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Gross Domestic Product (GDP) in Portugal

GDP of Portugal, 1970-2015

During 1970-2015 GDP of Portugal in current prices grew by 191.0 billion US dollars (in 24.6 times) to 199.1 billion US dollars; change occurred by 1.6 billion US dollars by increasing of people by 1.7 million, as well as by 189.4 billion US dollars by increasing of GDP per capita by 18 304.0 US dollars. The average annual growth of GDP of Portugal was 4.2 billion US dollars or 7.4%. The average annual growth of GDP of Portugal in constant prices was 2.5%. Share in the world rose by 0.030%. Share in Europe increased by 0.46%. Minimal GDP was in 1970 (8.1 billion US dollars). Maximal GDP was in 2008 (262.0 billion US dollars).

During 1970-2015 GDP per capita in Portugal grew by 18 304.0 US dollars (in 20.6 times) to 19 239.0 US dollars. The average annual growth of GDP per capita in current prices was 406.8 US dollars or 7.0%.

Change of GDP of Portugal described by linear regression model: y=5.9x-11 642.2, where y - estimated value of GDP of Portugal, x - year. Correlation rate = 0.956. Determination rate = 0.913.

GDP of Portugal, 1970-2008 (increase)

During 1970-2008 GDP of Portugal in current prices grew by 253.9 billion US dollars (in 32.3 times) to 262.0 billion US dollars; change occurred by 1.8 billion US dollars by increasing of people by 1.9 million, as well as by 252.1 billion US dollars by increasing of GDP per capita by 23 836.0 US dollars. The average annual growth of GDP of Portugal was 6.7 billion US dollars or 9.6%. The average annual growth of GDP of Portugal in constant prices was 3.1%. Share in the world grew by 0.17%. Share in Europe grew by 0.60%.

During 1970-2008 GDP per capita in Portugal increased by 23 836.0 US dollars (in 26.5 times) to 24 771.0 US dollars. The average annual growth of GDP per capita in current prices was 627.3 US dollars or 9.0%.

GDP of Portugal, 2008-2015 (decrease)

During 2008-2015 GDP of Portugal in current prices reduced by 62.9 billion US dollars (by 24%) to 199.1 billion US dollars; change occurred by -5.6 billion US dollars by decreasing of people by 0.23 million, as well as by -57.3 billion US dollars by decreasing of GDP per capita by 5 532.0 US dollars. The average annual growth of GDP of Portugal was -9.0 billion US dollars or -3.8%. The average annual growth of GDP of Portugal in constant prices was -0.82%. Share in the world decreased by 0.14%. Share in Europe declined by 0.13%.

During 2008-2015 GDP per capita in Portugal increased by 5 532.0 US dollars (by 22.3%) to 19 239.0 US dollars. The average annual growth of GDP per capita in current prices was -790.3 US dollars or -3.5%.

GDP of Portugal, 1970

GDP of Portugal in 1970 was worth 8.1 billion US dollars, ranked 41st in the world and was on par with GDP of Egypt (8.1 bln. US dollars). Share of Portugal in the world GDP was 0.24%.

GDP per capita in Portugal in 1970 was 935.0 US dollars, ranked 56th in the world and was on par with GDP per capita in Chile (1 000.0 US dollars), GDP per capita in Hong Kong (963.0 US dollars), GDP per capita in Suriname (960.0 US dollars), GDP per capita in Singapore (925.0 US dollars), GDP per capita in Saudi Arabia (921.0 US dollars), GDP per capita in Barbados (904.0 US dollars), GDP per capita in Uruguay (903.0 US dollars), GDP per capita in Palau (875.0 US dollars). GDP per capita in Portugal was greater than GDP per capita in the World (924.0 US dollars) by 11.0 US dollars.

Comparison of GDP in Portugal and the neighbors in 1970. GDP of Portugal was less than GDP of Spain (40.9 billion US dollars). GDP per capita in Portugal was less than GDP per capita in Spain (1 205.0 US dollars).

Comparison of GDP in Portugal and leaders in 1970. GDP of Portugal was less than GDP of the United States (1 075.9 billion US dollars) in 132.7 times, GDP of Germany (215.0 billion US dollars) in 26.5 times, GDP of Japan (211.5 billion US dollars) in 26.1 times, GDP of the United Kingdom (130.7 billion US dollars) in 16.1 times, GDP of China (89.6 billion US dollars) in 11.1 times. GDP per capita in Portugal was greater than GDP per capita in China (111.0 US dollars) in 8.4 times, but was less than GDP per capita in the United States (5 136.0 US dollars) in 5.5 times, GDP per capita in Germany (2 744.0 US dollars) in 2.9 times, GDP per capita in the United Kingdom (2 350.0 US dollars) in 2.5 times, GDP per capita in Japan (2 040.0 US dollars) in 2.2 times.

