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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 254 USD Billion 2021
GDP Annual Growth Rate 3.1 % 4Q/22
GDP Growth Rate 0.2 % 4Q/22
GDP per capita 20831 USD 2021
Inflation Rate YoY 8.3 % Jan/23
Interest Rate 2.5 % Dec/22
Unemployment Rate 5.8 % 3Q/22
Wages 1188 EUR/ Month | 1292.569 USD/Month 2019
Balance of Trade -2433 EUR Million | -2.651 B USD Nov/22
Current Account -533 EUR Million | -0.581 B USD Nov/22
Foreign Exchange Reserves 30335 EUR Million | 33.053 B USD Dec/22
Government Debt 279873 EUR Million | 304.946 B USD 3Q/22


GDP Indicators

Indicator Data Period
GDP Value 254 USD Billion 2021
GDP Annual Growth Rate 3.1 % 4Q/22
GDP Growth Rate 0.2 % 4Q/22
GDP per capita 20831 USD 2021
Gross National Product 60800 EUR Million | 66.152 USD Billion 3Q/22
GDP Constant Prices 52691 EUR Million | 57.329 B USD 3Q/22
GDP per capita PPP 33675 USD 2021
GDP From Agriculture  955 EUR Million | 1.039 B USD 3Q/22
GDP From Construction  1918 EUR Million | 2.087 B USD 3Q/22
GDP From Manufacturing  6542 EUR Million | 7.118 B USD 3Q/22
GDP From Services  9090 EUR Million | 9.89 B USD 3Q/22
GDP From Transport  4157 EUR Million | 4.523 B USD 3Q/22
GDP From Utilities  1531 EUR Million | 1.666 B USD 3Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 127 % 2021
Government Budget Value -3263 EUR Million | -3.555 USD Billion Nov/22
Government Spending 9054 EUR Million | 9.865 USD Billion 3Q/22
Government Debt 279873 EUR Million | 304.946 USD Billion 3Q/22
Government Revenues 51561 EUR Million | 56.18 USD Billion Nov/22
Fiscal Expenditure  54824 EUR Million | 59.735 B USD Nov/22
Government Budget to GDP -2.9 % 2021
Government Spending to GDP 48.1 % 2021
Military Expenditure 4909 USD Million | 4.909 B USD 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 117 index points Dec/22
Food Inflation 19.91 % Dec/22
Gasoline Prices 1.57 USD/Liter Jan/23
GDP Deflator 5 % 3Q/22
Inflation Rate YoY 8.3 % Jan/23
Producer Prices 130 index points Dec/22
Inflation Rate Mom -0.9 % Jan/23
Core Consumer Prices 114 Index Points Dec/22
Core Inflation Rate 7.03 % Jan/23
CPI Housing Utilities 133 Index Points Dec/22
CPI Transportation 113 Index Points Dec/22
Harmonised Consumer Prices 116 Index Points Dec/22
Producer Prices Change  10.6 % Dec/22


Trade Indicators

Indicator Data Period
Current Account to GDP -1.1 % 2021
Weapons Sales 46 USD Million 2020
Balance of Trade -2433 EUR Million | -2.651 USD Billion Nov/22
Capital Flows -356 EUR Million | -0.388 USD Billion Nov/22
Current Account -533 EUR Million | -0.581 USD Billion Nov/22
Exports 7204 EUR Million | 7.849 USD Billion Nov/22
External Debt 405306 EUR Million | 441.616 USD Billion 3Q/22
Foreign Exchange Reserves 30335 EUR Million | 33.053 USD Billion Dec/22
Imports 9637 EUR Million | 10.5 USD Billion Nov/22
Tourism Revenues  1227 EUR Million | 1.337 B USD Nov/22
Tourist Arrivals 2924439 Persons | 2.924 Million Persons Nov/22


Money Indicators

Indicator Data Period
Bank Lending Rate 4.24 % Nov/22
Gold Reserves 383 Tonnes 3Q/22
Interbank Rate 2.07 % Dec/22
Interest Rate 2.5 % Dec/22
Loans to Private Sector 75375 EUR Million | 82.128 USD Billion Dec/22
Money Supply M0 34699 EUR Million | 37.808 USD Billion Dec/22
Money Supply M1 203974 EUR Million | 222.247 USD Billion Dec/22
Money Supply M2 315482 EUR Million | 343.745 USD Billion Dec/22
Central Bank Balance Sheet 198597 EUR Million | 216.388 B USD Dec/22
Foreign Direct Investment 1874 EUR Million | 2.042 B USD Nov/22


Labor Indicators

Indicator Data Period
Minimum Wages 887 EUR/Month | 965.075 USD/Month 1Q/23
Retirement Age Men 66.58 2022
Retirement Age Women 66.58 2022
Unemployment Rate 5.8 % 3Q/22
Wages 1188 EUR/ Month | 1292.569 USD/Month 2019
Youth Unemployment Rate 18.2 % Nov/22
Employed Persons 4870 Thousand Person | 4.87 Million Person Nov/22
Employment Change  -0.2 % 3Q/22
Employment Rate  56.7 % 3Q/22
Full Time Employment 4566 Thousand Person 3Q/22
Job Vacancies 6786 | 6.786 K Dec/22
Labor Force Participation Rate 60.2 % 3Q/22
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 2.5 % 3Q/22
Part Time Employment 363 Thousand Persons 3Q/22
Unemployed Persons 339 Thousand Persons | 0.339 Million Persons Nov/22
Unemployment Change 7598 Persons | 7.598 K Persons Nov/22
Wage Growth  10.6 % Nov/22
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 3735 GWh Oct/22
Industrial Production 2.5 % Dec/22
Mining Production -12.15 % Dec/22
Car Production 24277 Units | 24.277 Units Dec/22
Industrial Production (MoM) 4.1 % Dec/22


Business Indicators

Indicator Data Period
Business Confidence 1.4 index points Jan/23
Corruption Index 62 index points 2022
Corruption Rank 33 place 2022
Ease of Doing Business 39 place 2019
Manufacturing Production 0.51 % Dec/22
Competitiveness Index 70.45 Index Points 2019
Competitiveness Rank 34 2019
Leading Economic Index  5.5 % Dec/22


Consumer Indicators

Indicator Data Period
Consumer Confidence -37 index points Jan/23
Private Debt To GDP 254 % 2021
Retail Sales MoM -3.1 % Dec/22
Retail Sales YoY -1.8 % Dec/22
Consumer Credit 129250 EUR Million | 140.829 USD Billion Dec/22
Consumer Spending 33264 EUR Million | 36.244 USD Billion 3Q/22
Disposable Personal Income 47879 EUR Million | 52.168 B USD 3Q/22
Households Debt To GDP 63.6 % 2Q/22
Households Debt To Income 94.23 % 2021


Housing Market

Indicator Data Period
Construction Output 0.5 % Nov/22