fast-growing, high-income European economy; EU and NATO member; heavy Chinese infrastructure ownership; key tourism, banking, and telecommunications sectors; declining populations; major energy exporter
$347.694 billion (2021 est.)
$329.623 billion (2020 est.)
$359.46 billion (2019 est.)
note: data are in 2017 dollars
5.48% (2021 est.)
-8.3% (2020 est.)
2.68% (2019 est.)
$33,700 (2021 est.)
$32,000 (2020 est.)
$34,900 (2019 est.)
note: data are in 2017 dollars
$237.698 billion (2019 est.)
1.27% (2021 est.)
-0.01% (2020 est.)
0.34% (2019 est.)
Fitch rating: BBB (2007)
Moody's rating: Baa3 (2018)
Standard & Poors rating: BBB (2019)
note: The year refers to the year in which the current credit rating was first obtained.
agriculture: 2.2% (2017 est.)
industry: 22.1% (2017 est.)
services: 75.7% (2017 est.)
household consumption: 65.1% (2017 est.)
government consumption: 17.6% (2017 est.)
investment in fixed capital: 16.2% (2017 est.)
investment in inventories: 0.1% (2017 est.)
exports of goods and services: 43.1% (2017 est.)
imports of goods and services: -42.1% (2017 est.)
milk, tomatoes, olives, grapes, maize, potatoes, pork, apples, oranges, poultry
textiles, clothing, footwear, wood and cork, paper and pulp, chemicals, fuels and lubricants, automobiles and auto parts, base metals, minerals, porcelain and ceramics, glassware, technology, telecommunications; dairy products, wine, other foodstuffs; ship construction and refurbishment; tourism, plastics, financial services, optics
5.63% (2021 est.)
5.174 million (2021 est.)
agriculture: 8.6%
industry: 23.9%
services: 67.5% (2014 est.)
6.65% (2021 est.)
6.79% (2020 est.)
6.46% (2019 est.)
total: 23.1%
male: 20.6%
female: 26.2% (2021 est.)
17.2% (2018 est.)
32.8 (2019 est.)
on food: 16.6% of household expenditures (2018 est.)
on alcohol and tobacco: 3.2% of household expenditures (2018 est.)
lowest 10%: 2.6%
highest 10%: 25.9% (2015 est.)
revenues: $102.052 billion (2019 est.)
expenditures: $101.854 billion (2019 est.)
-3% (of GDP) (2017 est.)
125.7% of GDP (2017 est.)
129.9% of GDP (2016 est.)
note: data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions
22.04% (of GDP) (2020 est.)
calendar year
-$2.987 billion (2021 est.)
-$2.292 billion (2020 est.)
$1.013 billion (2019 est.)
$105.648 billion (2021 est.) note: data are in current year dollars
$85.128 billion (2020 est.) note: data are in current year dollars
$104.846 billion (2019 est.) note: data are in current year dollars
Spain 26%, France 12%, Germany 12%, United States 6%, United Kingdom 5% (2021)
cars and vehicle parts, refined petroleum, leather footwear, tires, paper (2021)
$112.413 billion (2021 est.) note: data are in current year dollars
$89.515 billion (2020 est.) note: data are in current year dollars
$103.009 billion (2019 est.) note: data are in current year dollars
Spain 31%, Germany 12%, France 6%, Italy 5%, Netherlands 5% (2021)
crude petroleum, cars and vehicle parts, refined petroleum, packaged medicines, natural gas (2021)
$32.535 billion (31 December 2021 est.)
$29.46 billion (31 December 2020 est.)
$25.003 billion (31 December 2019 est.)
$462.431 billion (2019 est.)
$483.206 billion (2018 est.)
euros (EUR) per US dollar -
0.845 (2021 est.)
0.876 (2020 est.)
0.893 (2019 est.)
0.847 (2018 est.)
0.885 (2017 est.)
NOTE: The information regarding Portugal on this page is re-published from the 2023 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Portugal 2023 information contained here. All suggestions for corrections of any errors about Portugal 2023 should be addressed to the CIA or the source cited on each page.
This page was last modified 06 Dec 23, Copyright © 2023 ITA all rights reserved.