Potential GDP of Portugal in 1970. With GDP per capita at the level of the United States (5 136.0 US dollars), GDP of Portugal would be 44.5 billion US dollars, it is in 5.5 times more than the actual level. With GDP per capita at the level of Europe (1 965.0 US dollars), GDP of Portugal would be 17.0 billion US dollars, it is in 2.1 times more than the actual level. With GDP per capita at the level of Southern Europe (1 508.0 US dollars), GDP of Portugal would be 13.1 billion US dollars, it is by 61.3% more than the actual level. With GDP per capita at the level of Spain (1 205.0 US dollars), as the best neighbor, GDP of Portugal would be 10.5 billion US dollars, it is by 28.9% more than the actual level.

GDP of Portugal, 2008

GDP of Portugal in 2008 was 262.0 billion US dollars, ranked 37th in the world and was on par with GDP of Ireland (274.9 bln. US dollars), GDP of Colombia (244.0 bln. US dollars). Share of Portugal in the world GDP was 0.41%.

GDP per capita in Portugal in 2008 was worth 24 771.0 US dollars, ranked 49th in the world and was on par with GDP per capita in Sint Maarten (26 355.4 US dollars), GDP per capita in Puerto Rico (25 117.0 US dollars), GDP per capita in Bahamas (23 657.0 US dollars), GDP per capita in Bahrain (23 043.0 US dollars). GDP per capita in Portugal was greater than GDP per capita in the World (9 397.0 US dollars) by 15 374.0 US dollars.

Comparison of GDP in Portugal and the neighbors in 2008. GDP of Portugal was less than GDP of Spain (1 635.0 billion US dollars). GDP per capita in Portugal was less than GDP per capita in Spain (35 687.0 US dollars).

Comparison of GDP in Portugal and leaders in 2008. GDP of Portugal was less than GDP of the United States (14 718.6 billion US dollars) in 56.2 times, GDP of Japan (5 037.9 billion US dollars) in 19.2 times, GDP of China (4 604.3 billion US dollars) in 17.6 times, GDP of Germany (3 752.5 billion US dollars) in 14.3 times, GDP of the United Kingdom (2 875.6 billion US dollars) in 11.0 times. GDP per capita in Portugal was greater than GDP per capita in China (3 471.0 US dollars) in 7.1 times, but was less than GDP per capita in the United States (48 341.0 US dollars) by 95.2%, GDP per capita in the United Kingdom (46 615.0 US dollars) by 88.2%, GDP per capita in Germany (46 519.0 US dollars) by 87.8%, GDP per capita in Japan (39 570.0 US dollars) by 59.7%.

Potential GDP of Portugal in 2008. With GDP per capita at the level of the United States (48 341.0 US dollars), GDP of Portugal would be 511.3 billion US dollars, it is by 95.2% more than the actual level. With GDP per capita at the level of Spain (35 687.0 US dollars), as the best neighbor, GDP of Portugal would be 377.5 billion US dollars, it is by 44.1% more than the actual level. With GDP per capita at the level of Southern Europe (32 065.0 US dollars), GDP of Portugal would be 339.2 billion US dollars, it is by 29.4% more than the actual level. With GDP per capita at the level of Europe (30 154.0 US dollars), GDP of Portugal would be 319.0 billion US dollars, it is by 21.7% more than the actual level.

GDP of Portugal, 2015

GDP of Portugal in 2015 was 199.1 billion US dollars, ranked 45th in the world and was on par with GDP of Greece (194.9 bln. US dollars), GDP of Bangladesh (194.5 bln. US dollars), GDP of Viet Nam (193.2 bln. US dollars), GDP of Peru (190.4 bln. US dollars). Share of Portugal in the world GDP was 0.27%.

GDP per capita in Portugal in 2015 was 19 239.0 US dollars, ranked 53rd in the world and was on par with GDP per capita in Trinidad and Tobago (20 452.0 US dollars), GDP per capita in CuraƧao (20 049.9 US dollars), GDP per capita in Nauru (18 469.2 US dollars), GDP per capita in French Polynesia (18 161.0 US dollars). GDP per capita in Portugal was greater than GDP per capita in the World (10 098.0 US dollars) by 9 141.0 US dollars.

