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General profile: Portugal

GENERAL INFORMATION FOR 2023
Exchange rate
Population
Population
Exchange rates
GDP
GDP
10.431 Millions
..
290 867 Millions current US$
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 91 606 km²
5.26 %
3.51 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+1.7 %
Merchandise exports growth rate in 2023
Total merchandise trade
(millions of US$)
2005
2010
2015
2023
Merchandise exports
38 150
49 406
55 047
83 857
Merchandise imports
61 184
77 749
66 914
113 440
Merchandise trade balance
-23 034
-28 343
-11 867
-29 583
Export structure by product group in 2023
(as % of total exports)
5 %5 %75 %75 %7 %7 %14 %14 %
Top 5 partners in 2023
(exports, millions of US$)
21 63410 9219 0815 6613 94321 63410 9219 0815 6613 943
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2023
Services exports
15 097
23 150
27 640
55 895
Services imports
9 483
14 766
14 031
25 601
Services trade balance
5 614
8 384
13 609
30 294
Services exports by main category²
(as % of total services)
2005
2010
2015
2023
Transport
19.9
25.4
22.9
19.8
Travel
50.8
43.5
46.6
48.6
Other services
(e) 23.8
(e) 27.5
(e) 27.6
(e) 29.1
TRADE INDICES
More data on UNCTADstat
114110109101111108107103100949186847972828579989598999999100101100979694959698949798
ECONOMIC TRENDS
More data on UNCTADstat
+3.5 %
Gross domestic product growth rate in 2023
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
GDP, current
197 175
237 881
199 314
290 867
GDP per capita, current US$
18 773
22 487
19 220
27 886
Real GDP growth, y-on-y, %
0.78
1.74
1.79
3.51
Current account balance, % of GDP
-9.60
-10.26
0.24
1.36
Exchange rate (/US$)
0.804
0.754
0.901
..
GDP by expenditure in 2022
(as % of total GDP)
64.217.620.749.652.064.217.620.749.652.0
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+1.2 %
FDI outflows as % of GDP in 2023
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
FDI inflows
3 011.21
1 988.49
9 181.74
7 220.41
FDI outflows
2 628.36
-10 065.06
4 810.76
3 556.13
Personal remittances, % of GDP
2.20
2.30
3.53
..
Financial flows trends
(millions of US$)
10 296.310 643.09 692.49 228.29 114.88 235.57 128.87 036.58 034.97 308.96 566.46 141.15 467.15 517.86 414.35 815.54 912.54 331.14 385.03 849.33 523.94 023.23 712.47 2209 7789 6157 68312 2517 1816 9285 6899 1824 5668 2208 1535 9571 9881 2822 1043 0207 4713 0112 5617 9841 6306 1966 560FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2023
Balance, % of GDP
-8.55
-7.32
1.40
1.22
Balance, % of imports
-23.88
-19.47
3.54
2.66
Normalized balance
-0.136
-0.108
0.017
0.013
Trade openness²
(sum of imports and exports as % of GDP)
931018576878684798181797674686272706963
LIVING AREA
Population by living area in 2023
(% of population)
Urban 68%Urban 68%Rural 32%Rural 32%
OTHER INDICATORS
More data on UNCTADstat
1.182 %
Share of the total world merchant fleet in 2023
Maritime transport indicators
 
2005
2010
2015
2023
Merchant fleet, national flag (thousands of DWT)
1 757
1 288
5 259
26 913
Container port throughput (TEU)
..
1 636 246
2 739 185
..
Information economy indicators
(as % of)
2005
2010
2015
2023
Share of ICT goods, % of total exports
8.44
4.01
2.45
..
Share of ICT goods, % of total imports
8.78
5.70
4.94
..
Share of workforce involved in the ICT sector
2.59
(r) 2.64
..
..
Source: UN Trade and Development, UNCTADstat (https://unctadstat.unctad.org/datacentre)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
q
Estimated. Data refers to 2020.
r
Number of persons employed in full time equivalent units.Total business economy includes repair of computers, personal and household goods; except financial and insurance activities.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
No value reported or collected
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on the UNCTAD Data Hub do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in the UNCTAD Data Hub.
Generation date: 11 October 2024