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INE said the economy expanded 6.9% from the same period a year earlier, well below the 11.8% recorded in the preceding quarter. Portugal's economy loses momentum, inflation weighs on consumption ...
The economy of Portugal is ranked 34th in the World Economic Forum's Global Competitiveness Report for 2019. [31] The great majority of the international trade is done within the European Union (EU), whose countries received 71.4% of the Portuguese exports and were the origin of 74.6% of the Portuguese imports in 2020. [ 32 ]
Around 14% of taxpayers in the country are migrants, who contributed €1.6 billion ($1.7 billion) to Portugal’s economy in 2022. They took out €257 million ($280 million) in social security ...
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Yet Portugal's malaise runs deeper than corruption. Despite tens of billions of euros in European Union development aid in recent decades, it remains one of Western Europe’s poorest countries. In 2022, the average monthly wage before tax was around 1,400 euros ($1,500) — barely enough to rent a one-bedroom apartment in Lisbon as prices have ...
Rank Region GDP in euros € % of GDP GDP per capita In euros € As % of Portugal average 1 Greater Lisbon: 84,263,000,000 31.5% 39,942 158.0% 2
The 2010–2014 Portuguese financial crisis was part of the wider downturn of the Portuguese economy that started in 2001 and possibly ended between 2016 and 2017. [1] The period from 2010 to 2014 was probably the hardest and more challenging part of the entire economic crisis; this period includes the 2011–14 international bailout to Portugal and was marked by intense austerity policies ...
Just five years old, Chega collected its first seat in Portugal’s 230-seat Parliament in 2019. That jumped to 12 seats in 2022, and polls suggest it could more than double that number this time.