services: 67.5% $81.15 billion (2015) (2014 est. 125.7% of GDP 2.7% 159 Stock of direct foreign investment - abroad: This caused the government to pursue emergency austerity measures. 27 agriculture: 2.2% Imports - commodities: agricultural products, chemical products, vehicles and other transport material, optical and precision instruments, computer accessories and parts, semiconductors and related devices, oil products, base metals, food products, textile materials )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) [see also: Stock of direct foreign investment - at home country ranks ] [see also: Debt - external country ranks ] (31 December 2017 est.) (2017 est.) 47, country comparison to the world (CIA rank, may be based on non-current data): $74.73 billion [see also: Current account balance country ranks ] [see also: Central bank discount rate country ranks ] (2016 est.) (31 December 2017 est.) 0.903 (2017 est. 34 $185.7 billion Market value of publicly traded shares: (2017 est.) (2016 est.) [see also: Budget - expenditures country ranks ] (2016 est.) Portugal economic growth for 2018 was $354.79B, a 0.87% increase from 2018. Agriculture - products: grain, potatoes, tomatoes, olives, grapes; sheep, cattle, goats, pigs, poultry, dairy products; fish $449 billion 1.6% Budget surplus (+) or deficit (-): -3% (of GDP) 55 [see also: Debt - external country ranks ] (31 December 2015 est.) Current account balance: $26.11 billion [see also: Stock of direct foreign investment - abroad country ranks ] Stock of direct foreign investment - at home: 8.9% note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borderscountry comparison to the world (CIA rank, may be based on non-current data): Get a sample report showing our regional, country and commodities data and analysis. 9 (2017 est.) ), Commercial bank prime lending rate: note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borderscountry comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) $57.77 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est.) 134 Market value of publicly traded shares: $106.8 billion $79.18 billion $185.7 billion Over the following two decades, successive governments privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. 89 $79.18 billion 29 )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - abroad: $84.73 billion [see also: Stock of direct foreign investment - abroad country ranks ] 0.903 The UK was a member of the European Union from 1973 until 31 January 2020. 47 [see also: Household income or consumption by percentage share - highest 10% country ranks ] 171 )country comparison to the world (CIA rank, may be based on non-current data): Stock of narrow money: $993 million $103.1 billion 134 [see also: Central bank discount rate country ranks ] 0.9214 29, country comparison to the world (CIA rank, may be based on non-current data): (31 December 2015 est. )country comparison to the world (CIA rank, may be based on non-current data): $54.76 billion 8.9% (2017 est.) Stock of narrow money: note: data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctionscountry comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (31 December 2015 est.) (31 December 2016 est. Exports - partners: Spain 25.2%, France 12.5%, Germany 11.3%, UK 6.6%, US 5.2%, Netherlands 4% $59.84 billion (2017 est.) 159 38 (2016 est. $81.15 billion (2017 est.) $185.7 billion $30,500 $57.77 billion ), Inflation rate (consumer prices): $64.98 billion Taxes and other revenues: 42.9% (of GDP) )country comparison to the world (CIA rank, may be based on non-current data): government consumption: 17.6% (31 December 2013 est. [see also: Population below poverty line country ranks ] Fiscal year: calendar year (2016 est. [see also: Unemployment rate country ranks ] $64.98 billion 0.7634 (31 December 2017 est.) [see also: GDP - real growth rate country ranks ] $185.7 billion Population below poverty line: 19% $19.4 billion (31 December 2016 est. [see also: GDP - composition, by end use - household consumption country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $64.98 billion [see also: Gross national saving country ranks ] (2015 est.) (2017 est.) [see also: Stock of narrow money country ranks ] (2017 est.) Distribution of family income - Gini index: (2017 est.) Inflation rate (consumer prices): (2015 est.) [see also: Debt - external country ranks ] Market value of publicly traded shares: $19.4 billion 0% $61 billion 0.7634 [see also: Population below poverty line country ranks ] (2016 est.) (2017 est.) (2017) )country comparison to the world (CIA rank, may be based on non-current data): 38, country comparison to the world (CIA rank, may be based on non-current data): $447 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (2016 est.) (2013 est. [see also: Stock of broad money country ranks ] (2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] (31 December 2017 est.) [see also: Stock of direct foreign investment - abroad country ranks ] 0.885 )country comparison to the world (CIA rank, may be based on non-current data): Debt - external: 171 (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): 34 [see also: Inflation rate (consumer prices) country ranks ] 47 0.7634 A GDP estimate released by the National Statistics Institute on 30 October showed the economy rebounded 13.2% in seasonally-adjusted quarter-on-quarter terms in Q3, after contracting 13.9% in Q2. [see also: Unemployment rate country ranks ] [see also: Labor force - by occupation - industry country ranks ] (2013 est. [see also: Labor force country ranks ] 3.77% 125.7% of GDP (31 December 2013 est. (2017 est.) Portugal economic growth for 2018 was $344.44B, a 0.98% increase from 2017. 126 [see also: GDP - composition, by end use - government consumption country ranks ] $61 billion (2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2013 est. (2017 est.) (2016 est.) country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est.) [see also: Public debt country ranks ] Current account balance: (2017), Reserves of foreign exchange and gold: Imports - partners: Spain 32%, Germany 13.7%, France 7.4%, Italy 5.5%, Netherlands 5.4% (31 December 2017 est.) Gross national saving: (2016 est.) See how we're doing it and we can help you too. $61 billion (2016 est.) 16.1% of GDP ), Population below poverty line: 19% (31 December 2017 est.) [see also: Budget surplus (+) or deficit (-) country ranks ] [see also: GDP - composition, by end use - household consumption country ranks ] 8.9% )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. 134 $106.8 billion 0.6% $84.73 billion (31 December 2017 est.) 33 (31 December 2017 est.) (2017 est.) World Economic Outlook Update, June 2020: A Crisis Like No Other, An Uncertain Recovery June 24, 2020 Description: Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. Inflation rate (consumer prices): $54.76 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Household income or consumption by percentage share - highest 10% country ranks ] Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. [see also: Budget surplus (+) or deficit (-) country ranks ] (31 December 2015 est. exports of goods and services: 43.1% (31 December 2015 est. [see also: Debt - external country ranks ] (31 December 2015 est. Budget surplus (+) or deficit (-): -3% (of GDP) $106.8 billion Reserves of foreign exchange and gold: Budget surplus (+) or deficit (-): -3% (of GDP) Market value of publicly traded shares: note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): 0.885 (2017 est.) 8.9% Budget surplus (+) or deficit (-): -3% (of GDP) No claims are made regarding the accuracy of Portugal Economy 2020 information contained here. 127 47 Exchange rates: euros (EUR) per US dollar - [see also: Budget surplus (+) or deficit (-) country ranks ] 159 (2013 est. (31 December 2017 est.) (2017 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $185.7 billion (31 December 2016 est. 129.9% of GDP )country comparison to the world (CIA rank, may be based on non-current data): Severe, short-lived downturn in China, where GDP growth falls below 5% in 2020 after 6.1% in 2019, but recovering to 6.5% in 2021. (31 December 2016 est. [see also: Stock of domestic credit country ranks ] [see also: GDP country ranks ] Imports - commodities: agricultural products, chemical products, vehicles and other transport material, optical and precision instruments, computer accessories and parts, semiconductors and related devices, oil products, base metals, food products, textile materials [see also: GDP - composition, by sector of origin - agriculture country ranks ] Google+, Facebook 159 )country comparison to the world (CIA rank, may be based on non-current data): (2014 est.) (2017 est.) (31 December 2017 est.) (31 December 2015 est. 0.7634 $106.8 billion (31 December 2017 est.) 0.9214 (31 December 2017 est.) Imports - partners: Spain 32%, Germany 13.7%, France 7.4%, Italy 5.5%, Netherlands 5.4% Imports - partners: Spain 32%, Germany 13.7%, France 7.4%, Italy 5.5%, Netherlands 5.4% 38 $81.15 billion [see also: Taxes and other revenues country ranks ] 47 Commercial bank prime lending rate: $74.73 billion [see also: Stock of direct foreign investment - at home country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $449 billion 27 [see also: Taxes and other revenues country ranks ] [see also: GDP - composition, by end use - investment in fixed capital country ranks ] $447 billion [see also: Debt - external country ranks ] (2016 est.) Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests. (2016 est. $993 million (31 March 2015 est. $1.218 billion [see also: Stock of domestic credit country ranks ] agriculture: 2.2% (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 0.903 $74.73 billion 129.9% of GDP 159 )country comparison to the world (CIA rank, may be based on non-current data): $61 billion