Portugal

Description of Portugal

As a nation with a rich history and a strategic location at the crossroads of Europe, Africa, and the Americas, Portugal has played a significant role in shaping global trade and geopolitics. From the Age of Discovery to modern-day economic challenges, Portugal has navigated its way through various political and economic landscapes. This website delves into the macroeconomic statistics and geopolitical dynamics that influence Portugal's development and its relationships with other nations in the international arena.

Population And Age Structure

For "Population, total", Portugal's population of 10,297,081 is significantly below the average of 40,097,746. The country ranks 89th out of 194 countries in the dataset.

Regarding "Population ages 0-14 (% of total population)", Portugal's percentage of 13.50% is lower than the average of 27.34%. This places Portugal at the 186th rank out of 194 countries.

In terms of "Population ages 0-14, total", Portugal's total of 1,389,659 falls below the average of 10,327,379. The country ranks 112th out of 194 countries.

Looking at "Population ages 15-64 (% of total population)", Portugal's percentage of 64.21% is slightly above the average of 63.44%. This places Portugal at the 105th rank out of 194 countries.

For "Population ages 15-64, total", Portugal's total of 6,611,510 is significantly below the average of 26,003,407. The country ranks 88th out of 194 countries.

Considering "Population ages 65 and above (% of total population)", Portugal's percentage of 22.30% is notably higher than the average of 9.22%. This places Portugal at the 5th rank out of 194 countries.

Lastly, for "Population ages 65 and above, total", Portugal's total of 2,295,912 is lower than the average of 3,766,959. The country ranks 44th out of 194 countries.

Summary

Portugal's population is below average, with lower percentages of young people and higher percentages of elderly individuals compared to the global average. This demographic profile could have important implications for healthcare, social security, and economic productivity in the country, as it may lead to a higher demand for elderly care services and a potential strain on the workforce in the future.

Population Miscellaneous

For Rural population, Portugal's value of 3,469,087 is below the attribute average of 18,044,041. Portugal is ranked 88th out of 190 countries.

Regarding Rural population (% of total population), Portugal's value of 33.69% is below the average of 41.16%. Portugal ranks 109th out of 190 countries in this aspect.

Portugal's Urban population stands at 6,827,994, significantly below the average of 22,425,747. Portugal is ranked 79th out of 194 countries for Urban population.

The Urban population (% of total population) in Portugal is 66.31%, above the average of 59.69%. Portugal ranks 86th out of 194 countries for this metric.

Portugal's Age dependency ratio (% of working-age population) is 55.74%, slightly below the average of 59.22%. The country ranks 90th out of 194 countries in this indicator.

Portugal's Birth rate, crude, at 8.2 per 1,000 people, is below the average of 19.38. Portugal is placed at 184th out of 192 countries for this statistic.

In terms of Death rate, crude, Portugal's rate of 12 per 1,000 people is above the average of 8.21. The country ranks 23rd out of 192 countries in this aspect.

Portugal's Fertility rate, total, is 1.41 births per woman, below the average of 2.60. Portugal ranks 169th out of 190 countries concerning this metric.

Summary

Portugal exhibits a unique demographic profile compared to the global averages and rankings. The country has a significantly lower Rural population and Urban population compared to the global averages, with corresponding rankings of 88th and 79th respectively. However, Portugal has a higher Urban population (% of total population) than the average, ranking 86th. The country also has below-average Birth rate and Fertility rate, positioning it at 184th and 169th respectively. These indicators are crucial for policymakers and economists to understand Portugal's demographic dynamics and plan for future socio-economic development strategies.

Military

Portugal's military expenditure is $3,267,981,306.28, below the average of $12,904,993,617.17, ranking 46 out of 149 countries in the dataset.

The country's military expenditure as a percentage of GDP is 1.43%, below the average of 1.90%, placing Portugal at rank 81 out of 148 countries.

Portugal's arms imports amount to $45,000,000, significantly lower than the average of $205,522,123.89, ranking 58 out of 113 countries.

