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CompareEconomy.com Comparison of world economies

Portugal

World Rank 56 2.88 Portugal flag svg
Capital
Area
Currency
Lisbon
92,212 km 2
Euro (EUR)

Table of Contents

Introduction

Officially known as the Portugese Republic, the nation is located on the Iberian Peninsula in soutwestern part of Europe. As a result of its position, it is considered the westernmost sovereign state in Mainland Europe. The only sharing border they have (besides the enormous coastline with the Atlantic Ocean) is with Spain. The capital and largest city in Portugal is Lisbon. It is important to notice that it is one of the oldest nations in Europe.

Economy

Although Portugal was one of the world's major economic, political, and military powers in the 15th and 16th centuries, nowadays they are moderately successful. Their GDP is estimated to be at $376 billion, which places them between Denmark and Portugal. 

Although it seems as not much, due to its small population an average Portugese citizen can hope for the wealth valued at $36,639. According to the data from 2019,  It is below the European’s average by approximately 24%. 

Population

As a result of small land coverage equal to 92,226 square kilometers, their density is rather moderate. There are 114 Portugese citizens per square kilometer even though their population is relatively low - even for European standards - and it is a little over 10 million.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#47 (2021)
253,663,144,586 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#133 (2021)
-7,566,241,687 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#79 (2021)
6.58 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)