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Economy of Portugal

Population: 10 million in 2013¹

GDP: $220 billion in 2013²

GDP per capita: $21,733 nominal³ ($25,900 PPP⁴) in 2013

GDP growth rate: -1.4% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ billions) 2012	Percent of total
Other activities	95	45.8%
Wholesale, retail trade, restaurants and hotels	40	19.1%
Manufacturing	29	13.8%
Transport, storage and communication	18	8.8%
Construction	12	5.8%
Mining and utilities	9	4.4%
Agriculture, hunting, forestry, fishing	5	2.2%
Total value added	208	100%

Employment

Unemployment rate: 16.5% in 2013⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Manufacturing	705	15.9%
Wholesale trade, retail trade and repair of motor vehicles	644	14.5%
Agriculture, forestry and fishing	453	10.2%
Human health and social work	368	8.3%
Education	355	8.0%
Public administration and defence	292	6.6%
Accommodation and food service	289	6.5%
Construction	288	6.5%
Transportation and storage	180	4.1%
Professional, scientific and technical	167	3.8%
Administrative and support service	142	3.2%
Activities of households as employers	131	2.9%
Other service	103	2.3%
Information and communication	90	2.0%
Finance and insurance	87	2.0%
Arts, entertainment and recreation	50	1.1%
Real estate	28	0.6%
Water supply, sewerage and waste management	27	0.6%
Electricity, gas, steam and air conditioning	16	0.4%
Mining and quarrying	13	0.3%
Extraterritorial organizations and bodies	2	0.0%
Total employment	4,429	100%

Corporations

Top 10 Corporations by Revenue 2013⁹

N/A

Households

Household Wealth: $849 billion (386% of GDP) in 2014¹⁰

Household Wealth per Adult: $98,428 in 2014¹⁰

Gini Coefficient: .385 in 2007¹¹

Government

Central Government

Central Government Revenue: $95 billion (43% of GDP) in 2013¹²

Central Government Expenditure: $107 billion (49% of GDP) in 2013¹²

Central Government Budget Balance: -$12 billion (-6% of GDP) in 2013¹²

Central Government Public Debt: $277 billion (126% of GDP) in Q3 2014* ¹³

Central Government 10 Year Bond Interest Rate: 2.59% on Jan 28, 2015¹⁴

* Public debt was calculated using the exchange rate .884 EUR = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* ¹⁵

14.5%: $0-$7,918
28.5%: $7,919-$22,624
37%: $22,625-$45,248
45%: $45,249-$90,497
48%: $90,498+

Corporate Tax Rate: 31.5% in 2014¹⁶

* Individual thresholds calculated using the exchange rate .884 EUR = 1 USD

Monetary Policy

Money Supply (Euro area, M1): $6.26 trillion in Nov 2014* ¹⁷

Benchmark Interest Rate (Euro area): 0.05% in Sept 2014¹⁸

Total Reserves: $18 billion (8% of GDP) in 2013¹⁹

Exchange Rate: 0.884 Euros = 1 U.S. Dollar on Jan 28, 2015²⁰

Inflation: 0.3% in 2013²¹

* Money supply calculated using the exchange rate .884 EUR = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013²²

N/A (data not available at Relbanks.com)

International Accounts

Exports: $61 billion (28% of GDP) in 2013²³

Imports: $58 billion (27% of GDP) in 2013²³

Trade Balance: +$3 billion (+1% of GDP) in 2013²³

Foreign Direct Investment Inflow: $3.1 billion (1% of GDP) in 2013²⁴

Foreign Direct Investment Outflow: $1.4 billion (1% of GDP) in 2013²⁴

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $488 million (0.2% of GDP) in 2013²⁵

References

^{1. Source: World Bank Indicators (Population) Go back}
^{2. Source: World Bank Indicators (GDP) Go back}
^{3. Source: World Bank Indicators (GDP per capita) Go back}
^{4. Source: World Bank Indicators (GDP per capita PPP) Go back}
^{5. Source: World Bank Indicators (GDP growth rate) Go back}
^{6. Source: United Nations Statistics Division (GDP by industry) Go back}
^{7. Source: World Bank Indicators (Unemployment rate) Go back}
^{8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back}
^{9. Source: Annual reports (Corporate data) Go back}
^{10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back}
^{11. Source: CIA World Factbook (Gini coefficient) Go back}
^{12. Source: CIA World Factbook (Government budget) Go back}
^{13. Source: OECD Stats, National Accounts, Quarterly Public Sector Debt (Public debt) Go back}
^{14. Source: Bloomberg (Government bond yield) Go back}
^{15. Source: OECD Stats, Public Sector, Taxation, Tax Database (Individual tax rates) Go back}
^{16. Source: Tax Foundation (Corporate tax rate) Go back}
^{17. Source: ECB Monetary developments (Money supply) Go back}
^{18. Source: ECB Key interest rates (Benchmark interest rate) Go back}
^{19. Source: World Bank Indicators (Total reserves) Go back}
^{20. Source: Yahoo Finance (Exchange rate) Go back}
^{21. Source: World Bank Indicators (Inflation rate) Go back}
^{22. Source: Relbanks.com (Financial institutions by assets) Go back}
^{23. Source: CIA World Factbook (Trade data) Go back}
^{24. Source: OECD FDI in Figures (FDI data) Go back}
^{25. Source: OECD Aid Data, DAC flows at a glace (Aid data) Go back}