With arms exports of $46,000,000, Portugal falls short of the average of $705,705,882.35, positioning the country at rank 25 out of 34 countries.

The total number of armed forces personnel in Portugal is 52,000, lower than the average of 165,908.54, placing the country at rank 68 out of 164 countries.

Portugal's armed forces personnel as a percentage of the total labor force is 1.01%, below the average of 1.28%, ranking 65 out of 164 countries.

Summary

Portugal's military expenditure, arms imports, arms exports, and armed forces personnel numbers are all below the respective global averages, indicating a relatively smaller military presence compared to other countries in the dataset. These statistics are important as they reflect Portugal's strategic priorities, defense capabilities, and its position in the global military landscape. The lower rankings suggest that Portugal may have different defense strategies or resource allocation priorities compared to countries with higher military expenditures and personnel numbers.

Natural Resources

Portugal's forest area covers 33,120 sq. km, which is below the attribute average of 211,606.11 sq. km, ranking 86 out of 191 countries.

The land area of Portugal is 91,605.6 sq. km, also below the average of 665,166.51 sq. km, ranking 108 out of 194 countries.

Portugal's surface area is 92,230 sq. km, below the average of 689,779.56 sq. km, ranking 111 out of 194 countries.

The arable land in Portugal is 972,909.3 hectares, below the average of 7,329,543.16 hectares, ranking 110 out of 190 countries.

Portugal has 215,830 hectares of land under cereal production, below the average of 4,206,011.63 hectares, ranking 119 out of 174 countries.

The average precipitation in Portugal is 854 mm per year, below the average of 1,157.83 mm per year, ranking 98 out of 178 countries.

Portugal's renewable internal freshwater resources total 38 billion cubic meters, below the average of 240.41 billion cubic meters, ranking 87 out of 178 countries.

Summary

Portugal's key macroeconomic indicators reveal a trend of below-average performance in various land and environmental metrics compared to global averages. This includes a smaller forest area, land area, arable land, land under cereal production, lower average precipitation, and diminished renewable internal freshwater resources. These indicators are crucial as they highlight Portugal's relative limitations in natural resource availability for agriculture, forestry, and water supply, which can impact its economic development, food security, and environmental sustainability in the long run.

Resource Rents

Portugal's total natural resources rents account for 0.20% of its GDP, significantly lower than the average of 4.63%. This places Portugal at the 141st rank out of 175 countries in the dataset.

Forest rents in Portugal contribute 0.095% to the GDP, which is below the average of 1.53%. Portugal ranks 116th out of 174 countries in this category.

Portugal's oil rents make up 0.024% of its GDP, well below the average of 2.51%. Portugal is ranked 83rd out of 117 countries for oil rents.

In terms of mineral rents, Portugal's contribution is 0.081% of GDP, also lower than the average of 1.23%. The country ranks 57th out of 86 countries for mineral rents.

Summary

Portugal's total natural resources rents, forest rents, oil rents, and mineral rents as a percentage of GDP are all below global averages. This indicates that Portugal is not heavily reliant on its natural resources for economic output compared to other countries. While this may suggest a diversified economy less vulnerable to fluctuations in resource prices, it also highlights potential underutilization of natural resources that could contribute more significantly to the country's GDP and overall economic development.

Commodities

Portugal's Cereal production of 1,053,530 metric tons is significantly below the average of 17,249,945.93 metric tons, ranking 107th out of 174 countries.

Aquaculture production in Portugal is 20,583.01 metric tons, well below the average of 679,642.92 metric tons, ranking 61st out of 180 countries.

The country's Capture fisheries production is 159,947.96 metric tons, lower than the average of 467,453.06 metric tons, ranking 65th out of 190 countries.

With a Total fisheries production of 180,530.97 metric tons, Portugal falls short of the average of 1,153,914.85 metric tons, ranking 66th out of 182 countries.

