Economy of Portugal - Wikipedia
WebThe economy of Portugal is ranked 34th in the World Economic Forum's Global Competitiveness Report for 2019. 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
WebSimilar to those of other western European countries, Portugal’s economy is now dominated by services; manufacturing constitutes a significant share of output, while agricultural output is relatively minor, accounting for less than 3 percent of output.
Portugal Economic Snapshot - OECD
WebThe 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.
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
Portugal: Policies for a Strong Economy - IMF
WebJul 1, 2022 · After a deep pandemic-induced recession, the Portuguese economy gained ground in 2021 and GDP surpassed its pre-pandemic level in the first quarter of 2022. The recovery was driven by strong domestic demand and a bounce back in tourism from the second half of 2021, aided by one of the world’s highest vaccination rates.
Webexamination of the economic situation of member countries. The economic situation and policies of Portugal were reviewed by the Committee on 4 May 2021.
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.
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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