Portugal offers a compelling B2B landscape, marked by strategic European positioning and evolving economic indicators. Understanding its core metrics is essential for informed market entry and expansion.
01
Section
The Big Picture
- Population (2023 est.): 10.3 million
- GDP (2023 est.): €270 billion
- GDP per Capita (2023 est.): €26,000
- GDP Growth (2023 est.): 2.2%
- Inflation Rate (2023 avg.): 5.3%
- Unemployment Rate (2023 avg.): 6.5%
02
Section
Trade & Exports
- Total Exports (2023): €80 billion
- Key Export Sectors: Machinery & equipment, vehicles, chemicals, textiles, agricultural products (wine, cork)
- Major Trading Partners: Spain, France, Germany, USA, UK
- Trade Balance (2023): Moderate deficit, improving overall
- Foreign Direct Investment (FDI) Inflow (2022): €7.5 billion
03
Section
Business Climate
- Corporate Income Tax (Standard): 21% (Reduced rates for SMEs)
- Ease of Doing Business Rank (World Bank 2020): 39th out of 190 (pre-pandemic; steady improvement observed since)
- Startup Ecosystem: Growing, particularly in technology and fintech, supported by government initiatives and incubators in Lisbon
- Labor Costs: Competitive within Western Europe, skilled workforce available
- Bureaucracy: Streamlining efforts underway, but some administrative hurdles persist
04
Section
Lisbon Specifics
- Population (Greater Lisbon): ~2.9 million
- Main Economic Drivers: Tourism, technology, financial services, real estate, logistics
- Port of Lisbon Throughput (2022): 11.8 million tonnes (cargo), 1.9 million TEUs (containers)
- Lisbon Airport (Humberto Delgado) Passenger Traffic (2023): ~33.6 million
- Tech Hub Status: Leading European hub for startups and digital nomads, home to Web Summit
- Real Estate Market: Dynamic, with significant foreign investment in commercial and residential properties