Economic Indicators
2020(a) | 2021(a) | 2022(b) | 2023(b) | |
Population (million) | 10.3 | 10.3 | 10.3 | 10.2 |
GDP (US$ billion) | 228.4 | 250.1 | 255.9 | 261.2 |
Real GDP Growth Rate (%) | -8.4 | 4.9 | 6.2 | 0.7 |
Total Export of Goods (US$ billion) | 61.5 | 75.2 | 77.1 | 77.8 |
Total Import of Goods (US$ billion) | 77.9 | 98.2 | 100.3 | 102.0 |
Total Export of Services (US$ billion) | 25.5 | 32.1 | – | – |
Total Import of Services (US$ billion) | 15.6 | 20.1 | – | – |
EU Unified Consumer Price Index (%) | -0.1 | 0.9 | 7.9 | 4.7 |
Current Account Balance (US$ billion) | -2.4 | -3.0 | -2.9 | -1.0 |
Exchange Rate (Euro EUR: USD, Period Average) | 0.88 | 0.85 | 0.95 | 0.88(c) |
Remarks: (a) actual value; (b) estimated value of International Monetary Fund (IMF); (c) estimated value of Oxford Economics
Source: International Monetary Fund (IMF), Oxford Economics “Country Economic Forecast – Portugal (Feb 2023)”
Main export and import goods destinations
Main export destinations (2021) | Proportion in total value of exports goods (%) | |
Spain | 26.8 |
|
France | 13.1 |
|
Germany | 11.0 |
|
United States | 5.6 |
|
Others | 43.5 |
|
Main origins for import (2021) | Proportion in total value of imports goods (%) |
|
Spain | 32,8 |
|
France | 12,4 |
|
Germany | 6,7 |
|
United States | 5,3 |
|
Others | 42,8 |
|
Source: International Monetary Fund (IMF)
Main export and import goods
Major export goods (2021) | Proportion in total value of exports goods (%) |
Vehicles other than railway or tramway rolling-stock and parts | 12.6 |
Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles. | 7.8 |
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. | 6.5 |
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 5.8 |
Others | 67.3 |
Major import goods (2021) | Proportion in total value of imports goods (%) |
Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 11.4 |
Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles | 9.6 |
Vehicles other than railway or tramway rolling-stock and parts | 9.5 |
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof. | 9.0 |
Others | 71.9 |
Source: International Trade Center (ITC)
Statistics on Trade in Services
Main Exports Services (2021) | Proportion in total value of exports services (%) |
Tourism | 36.8 |
Transport | 20.7 |
Other business services | 20.0 |
Other | 22.5 |
Main Imports Services (2021) | Proportion in total value of imports services (%) |
Other business service | 26.9 |
Transport | 26.7 |
Tourism | 20.3 |
Other | 26.1 |
Remarks：The above content is the estimated data of UNCTAD, WTO and ITC.
Source: International Trade Centre
Statistics on the trade goods between Mainland China and Portugal (US$ ten thousands)
Year | Total trade | Total exports value * | Total imports value ** |
2022 | 901,419.0 | 597,810.2 | 303,608.8 |
2021 | 881,066.2 | 535,540.8 | 345,525.4 |
2020 | 696,375.5 | 419,153.0 | 277,222.5 |
2019 | 668,981.1 | 436,751.1 | 232,230.0 |
2018 | 600,012.8 | 375,127.0 | 224,885.8 |
Remarks: * Value of goods exported to Portugal from Mainland China; **Value of goods imported from Portugal to Mainland China
Source of Data: General Administration of Customs of the People’s Republic of China
Statistics on the trade goods between Macao and Portugal (US$) (1 USD»8 MOP)
Year | Total trade | Total exports* | Total imports** |
2022 | 34,823,300.9 | 103,876.9 | 34,719,424.1 |
2021 | 35,026,938.1 | 257,516.0 | 34,769,422.1 |
2020 | 34,129,839.9 | 1,317,183.0 | 32,812,656.9 |
2019 | 40,764,237.3 | 44,098.9 | 40,720,138.4 |
2018 | 44,172,104.4 | 3,030,674.4 | 41,141,430.0 |
Remarks: * Value of goods exported to Portugal from Macao; **Value of goods imported from Portugal to Macao.
Source of Data: Statistics and Census Service (DSEC), Macao SAR Government
Source of Data:
- Country (region) guide for foreign investment co-operation (Portugal) by the Ministry of Commerce of the People’s Republic of China
- “2021 Statistical Bulletin of China’s Outward Foreign Direct Investment” by the Ministry of Commerce of the People’s Republic of China, National Bureau of Statistics and State Administration of Foreign Exchange
- General Administration of Customs of the People’s Republic of China
- SinoMaps Press
- Statistics and Census Service (DSEC), Macao SAR Government
- International Monetary Fund (IMF)
- International Trade Center (ITC)
- “2022 World Investment Report” by the United Nations Conference on Trade and Development (UNCTAD)
- “Country Economic Forecast – Portugal (Feb 2023)” by Oxford Economics
Updated in June 2023.
