Economy of Portugal. Statistics, Data and Indicators
Portugal
| 44BBB- | Credit rank #69 |
| 166.71 | Quality of life #18 |
| 33 | Corruption rank#28 |
| 39 | Ease of doing business#34 |
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
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 21 % | 2023 |
| Personal Income Tax Rate | 48 % | 2023 |
| Sales Tax Rate | 23 % | 2023 |
| Social Security Rate | 34.75 % | 2023 |
| Social Security Rate For Companies | 23.75 % | 2023 |
| Social Security Rate For Employees | 11 % | 2023 |
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 |