Comparison of GDP in Portugal and the neighbors in 2015. GDP of Portugal was less than GDP of Spain (1 193.0 billion US dollars). GDP per capita in Portugal was less than GDP per capita in Spain (25 865.0 US dollars).

Comparison of GDP in Portugal and leaders in 2015. GDP of Portugal was less than GDP of the United States (18 036.6 billion US dollars) in 90.6 times, GDP of China (11 158.5 billion US dollars) in 56.0 times, GDP of Japan (4 383.1 billion US dollars) in 22.0 times, GDP of Germany (3 363.6 billion US dollars) in 16.9 times, GDP of the United Kingdom (2 858.0 billion US dollars) in 14.4 times. GDP per capita in Portugal was greater than GDP per capita in China (8 109.0 US dollars) in 2.4 times, but was less than GDP per capita in the United States (56 054.0 US dollars) in 2.9 times, GDP per capita in the United Kingdom (44 162.0 US dollars) in 2.3 times, GDP per capita in Germany (41 686.0 US dollars) in 2.2 times, GDP per capita in Japan (34 629.0 US dollars) by 80%.

Potential GDP of Portugal in 2015. With GDP per capita at the level of the United States (56 054.0 US dollars), GDP of Portugal would be 580.2 billion US dollars, it is in 2.9 times more than the actual level. With GDP per capita at the level of Spain (25 865.0 US dollars), as the best neighbor, GDP of Portugal would be 267.7 billion US dollars, it is by 34.4% more than the actual level. With GDP per capita at the level of Europe (25 590.0 US dollars), GDP of Portugal would be 264.9 billion US dollars, it is by 33% more than the actual level. With GDP per capita at the level of Southern Europe (23 630.0 US dollars), GDP of Portugal would be 244.6 billion US dollars, it is by 22.8% more than the actual level.

Size of GDP in Portugal

Gross Domestic Product (GDP) in Portugal, bln. US dollars
Prices197019801990200020102015
current prices8.132.978.7118.4238.3199.1
constant prices19708.112.917.723.625.424.2
200565.0103.3142.2189.0203.4194.2
Picture. Portugal: GDP Picture. GDP: share of Portugal in the world

GDP in Portugal and its neighbors, bln. $
Country197019801990200020102015
Spain40.9232.1535.1595.41 431.61 193.0
Portugal8.132.978.7118.4238.3199.1

GDP in Portugal and leaders, bln. $
Country197019801990200020102015
United States1 075.92 862.55 979.610 284.814 964.418 036.6
China89.6305.3398.61 214.96 066.411 158.5
Japan211.51 099.73 140.04 887.55 700.14 383.1
Germany215.0946.71 764.91 950.03 417.13 363.6
United Kingdom130.7565.01 093.21 635.42 429.72 858.0
Portugal8.132.978.7118.4238.3199.1

Growth of GDP in Portugal

Picture. Portugal: GDP, growth Picture. Portugal: GDP, growth

GDP per capita in Portugal

Picture. Portugal: GDP per capita Picture. Portugal: GDP per capita

GDP per capita in Portugal and its neighbors, $
Country197019801990200020102015
Spain1 205.06 156.013 653.014 611.030 720.025 865.0
Portugal935.03 372.07 960.011 515.022 514.019 239.0

GDP per capita in Portugal and leaders, $
Country197019801990200020102015
United States5 136.012 468.023 649.036 355.048 291.056 054.0
United Kingdom2 350.010 049.019 142.027 781.038 741.044 162.0
Germany2 744.012 113.022 353.023 810.042 483.041 686.0
Japan2 040.09 487.025 685.038 878.044 770.034 629.0
Portugal935.03 372.07 960.011 515.022 514.019 239.0
China111.0312.0345.0957.04 524.08 109.0

Structure of GDP in Portugal

Structure of GDP by expenditures, %
Yearconsumption expenditurecapital formationnet export
totalhousehold expendituregovernment expendituretotalfixed capital formation
197077.865.712.128.124.8-5.0
198080.167.312.734.030.6-11.3
199079.163.815.327.726.8-6.7
200082.363.319.028.828.1-11.0
201086.565.820.721.120.6-7.6
201583.865.618.215.515.30.73
Picture. Portugal: structure of GDP by expenditures, 2015, %

© Ivan Kushnir

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