Portugal GDP

Portugal country overview

Before we start to discuss Portugal GDP first we discuss Portugal’s country overview, so Portugal is officially called the Portuguese Republic.

Portugal is located in Southwestern Europe. Lisbon is the capital and largest city of Portugal. Its official language is Portuguese. When we talk about its ethnic groups, so 95% Portuguese and 5% non-Portuguese live in Portugal.

In the religious divide, 84% Christians and 16% non-Christians live in Portugal. Portugal’s government system is the Unitary semi-presidential republic.

Its president name is Marcelo Rebelo de Sousa. Portugal’s prime minister’s name is Antonio Costa. Portugal’s total land area is 92,213 km2.

Its land area rank is 109th in the world. Its total population is 10,344,800 in the year 2021. Its population density is 112/km2.

Portugal Economy

Portugal’s currency is called the Euro. Portugal’s economy is generally called the developed and advanced economy and also a high-income economy.

The inflation rate in Portugal is -0.1% in the year 2020. 17% of its total population is living below the poverty line. Its HDI rate is 0.865 in the year 2019.

Its HDI rate is considered the very high HDI rate in the world. Its HDI rank is 38th in the world. The unemployment rate in Portugal is 6.8% in the year 2021.

Its gross external debt is Euro 400 billion in the year 2016. Portugal’s foreign reserves are $20 billion in the year 2015.

Portugal GDP

Its total GDP is $257 billion (nominal) and $370 billion (PPP) in the year 2021. Portugal’s GDP rank is 47th (nominal) and 52nd (PPP) in the year 2021.

Its GDP growth rate is 4% in the year 2021. Its GDP per capita is $25,100 (nominal) and $36,000 (PPP) in the year 2021. Its GDP per capita rank is 36th (nominal) and 38th (PPP) in the year 2021.

When we talk about its GDP by sector, so agriculture was 2.4%, industry 23%, and services 74% in the year 2013.

Portugal Exports

Portugal’s total exports are Euro 84 billion in the year 2018. Its main export goods are Food products, Chemicals, rubber, wood, machinery, textile, and others.

Its main export partners are Spain, Germany, the USA, the UK, the Netherlands, and others.

Portugal Imports

Its total imports are Euro 80 billion in the year 2018. Its main import partners are Chemicals, wood products, clothing, machinery, transport, optical, and others.

Its main import partners are Spain, Germany, Italy, China, the UK, and others.

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