Portugal's Fertilizer consumption stands at 180.82 kilograms per hectare of arable land, above the average of 159.04 kilograms. It ranks 46th out of 187 countries in this aspect.

Summary

Portugal's agricultural sector faces challenges with significantly low cereal, aquaculture, and fisheries production compared to global averages, ranking low in international standings. However, the country's above-average fertilizer consumption per hectare of arable land indicates efforts towards improving agricultural output and sustainability. Addressing the production gaps while maintaining efficient fertilizer use is crucial for Portugal's food security, economic growth, and competitiveness in the global market.

Intellectual Property

Portugal's industrial design applications by nonresidents are below average, with a value of 44 compared to an average of 1415.83. Portugal ranks 87th out of 112 countries in this category. On the other hand, Portugal's industrial design applications by residents are also below average at 1720, with an average of 9799.58. Portugal ranks 24th out of 113 countries for resident industrial design applications.

In terms of patent applications, Portugal's nonresident applications at 263 are lower than the average of 6538.40, placing Portugal at the 53rd position out of 129 countries. Similarly, Portugal's resident patent applications stand at 695, below the average of 19037.56, with a rank of 40 out of 117 countries.

For trademark applications, Portugal's nonresident applications of 4694 are below the average of 15878.93, positioning Portugal at rank 71 out of 130 countries. Meanwhile, Portugal's resident trademark applications at 30047 are below the average of 111055.78, with a rank of 29 out of 129 countries.

Portugal's scientific and technical journal articles at 17098.9 are above the average of 15103.76. Portugal holds the 26th position out of 192 countries in this category.

Regarding charges for the use of intellectual property, Portugal's payments are significantly below average at 879412474.88 in comparison to 3218843494.39. This places Portugal at rank 40 out of 143 countries. Additionally, Portugal's receipts for the use of intellectual property are also below average at 161688986.77, compared to 3191687117.58, with a rank of 38 out of 122 countries.

Lastly, Portugal's researchers in R&D per million people stand at 5163.35, above the average of 2556.45. Portugal ranks 12th out of 72 countries in this aspect.

Summary

Portugal's performance in various key macroeconomic indicators reveals both strengths and weaknesses in its innovation and research landscape. While Portugal excels in resident industrial design applications and scientific publications, it lags behind in nonresident industrial design and patent applications, as well as intellectual property payments and receipts. The higher number of researchers engaged in R&D per million people showcases Portugal's commitment to innovation and technological advancement despite some areas needing improvement.

These indicators are crucial as they reflect Portugal's competitiveness in the global market, its ability to innovate and protect intellectual property, and its investment in research and development. Addressing the disparities highlighted can lead to enhanced international collaboration, increased economic growth, and a more knowledge-based economy for Portugal.

Broad Economy Attributes

Portugal's GDP (current US$) is $229.03 billion, ranking 47th out of 189 countries. This figure is below the average GDP of $442.87 billion.

Portugal's GDP, PPP (current international $) stands at $369.41 billion, placing it 49th out of 181 countries. It is below the average GDP, PPP of $734.14 billion.

With a GDP per capita (current US$) of $22,242.41, Portugal ranks 42nd out of 190 countries, exceeding the average GDP per capita of $15,462.11.

Portugal's GDP per capita, PPP (current international $) is $35,874.78, ranking 39th out of 181 countries, above the average of $21,251.89.

The country's GNI (current US$) is $225.47 billion, placing it 47th out of 185 countries, which is below the average GNI of $452.04 billion.

Portugal's GNI, PPP (current international $) stands at $363.66 billion, ranking 50th out of 181 countries. It falls below the average GNI, PPP of $730.70 billion.

With a GNI per capita, PPP (current international $) of $35,320, Portugal ranks 38th out of 181 countries. This figure is above the average GNI per capita, PPP of $20,615.75.

