Portugal

Portugal ranks in the top third globally in the Index of Economic Freedom (IEF) ranking, yet lags behind key regional peers. The country’s business environment is clouded by a relatively heavy tax burden, elevated interest rates and rigid labour…

The commodities country overview provides comprehensive data on production, consumption and price trends on key commodities markets. The commodities overview in Australia covers production and consumption trends in agricultural commodities, energy…

In 2023, Portugal’s economy grew by 2.2%, outperforming Western Europe’s average, supported by increases in private spending, public consumption, and a thriving tourism industry. However, a slowdown is expected in 2024, due to a challenging external…

The number of households is set to increase slightly in Portugal over 2022-2027, with couples with children remaining the leading household type. In 2022, household spending was affected by inflation, standing at 7.8%, which increased living costs.…

In 2023, Portugal saw modest economic growth which translated into per capita income growth of under 1%. This growth was driven by an increase in the minimum wage, positive job market and a rebound in tourism. Projections for 2023-2028 suggest an 8%…