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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 ...
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 ]
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 ...
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
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A graph showing the economic data from Greece, Ireland, Italy, Portugal, Spain, Great-Britain, Germany, the EU and the eurozone for 2009 Net international investment position of PIIGS plus some other states. PIGS is a derogatory acronym that has been used to designate the economies of the Southern European countries of Portugal, Italy, Greece ...
While the two countries on the Iberian peninsula experienced economic growth in the 1960s and 1970s – largely as a source of low cost labour and tourist destinations – poverty and illiteracy remained high. Portugal experienced high levels of emigration and this remains a feature of the economy today.
Portugal's economy ministry, which oversees tourism, did not immediately respond to a request for comment. Organizers see the cruise as part of a wider movement fighting for reparations over ...