Summary

Portugal's GDP, GNI, and GDP per capita figures position it below the global averages, indicating a relatively smaller economy compared to other countries. However, Portugal's GDP per capita, GNI per capita, and GDP, PPP per capita are above the global averages, reflecting a higher standard of living for its population. These indicators are crucial as they provide insights into the country's economic strength, income levels, and overall development, helping policymakers, investors, and analysts understand Portugal's place in the global economy.

Broad Value Added

- Gross value added at basic prices (GVA) (current US$): Portugal's GVA is $199,619,334,137.66, ranking 43 out of 176 countries. This value is below the average GVA of $360,070,943,595.12.
- Agriculture, forestry, and fishing, value added (% of GDP): Portugal's value added in this sector is 2.17% of GDP, ranking 143 out of 182 countries. It is significantly below the average of 10.86%.
- Agriculture, forestry, and fishing, value added (current US$): Portugal's value added in this sector is $4,979,014,448.09, ranking 70 out of 182 countries. This value is well below the average of $19,924,732,828.07.
- Services, value added (% of GDP): Portugal's value added in services is 65.58% of GDP, ranking 45 out of 183 countries. This value is above the average of 56.72%.
- Services, value added (current US$): Portugal's value added in services is $150,207,096,661.34, ranking 43 out of 183 countries. This value is below the average of $295,837,711,130.69.
- Industry (including construction), value added (current US$): Portugal's value added in this sector is $44,433,223,028.22, ranking 53 out of 183 countries. It is significantly lower than the average of $118,421,095,413.50.

Summary

Portugal's economy shows a relatively lower Gross Value Added (GVA) compared to the global average, indicating room for further economic growth. The country's agriculture, forestry, and fishing sectors contribute significantly less to its GDP compared to the average, showcasing potential for development and modernization in these areas. Conversely, Portugal's strong performance in the services sector, both in percentage of GDP and in current US dollars, suggests a diversified and resilient economy that can potentially drive future growth and competitiveness.

Manufacturing Value Added

Portugal's Manufacturing, value added (current US$) is $27,525,339,715.29, ranking 45th out of 173 countries. This value is below the average of $76,207,179,589.66.

Manufacturing, value added (% of GDP) in Portugal is 12.02%, placing it 83rd out of 173 countries. This percentage is slightly above the average of 11.90%.

Portugal's Medium and high-tech manufacturing value added (% manufacturing value added) is 26.53%, ranking 63rd out of 149 countries. This value exceeds the average of 24.49%.

The percentage of Chemicals in value added in manufacturing for Portugal is 7.31%, placing it 58th out of 89 countries. This value is below the average of 11.56%.

Food, beverages and tobacco in value added in manufacturing accounts for 16.91% in Portugal, ranking 56th out of 92 countries. This percentage is lower than the average of 24.51%.

Portugal's Machinery and transport equipment in value added in manufacturing is 17.68%, ranking 40th out of 93 countries. This percentage is slightly above the average of 16.85%.

Textiles and clothing in value added in manufacturing for Portugal is 14.37%, ranking 11th out of 93 countries. This percentage significantly surpasses the average of 6.33%.

Other manufacturing in value added in manufacturing accounts for 43.73% in Portugal, ranking 41st out of 94 countries. This percentage is slightly above the average of 42.13%.

Summary

In summary, Portugal has a moderate presence in the global manufacturing sector, with its total manufacturing value added, percentage of manufacturing value added to GDP, and specific subsectors like medium and high-tech manufacturing, textiles and clothing, and machinery and transport equipment either meeting or exceeding global averages. However, the country lags behind in certain areas such as the contribution of chemicals and food, beverages, and tobacco to manufacturing value added.

These statistics are important as they provide insights into Portugal's industrial diversification, competitiveness, and specialization within the manufacturing sector. By understanding where Portugal stands relative to global averages and rankings in different manufacturing subsectors, policymakers and industry leaders can identify areas for growth, investment, and strategic focus to enhance the country's economic development and global competitiveness in manufacturing.

