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. [33]
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
WebJun 15, 2023 · Economic 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 …
WebThe current account deficit widened from 0.8% of GDP in 2021 to 1.3% in 2022, driven by exceptionally high prices of energy imports. In real terms, exports grew much faster than imports due mainly to the strong recovery in tourism. The current account balance is forecast at around 1% of GDP for 2023 and 2024.
WebThe COVID-19 crisis is threatening social and economic progress. The COVID-19 pandemic has raised multiple challenges for Portugal and exacerbated existing weaknesses. It triggered a major health crisis, reversed the strong recovery from the last downturn and caused the deepest post-war recession (Figure 1.1).
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.
Economic forecast for Portugal - European Commission - Economy …
WebThe latest macroeconomic forecast for Portugal. Last update (15/02/2024) Winter 2024 Economic Forecast: A delayed rebound in growth amid faster easing of inflation. Portugal’s economy picked up in the last quarter of 2023 amid a slight recovery of economic sentiment and solid employment growth.
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.
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.
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