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The most important sectors of Portugal’s economy in 2018 were wholesale and retail trade, transport, accommodation and food services (24.9%) and public administration, defence, education, human health and social work activities (19.1%) and industry (18.5%). Currency: EURO GDP Per Capita: 23,145.0 USD (2019) GDP Growth Rate: 2.2%annual change (2019) Gross Domestic Product: 252,529.34 million (2019) GNI Per Capita: 33,520 PPP dollars (2018)


Foreign Trade

Portugal’s main export partners are Spain, France, and Germany while its main import partners are Spain, Germany, and France. Exports: The top exports of Portugal are Cars ($4.33B), Vehicle Parts($3.56B), Refined Petroleum ($2.87B), Leather Footwear ($2.16B), and Uncoated Paper ($1.44B). Imports: The top imports of Portugal are Crude Petroleum ($5.75B), Cars ($5.47B), Vehicle Parts ($2.92B), Packaged Medicaments ($2.3B), and Petroleum Gas ($1.85B). Portugal exports mostly to Spain ($16.8B), France ($9.07B), Germany ($8.44B), United Kingdom ($4.79B), and United States ($3.76B), and imports mostly from Spain ($27.2B), Germany ($11.9B), France ($6.63B), Italy ($5.01B), and Netherlands ($4.58B).

Finances with European Union

Breakdown of Portugal’s finances with the EU: Total EU spending in Portugal : 5.011 billion Total EU spending as %of Portuguese gross national income (GNI) : 2.55% Total Portuguese contribution to the EU budget: 1.699 billion Portuguese contribution to the EU budget as %of its GNI : 0.86%