GDP

GDP of Portugal in 2023 - Expenditure Approach, Sector Output, and Regional GDP

Last Updated: October 31, 2023
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GDP Summary

“Portugal with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 24540, and the growth rate in 2022 is 6.7%.”

Population

10.286 million

Land Size

91605.6 km²

GDP

252.13 billion

GDP Per Capita

24540 USD

Real GDP Growth
Note: Real GDP Growth (%) | Forecast after 2023
GDP Per Capital (Nominal)
Note: Current USD | Forecast after 2023
GDP Per Capita (PPP)
Note: PPP | Forecast after 2023

GDP Structure (Expenditure Approach)

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Private Consumption
64%
Government Expneidutre
17.9%
Capital Formation
20.3%
Export
50%
Import
52.6%
GDP Growth(By Type)
Note: Real GDP Growth (%) | Forecast after 2023

GDP Structure By Sector

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Agriculture
1.9%
Industry
19.5%
Service
40%
Economic Growth(By Sector)
Note: Real GDP Growth (%) | Forecast after 2023

Economic Development

Unemployment

6.1 %

Inflation

8.1 %

Urbanization

65.8 %

TFR

1.4 人

Unemployment Rate
Unit: %
Inflation Rate
Unit: %

GDP By Regions

Top 5 Regions By Population & Their GDP | Note: USD, current prices, current PPP

Portugal

359998 million USD

North (PT)

108759 million USD

Metropolitan area of Lisbon

128622 million USD

Central Portugal

69173.6 million USD

Alentejo

22399.5 million USD

Algarve

15310.4 million USD

Historical Real GDP Growth Rate
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Growth By GDP

Top 5 Regions By Population & Their GDP Growth in 2020

Portugal

-8.3 %

North (PT)

-6.51 %

Metropolitan area of Lisbon

-9.3 %

Central Portugal

-5.63 %

Alentejo

-8.54 %

Algarve

-18.35 %

Historical Real GDP Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita By Regions

Top 5 Regions By Population & Their GDP Per Capita in 2020 (Measured in PPP, current prices) | Unit: USD

Portugal

34961 USD

North (PT)

30457 USD

Metropolitan area of Lisbon

44876 USD

Central Portugal

31113

Alentejo

31909 USD

Algarve

34940 USD

Historical GDP Per Capita (PPP) By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0 USD. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita Growth By Regions

Top 5 Regions By Population & Their GDP Per Capita Growth Rate in 2020 | Unit: %

Portugal

-8.01 %

North (PT)

-6.03 %

Metropolitan area of Lisbon

-9.5 %

Central Portugal

-5.21 %

Alentejo

-7.57 %

Algarve

-18.35 %

Historical GDP Per Capita Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %