 297.025 B USD 2Q/23


GDP Indicators

Indicator Data Period
GDP Value 252 USD Billion 2022
GDP Annual Growth Rate 2.3 % 2Q/23
GDP Growth Rate 0 % 2Q/23
GDP per capita 22113 USD 2022
Gross National Product 66561 EUR Million | 70.614 USD Billion 2Q/23
GDP Constant Prices 53925 EUR Million | 57.209 B USD 2Q/23
GDP per capita PPP 35746 USD 2022
GDP From Agriculture  911 EUR Million | 0.966 B USD 2Q/23
GDP From Construction  2025 EUR Million | 2.148 B USD 2Q/23
GDP From Manufacturing  6237 EUR Million | 6.617 B USD 2Q/23
GDP From Services  9495 EUR Million | 10.073 B USD 2Q/23
GDP From Transport  4664 EUR Million | 4.948 B USD 2Q/23
GDP From Utilities  1666 EUR Million | 1.767 B USD 2Q/23


Budget Indicators

Indicator Data Period
Government Debt to GDP 114 % 2022
Government Budget Value -2284 EUR Million | -2.423 USD Billion Aug/23
Government Spending 9031 EUR Million | 9.581 USD Billion 2Q/23
Government Debt 279976 EUR Million | 297.025 USD Billion 2Q/23
Government Revenues 37715 EUR Million | 40.012 USD Billion Aug/23
Fiscal Expenditure  39998 EUR Million | 42.434 B USD Aug/23
Government Budget to GDP -0.4 % 2022
Government Spending to GDP 44.8 % 2022
Military Expenditure 3500 USD Million | 3.5 B USD 2022


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 118 index points Aug/23
Food Inflation 6.85 % Aug/23
Gasoline Prices 1.96 USD/Liter Sep/23
GDP Deflator 7.7 % 2Q/23
Inflation Rate YoY 3.6 % Sep/23
Producer Prices 126 index points Aug/23
Inflation Rate Mom 1.1 % Sep/23
Core Consumer Prices 116 Index Points Aug/23
Core Inflation Rate 4.48 % Aug/23
CPI Housing Utilities 125 Index Points Aug/23
CPI Transportation 119 Index Points Aug/23
Harmonised Consumer Prices 120 Index Points Aug/23
Producer Prices Change  -5.2 % Aug/23


Trade Indicators

Indicator Data Period
Current Account to GDP -1.3 % 2022
Weapons Sales 2 USD Million 2022
Balance of Trade -2400 EUR Million | -2.546 USD Billion Aug/23
Capital Flows 913 EUR Million | 0.969 USD Billion Jul/23
Current Account 790 EUR Million | 0.838 USD Billion Jul/23
Exports 5324 EUR Million | 5.648 USD Billion Aug/23
External Debt 403246 EUR Million | 427.802 USD Billion 2Q/23
Foreign Exchange Reserves 30722 EUR Million | 32.593 USD Billion Sep/23
Imports 7723 EUR Million | 8.193 USD Billion Aug/23
Tourism Revenues  3092 EUR Million | 3.28 B USD Aug/23
Tourist Arrivals 2155976 Persons | 2.156 Million Persons Aug/23


Money Indicators

Indicator Data Period
Bank Lending Rate 5.98 % Aug/23
Gold Reserves 383 Tonnes 2Q/23
Interbank Rate 3.88 % Sep/23
Interest Rate 4.5 % Sep/23
Loans to Private Sector 73243 EUR Million | 77.703 USD Billion Aug/23
Money Supply M0 34235 EUR Million | 36.32 USD Billion Aug/23
Money Supply M1 183448 EUR Million | 194.619 USD Billion Aug/23
Money Supply M2 302551 EUR Million | 320.975 USD Billion Aug/23
Central Bank Balance Sheet 190795 EUR Million | 202.414 B USD Aug/23
Foreign Direct Investment 2134 EUR Million | 2.264 B USD Jul/23


Labor Indicators

Indicator Data Period
Minimum Wages 887 EUR/Month | 941.014 USD/Month 3Q/23
Retirement Age Men 66.58 2022
Retirement Age Women 66.58 2022
Unemployment Rate 6.1 % 2Q/23
Wages 1044 EUR/ Month | 1107.575 USD/Month 2023
Youth Unemployment Rate 20.3 % Aug/23
Employed Persons 4963 Thousand Person | 4.963 Million Person Aug/23
Employment Change  1.3 % 2Q/23
Employment Rate  57 % 2Q/23
Full Time Employment 4571 Thousand Person 2Q/23
Job Vacancies 9493 | 9.493 K Aug/23
Labor Force Participation Rate 60.8 % 2Q/23
Living Wage Family 990 EUR/Month | 1116.122 USD/Month 2018
Living Wage Individual 670 EUR/Month | 755.355 USD/Month 2018
Long Term Unemployment Rate 2.6 % 2Q/23
Part Time Employment 408 Thousand Persons 2Q/23
Unemployed Persons 318 Thousand Persons | 0.318 Million Persons Aug/23
Unemployment Change 11031 Persons | 11.031 K Persons Aug/23
Wage Growth  11.6 % Jul/23
Wages High Skilled 1430 EUR/Month | 1612.176 USD/Month 2018
Wages Low Skilled  659 EUR/Month | 742.954 USD/Month 2018


Taxes



Production Indicators

Indicator Data Period
Electricity Production 3568 GWh Jul/23
Industrial Production -4.01 % Aug/23
Mining Production 7.26 % Aug/23
Car Production 23691 Units | 23.691 Units Jun/23
Industrial Production (MoM) 0.7 % Aug/23


Business Indicators

Indicator Data Period
Business Confidence 1.3 index points Sep/23
Corruption Index 62 index points 2022
Corruption Rank 33 place 2022
Ease of Doing Business 39 place 2019
Manufacturing Production -5.49 % Aug/23
Competitiveness Index 70.45 Index Points 2019
Competitiveness Rank 34 2019
Leading Economic Index  4.3 % Aug/23


Consumer Indicators

Indicator Data Period
Consumer Confidence -22.9 index points Sep/23
Private Debt To GDP 235 % 2022
Retail Sales MoM -3 % Aug/23
Retail Sales YoY -0.3 % Aug/23
Consumer Credit 128046 EUR Million | 135.843 USD Billion Aug/23
Consumer Spending 33127 EUR Million | 35.144 USD Billion 2Q/23
Disposable Personal Income 54378 EUR Million | 57.689 B USD 2Q/23
Households Debt To GDP 59.6 % 1Q/23
Households Debt To Income 89.8 % 2022


Housing Market

Indicator Data Period
Construction Output 6.1 % Jul/23