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2023/11/10 13:12:57

Economy of Portugal

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Content

The main articles are:

GDP

2022

Industry's share of GDP is less than 15%

GDP size forecast - $0.25 trillion

Countries in terms of GDP in 2022 according to the IMF forecast for the middle of the year

2021: Agriculture's share of GDP - 2.2%

Data for 2021

Non-financial debt

2022: Aggregate non-financial debt

Source: Spydell Finance, November 2022
Comparison of the 1 quarter of 2022 and the second quarter of 2008
Non-financial debt from September 2004 to March 2022

National debt

2023: State debt - 116% of GDP

Data for September 2023

2022: Foreigners leave the country's public debt

In Europe, the number of external debt holders of PIGS countries - Portugal, Italy, Greece and Spain - is sharply decreasing. As of December 2022, more than half of investors in them left

2021:127% OF GDP

2020:135% OF GDP

Inflation

2022

Inflation in November - 10.1%

Data for November 2022

Inflation in July - 9.1%

Inflation in Europe in July 2022.
UK data - for June, inflation in July - 10.1%

Financial sector

2023: How hackers have been robbing Portuguese banks for several years

On May 25, 2023, SentinelLabs revealed details of a prolonged cyber attack targeting customers of Portuguese financial institutions. As part of the so-called Operation Magalenha, attackers have been robbing victims since at least 2021. Read more here.

Power

2023: State contributions to pay for energy by citizens and companies reached 4% of GDP

State donations of European countries to pay for energy by citizens and companies from 2021 to January 2023, caused by the refusal of energy purchases from Russia

2022

Share of solar and wind power - 31.5%

As of October 2022

Rise in electricity prices due to pressure on Russia

Динамика роста цен на electric power from August 1, 2021 to August 1, 2022 in countries Europe

2020: Energy consumption per capita

and
Energy consumption per capita, including electricity, transport heating in 2019-2020

Lithium mining

2022:600 tonnes of lithium produced

Lithium production and reserves in countries around the world, 2022

2021: Lithium production - 900 tonnes

2021

Agriculture

2019: Average use of pesticides in agriculture

As of 2019

Infocommunication technologies

Communication

Main article: Communication (Portuguese market)

Social media

Percentage of users Facebook of the total number of Internet users in Europe. Data at the beginning of 2019

Mechanical engineering

2021: 230,000 cars produced

Data for 2021

Foreign trade

2022

Trade deficit with China

Decline in trade with Russia amid conflict in Ukraine

According to INE, in the first half of 2022, amid the conflict on, there was a To Ukraine noticeable decrease in the export of Portuguese goods in. Russia It amounted to just under 47.5 million euros, or almost 43% less than the first half of 2021.

Tourism

Data for 2018
As of 2018

Labour market

2022: Proportion of workers aged 65 or over - above 5%

Data for 2022

2021: Portugal legally banned from calling employees remotely during non-working hours

On November 5, 2021, remote workers in Portugal can get a healthier work-life balance under new labor legislation approved by the country's parliament. Under the new rules, employers can be fined for contacting workers after hours. Read more here.

Salaries

2023: Minimum wage - $690

Minimum wage in countries of the world for January 2023

2017: Average monthly salary

Average monthly salary in Europe and Kazakhstan. Data for 2017

Unemployment

2023: Youth unemployment 17.2%

2022: Unemployment rate - 6.1%

Безработица в countries EU and Britain for July 2022

2020: Unemployment rate - 8.1%

Countries around the world in terms of unemployment in 2020

Real estate

2022: 18.7% property cent rise - 30-year record

House prices in Portugal rose by 18.7% in 2022, a record in the last 30 years. Most Portuguese people believe that the country is going through a housing crisis and want the government to abolish benefits for foreigners, including the golden visas program.

Consumption

2023: Fish consumption is higher than meat consumption

The most consumed type of meat (including fish and seafood) according to data available for June 2023.

2019

Pork is the most consumed type of meat

The most consumed type of meat at the end of 2019

Beer consumption in liters per year per person

Потребление beer per capita, data from early 2019
Годовое потребление beer per capita population in litres at 5% ABV in 2019

2018

Per capita tea consumption per kg per year

Потребление tea per capita, population kg per year. Data for 2018

Milk consumption in liters per year per person

Milk consumption in liters per year per person. Data at the end of 2018