Nomad Watch
PT

Portugal

Southern Europe EU Schengen EUR

PT · PRT · #109 · 43 cities

Nomad score 66/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$71,723
GDP (2031)
$461.2B
GDP growth (2031)
1.6% →
Inflation (2031)
2.0% →
Unemployment (2031)
5.7% →
Population (2031)
10.6M
Population growth (2031)
-0.2% ↑
Gini index (2023)
33.9
Government debt (2031)
74.4% of GDP
Current account (2031)
0.5% of GDP
FDI inflows (2024)
$13.5B
Life expectancy (2024)
82.4 yrs
Health spending (2024)
10.2% of GDP
Internet users (2024)
88.5%
Mobile subscriptions (2024)
124.1/100
Trade openness (2025)
86.4% of GDP
Exchange rate (2025)
0.89/USD
Foreign reserves (2025)
$68.8B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
74.4% of GDP
Current account (2031)
0.5% of GDP
FDI inflows (2024)
$13.5B

Income inequality (Gini)

Gini index (2023)
0.34
Assessment
Moderate inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2024)
11.00/1k
Tax revenue (2024)
22.4% of GDP
Services sector (2025)
66.6% of GDP

Financial access and costs

ATMs per 100k (2024)
157.8
Bank branches per 100k (2024)
28.3
ICT service exports (2024)
8.5%
Goods and services tax (2024)
14.1%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $461.2B $71,723 1.6% 2.0% 5.7% 10.6M - 74.4% 0.5% - - - - -
2030 * $444.9B $70,685 1.6% 2.0% 5.7% 10.6M - 75.5% 0.6% - - - - -
2029 * $428.9B $68,022 1.7% 2.2% 5.7% 10.7M - 77.0% 0.7% - - - - -
2028 * $412.5B $65,483 1.8% 2.4% 5.8% 10.7M - 79.3% 0.8% - - - - -
2027 * $396.3B $63,060 1.8% 2.3% 5.9% 10.7M - 82.2% 0.7% - - - - -
2026 * $380.6B $60,782 1.9% 3.1% 5.9% 10.7M - 85.6% 0.5% - - - - -
2025 $346.4B $53,146 1.9% 2.2% 6.0% 10.8M - 89.9% 1.2% - - - - 0.89
2024 $313.6B $52,513 2.2% 2.7% 6.5% 10.7M - 93.5% 2.2% $13.5B 82.4 10.2% 88.5% 0.92
2023 $292.4B $49,800 3.1% 5.3% 6.6% 10.6M 33.9 96.9% 0.6% $11.6B 82.3 10.0% 85.8% 0.92
2022 $257.1B $45,250 7.0% 8.1% 6.2% 10.5M 36.3 111.2% -2.0% $13.1B 81.6 10.6% 84.5% 0.95
2021 $256.2B $38,658 5.6% 0.9% 6.7% 10.4M 34.6 123.9% -0.7% $9.2B 81.4 11.2% 82.3% 0.85
2020 $229.4B $35,967 -8.2% -0.1% 7.1% 10.4M 34.7 134.1% -0.7% $4.2B 81.3 10.5% 78.3% 0.88
2019 $240.1B $37,866 2.7% 0.3% 6.6% 10.4M 32.8 116.1% 0.8% $10.8B 81.7 9.5% 75.4% 0.89
2018 $242.2B $34,897 2.9% 1.2% 7.2% 10.3M 33.5 121.1% 0.8% $8.4B 81.3 9.4% 74.7% 0.85
2017 $220.8B $32,971 3.3% 1.6% 9.2% 10.3M 33.8 126.0% 1.5% $11.1B 81.4 9.3% 73.8% 0.89
2016 $206.2B $31,589 2.0% 0.6% 11.3% 10.4M 35.2 131.2% 1.4% $7.4B 81.1 9.4% 70.4% 0.90
2015 $199.1B $29,608 1.6% 0.5% 12.9% 10.4M 35.5 131.0% 0.5% $1.3B 81.1 9.3% 68.6% 0.90
2014 $230.1B $28,765 0.7% -0.2% 14.5% 10.4M 35.6 132.5% 0.3% $12.5B 81.1 9.3% 64.6% 0.75
2013 $226.7B $27,966 -1.0% 0.4% 17.2% 10.5M 36.2 130.8% 1.5% $14.6B 80.7 9.4% 62.1% 0.75
2012 $216.7B $26,476 -4.1% 2.8% 16.6% 10.5M 36.0 128.6% -1.5% $15.6B 80.4 9.6% 60.3% 0.78
2011 $245.4B $26,803 -1.7% 3.6% 13.6% 10.6M 36.3 114.0% -6.1% $10.4B 80.5 9.7% 55.3% 0.72
2010 $238.6B $27,292 1.7% 1.4% 11.5% 10.6M 35.8 100.1% -10.3% $9.0B 79.0 10.0% 53.3% 0.75
2009 $244.4B $26,472 -3.1% -0.9% 10.2% 10.6M 34.9 87.8% -10.4% $5.8B 78.7 10.1% 48.3% 0.72
2008 $263.4B $26,666 0.3% 2.6% 8.3% 10.6M 36.6 75.6% -11.8% $7.8B 78.5 9.6% 44.1% 0.68
2007 $240.5B $25,738 2.5% 2.4% 8.7% 10.5M 36.8 72.7% -9.6% $6.0B 78.3 9.3% 42.1% 0.73
2006 $208.8B $24,677 1.6% 3.0% 8.4% 10.5M 38.1 73.7% -10.3% $13.4B 78.4 9.4% 38.0% 0.80
2005 $197.4B $22,725 0.8% 2.1% 8.3% 10.5M 38.5 72.2% -9.6% $3.4B 78.1 9.7% 35.0% 0.80
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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