Economy of Portugal - Wikipedia
WebThe economy of Portugal is ranked 34th in the World Economic Forum 's Global Competitiveness Report for 2019. [31] . The great majority of the international trade is done within the European Union (EU), whose countries received 71.4% of the Portuguese exports and were the origin of 74.6% of the Portuguese imports in 2020. [32] .
Portugal - Economy, Agriculture, Tourism | Britannica
WebEconomy of Portugal. Portugal was the world’s richest country when its colonial empire in Asia, Africa, and South America was at its peak. Because this wealth was not used to develop domestic industrial infrastructure, however, Portugal gradually became one of western Europe’s poorest countries in the 19th and 20th centuries.
Portugal Economic Snapshot - OECD
WebEconomic Survey of Portugal - 15 June 2023. The Portuguese economy has rebounded strongly from the COVID-19 crisis. Though high inflation and weak global economic conditions have slowed growth in 2022, renewed fiscal support helped to cushion the impact. Public debt relative to GDP has declined below its 2019 level, but rapid …
Economic forecast for Portugal - European Commission - Economy …
WebPortugal’s economy picked up in the last quarter of 2023 amid a slight recovery of economic sentiment and solid employment growth. According to the flash estimate, GDP rose by 0.8% (q-o-q) in 2023-Q4 after shrinking by 0.2% in the previous quarter.
WebPortugal’s significant post-pandemic economic recovery fuelled by a strong rebound in tourism has slowed. GDP growth increased from 5.5% in 2021 to 6.7% in 2022. By the first quarter of 2022, Portugal had already fully recovered the large loss in economic activity in 2020. However, after a
WebThe COVID-19 crisis is threatening social and economic progress Mitigating the social and economic impact of the pandemic The COVID-19 outbreak has triggered a major health crisis The economic recovery is fraught with risks Policy support should continue, but adapt to the evolution of the pandemic Strengthening macroeconomic fundamentals for a s...
OECD Economic Surveys: Portugal 2021 - OECD iLibrary
WebKey policy insights. copy the linklink copied! The COVID-19 crisis is threatening social and economic progress. The COVID-19 pandemic has raised multiple challenges for Portugal and exacerbated existing weaknesses.
Portugal: use post-COVID-19 recovery plan to bolster growth and ... - OECD
WebAfter an 8.4% drop in 2020, Portugal’s GDP is projected to rebound by 4.8% in 2021 and 5.8% in 2022, helped by the fact that close to 90% of the population is now fully vaccinated, the highest rate in the OECD. Nevertheless, economic activity in key sectors like tourism, transport and hospitality is still below pre-crisis levels.
WebPortugal’s economy rebounded by 4.5% (quarter-on-quarter) in 2021-Q2, as the gradual relaxation of pandemic-related restrictions pushed up consumer demand. Sales of durable goods rose substantially against the backdrop of accumulated savings and pent-up demand.
Portugal | OECD Economic Outlook, Volume 2022 Issue 1 - OECD …
WebPortugal. Real GDP is projected to grow by 5.4% in 2022 and 1.7% in 2023. Robust public investment, boosted by EU funds, and the return of tourism exports are set to support the recovery. Yet, the war in Ukraine, supply-chain disruptions and increases in energy and commodity prices will weigh on activity, lowering confidence and purchasing power.
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