Money

Portugal's consumer price inflation is below the average at -0.012%, ranking 135th out of 165 countries. In contrast, the GDP deflator inflation stands at 2.003%, below the average, placing Portugal at the 92nd position out of 188 countries.

Summary

Portugal's consumer price inflation is negative, indicating deflation, and it ranks low globally in terms of this indicator. On the other hand, the GDP deflator inflation is positive but still below average, positioning Portugal moderately in comparison to other countries. These statistics are crucial as they reflect the country's price stability, economic growth, and competitiveness in the global market, influencing investment decisions and overall economic prospects.

Consumption Expenditure

Portugal's final consumption expenditure in current US dollars is $190,158,957,801.75, which is below the attribute average of $381,630,252,515.38. Portugal ranks 41 out of 159 countries in this attribute.

Final consumption expenditure as a percentage of GDP in Portugal is 83.03%, slightly above the average of 82.37%. Portugal ranks 68 out of 159 countries in this attribute.

Portugal's general government final consumption expenditure in current US dollars is $43,449,449,519.58, significantly below the average of $93,676,578,238.03. Portugal ranks 41 out of 158 countries in this attribute.

The general government final consumption expenditure as a percentage of GDP in Portugal is 18.97%, slightly above the average of 18.71%. Portugal ranks 69 out of 158 countries in this attribute.

Household and NPISHs final consumption expenditure in current US dollars for Portugal is $146,709,508,282.17, below the average of $290,127,571,157.69. Portugal ranks 40 out of 158 countries in this attribute.

Households and NPISHs final consumption expenditure as a percentage of GDP in Portugal is 64.06%, above the average of 63.68%. Portugal ranks 72 out of 158 countries in this attribute.

Summary

In analyzing key macroeconomic indicators for Portugal, it is evident that the country's final consumption expenditure in current US dollars, general government final consumption expenditure, and household final consumption expenditure all fall below global averages. However, Portugal outperforms in terms of final consumption expenditure as a percentage of GDP, ranking slightly above the global average in all categories. These findings are crucial as they highlight Portugal's efficiency in utilizing its GDP for consumption expenditures, potentially indicating sustainable economic growth and stability despite spending below the global average.

Equities

- S&P Global Equity Indices (annual % change): Portugal experienced a growth rate of 5.98%, surpassing the attribute average of 2.06%. This places Portugal at the 26th rank out of 79 countries in the dataset for this indicator.

Summary

Portugal's S&P Global Equity Indices saw a substantial annual growth rate of 5.98%, outperforming the average of 2.06% and ranking 26th out of 79 countries. This indicates strong economic performance and investor confidence in Portugal's equity market, positioning the country favorably against global peers and potentially attracting further investment and fostering economic growth.

Investment

Portugal's foreign direct investment (FDI) net inflows stand at $3,991,854,438.00, which is below the average of $5,749,271,080.15. This places Portugal at rank 37 out of 182 countries for this particular metric.

Additionally, Portugal's portfolio investment net is $5,897,710,105.35, significantly higher than the average of $679,559,169.57. This places Portugal at rank 25 out of 159 countries in this category.

Summary

In terms of foreign direct investment (FDI) net inflows, Portugal is below the global average but still ranks 37 out of 182 countries. On the other hand, Portugal's portfolio investment net is well above the average, positioning the country at rank 25 out of 159 countries. These indicators are crucial as they reflect the level of external financial interest and confidence in Portugal's economy, which can impact its economic growth, job creation, and overall competitiveness on the global stage.

Broad Trade Attributes

Portugal's Trade (% of GDP) is 6.10% below the average of 82.34%, ranking 70th out of 163 countries.

With a Merchandise trade (% of GDP) of 60.86%, Portugal is slightly above the average of 60.01%, ranking 61st out of 186 countries.

Trade in services (% of GDP) in Portugal stands at 17.96%, which is 6.67% below the average of 24.63%, placing Portugal at the 75th rank out of 171 countries.

Portugal's External balance on goods and services is -$4,910,306,641.16, significantly below the average of $3,405,509,011.13. This places Portugal at the 137th rank out of 163 countries.

The External balance on goods and services (% of GDP) for Portugal at -2.14% is 3.82% above the average of -5.97%, ranking 78th out of 163 countries.

Summary

Portugal's trade as a percentage of GDP is below the global average, indicating potential room for growth in international commerce. While the country performs well in merchandise trade compared to the average, its services trade is slightly lagging. The negative external balance on goods and services suggests that Portugal imports more than it exports, which can impact the country's overall economic stability. It is crucial for Portugal to focus on improving its trade balance and boosting its services sector to enhance its economic competitiveness on the global stage.

Net Trade

Portugal's current account balance (BoP, current US$) is below the average with a value of -2291965447.75. It ranks 135 out of 170 countries.

Portugal's current account balance (% of GDP) is below the average at -1.00% and ranks 76 out of 170 countries.

Portugal's net trade in goods and services (BoP, current US$) is significantly below the average with a value of -4387953092.42. It ranks 139 out of 171 countries.

Portugal's net primary income (BoP, current US$) is below the average with a value of -3113434432.77. It ranks 132 out of 170 countries.

Portugal's net secondary income (BoP, current US$) is well above the average at 5210500750.52. It ranks 23 out of 170 countries.

Portugal's net trade in goods (BoP, current US$) is significantly below the average with a value of -14236118402.48. It ranks 157 out of 171 countries.

Portugal's net capital account (BoP, current US$) is well above the average at 2249498407.94. It ranks 9 out of 159 countries.

Portugal's net financial account (BoP, current US$) is above the average at 323309265.33. It ranks 58 out of 170 countries.

Summary

Portugal's current account balance, net trade in goods and services, and net trade in goods are all below average, indicating a trade deficit and potential vulnerability to external shocks. However, its net secondary income, net capital account, and net financial account are performing relatively well compared to other countries, showcasing strength in financial inflows and secondary income. These indicators are crucial as they reflect Portugal's economic competitiveness, resilience to external imbalances, and ability to attract investments.

Broad Export Attributes

Portugal's Exports of goods, services and primary income (BoP) amount to $93,986,174,490.67, ranking 40 out of 170 countries. This value is below the average of $146,238,908,936.30.

Portugal's Exports of goods and services is $85,127,944,137.66, ranking 40 out of 170 countries. This value is below the average of $122,938,540,059.78.

Portugal's Exports of goods and services (current US$) stand at $84,848,916,302.12, ranking 42 out of 163 countries. This value is below the average of $129,596,864,610.19.

Portugal's Exports of goods and services (% of GDP) is 37.05%, ranking 59 out of 163 countries. This percentage is slightly below the average of 38.19%.

Portugal's Goods exports amount to $59,638,766,800.27, ranking 39 out of 171 countries. This value is below the average of $93,310,581,697.39.

Portugal's International tourism receipts account for 12.36% of total exports, ranking 24 out of 120 countries. This percentage is above the average of 9.74%.

Portugal's ICT goods exports represent 3.70% of total goods exports, ranking 31 out of 142 countries. This percentage is slightly below the average of 3.81%.

Summary

Portugal's exports across various categories, such as goods, services, and primary income, rank within the top 40-42 countries globally but fall below the respective global average values. The country's tourism receipts and ICT goods exports, however, outperform global averages, showcasing specific strengths in these sectors. These indicators are crucial as they reflect Portugal's competitiveness in international trade, highlight areas of comparative advantage, and provide insights into the country's economic diversification and growth potential.

Merchandise Exports

Portugal's merchandise exports amount to $61,496,000,000, ranking 41 out of 187 countries. This value is below the average of $89,542,711,229.95.

Agricultural raw materials exports account for 2.26% of Portugal's merchandise exports, ranking 49 out of 151 countries. This percentage is below the average of 2.97%.

Food exports represent 13.43% of Portugal's merchandise exports, ranking 89 out of 152 countries. This figure is below the average of 24.06%.

Fuel exports contribute to 4.60% of Portugal's merchandise exports, placing Portugal at rank 65 out of 147 countries. This is below the average of 13.70%.

Portugal's ores and metals exports constitute 2.17% of merchandise exports, ranking 94 out of 152 countries. This percentage is below the average of 9.10%.

The residual merchandise exports by Portugal make up 1.13% of total merchandise exports, ranking 56 out of 166 countries. This percentage is below the average of 3.20%.

Summary

Portugal's merchandise exports, particularly in agricultural raw materials, food, fuel, ores and metals, and residual goods, are below the global average when compared to other countries. This indicates a potential opportunity for Portugal to diversify its exports portfolio and tap into new markets. Diversifying exports can help Portugal reduce its reliance on specific sectors, mitigate risks associated with fluctuations in commodity prices, and potentially increase overall export revenue.

Technology Exports

Portugal's manufactures exports account for 77.05% of its merchandise exports, which is significantly above the average of 42.62%. This places Portugal at rank 27 out of 152 countries in this category.

Portugal's high-technology exports amount to $3,370,854,682, below the average of $16,655,934,078.80. This places Portugal at rank 38 out of 151 countries.

The percentage of high-technology exports compared to manufactured exports in Portugal is 7.11%, lower than the average of 10.15%. Portugal is ranked 71 out of 150 countries in this aspect.

Portugal's medium and high-tech exports constitute 45.78% of its manufactured exports, above the average of 34.29%. This places Portugal at rank 52 out of 149 countries.

Summary

Portugal has a strong reliance on manufacturing exports, with a higher-than-average share of high-tech exports within this sector. However, Portugal falls below the global average in the value of high-tech exports, indicating potential for growth in higher value-added industries. The country's position in key export categories reflects its competitiveness and potential for economic diversification, which are crucial for sustainable economic development and resilience against global market fluctuations.

Service Exports

- Service exports (BoP, current US$): Portugal's value of 25,489,177,337.40 is below the attribute average of 28,917,292,503.82. It ranks 35th out of 171 countries in the dataset.

- ICT service exports (BoP, current US$): Portugal's value of 2,804,152,404.19 is below the attribute average of 4,578,501,153.77. It also ranks 35th out of 166 countries.

- ICT service exports (% of service exports, BoP): Portugal's value of 11.00% is below the attribute average of 11.75%. It ranks 59th out of 166 countries in the dataset.

- Communications, computer, etc. (% of service exports, BoP): Portugal's value of 41.58% is below the attribute average of 45.85%. It ranks 98th out of 169 countries.

- Transport services (% of service exports, BoP): Portugal's value of 21.28% is below the attribute average of 21.80%. It ranks 69th out of 169 countries.

- Travel services (% of service exports, BoP): Portugal's value of 34.67% is above the attribute average of 26.40%. It ranks 50th out of 167 countries.

- Insurance and financial services (% of service exports, BoP): Portugal's value of 2.46% is below the attribute average of 6.46%. It ranks 101st out of 161 countries.

Summary

Portugal's macroeconomic indicators for service exports, ICT service exports, and various service export components show that the country performs below the attribute averages in most categories, with lower rankings compared to other countries in the dataset. These statistics are crucial as they highlight areas where Portugal may need to focus on improving its competitiveness and efficiency in the global market, especially in sectors like communications, computer services, and insurance/financial services. Addressing these gaps could potentially boost Portugal's overall economic performance and international trade relations.

Commercial Service Exports

Portugal's Commercial service exports amount to $25,326,059,182.41, ranking 35th out of 171 countries. This value is below the average of $28,508,218,402.80.

Travel services represent 34.90% of Portugal's commercial service exports, which is higher than the average of 27.89%. Portugal ranks 52nd out of 167 countries in this category.

Computer, communications, and other services contribute 41.21% to Portugal's commercial service exports, slightly below the average of 42.44%. Portugal ranks 93rd out of 169 countries for this attribute.

Insurance and financial services make up 2.48% of Portugal's commercial service exports, significantly below the average of 6.97%. Portugal ranks 103rd out of 161 countries in this aspect.

Transport services represent 21.42% of Portugal's commercial service exports, lower than the average of 23.37%. Portugal ranks 75th out of 169 countries for this attribute.

Summary

Portugal's commercial service exports amount to $25.3 billion, ranking 35th globally. The country has a higher percentage of travel services and lower percentages of computer, communications, insurance, financial, and transport services compared to the global average.

These findings are important as they highlight Portugal's strengths and weaknesses in different service sectors. Understanding these trends can help policymakers and businesses identify areas for improvement and growth opportunities, ultimately enhancing Portugal's competitiveness in the international market.

Broad Import Attributes

Portugal's imports of goods and services amount to $89.75 billion, ranking 40th out of 163 countries. This value is below the attribute average of $126.19 billion.

The imports of goods and services as a percentage of GDP in Portugal is 39.19%, ranking 76th out of 163 countries. This percentage is below the attribute average of 44.15%.

Portugal's international tourism expenditures as a percentage of total imports stand at 3.95%. This puts Portugal in the 42nd position out of 131 countries, slightly below the attribute average of 3.98%.

Portugal's ICT goods imports account for 7.02% of total goods imports, ranking 47th out of 143 countries. This percentage is slightly above the attribute average of 6.85%.

The value of goods imports in Portugal is $73.88 billion, placing Portugal 37th out of 171 countries. This value is below the attribute average of $92.01 billion.

Portugal's imports of goods and services amount to $89.51 billion. This places Portugal 39th out of 170 countries, with the value being below the attribute average of $120.32 billion.

Portugal's imports of goods, services, and primary income total $101.49 billion, ranking 39th out of 170 countries. This value is below the attribute average of $144.51 billion.

Summary

Portugal's import statistics consistently show that the country has lower-than-average figures in terms of the value of imports, imports as a percentage of GDP, international tourism expenditures as a percentage of imports, ICT goods imports as a percentage of total goods imports, and the total value of imports relative to other countries. These indicators are crucial as they reflect Portugal's level of integration in the global economy, its consumption patterns, and its competitiveness in key sectors.

Merchandise Imports

Portugal's merchandise imports amount to $77.89 billion, which is below the average of $89.39 billion. The country ranks 39th out of 190 countries in this attribute.

Manufactures imports account for 71.72% of Portugal's merchandise imports, higher than the average of 66.76%. Portugal is ranked 50th out of 152 countries.

Portugal's agricultural raw materials imports represent 1.64% of its merchandise imports, surpassing the average of 1.27%. The country holds the 37th rank out of 152 countries.

Food imports constitute 15.36% of Portugal's merchandise imports, slightly below the average of 15.89%. Portugal is ranked 66th out of 152 countries in this aspect.

Portugal's fuel imports contribute to 8.64% of its merchandise imports, lower than the average of 11.38%. The country ranks 95th out of 152 countries.

Ores and metals imports make up 2.48% of Portugal's merchandise imports, slightly below the average of 2.57%. Portugal holds the 56th rank out of 152 countries.

The residual merchandise imports by the reporting economy in Portugal constitute 0.11% of the total merchandise imports, significantly below the average of 2.51%. Portugal ranks 128th out of 180 countries in this category.

Summary

Portugal demonstrates a balanced import profile with a noteworthy emphasis on manufactures imports and agricultural raw materials. While the country's food imports and ores and metals imports align closely with global averages, its fuel imports are comparatively lower. The below-average residual merchandise imports indicate Portugal's efficiency in managing its trade balance.

These indicators are crucial for understanding Portugal's economic structure and trade dynamics. They provide insights into the country's industrial capabilities, agricultural dependencies, energy sources, and overall trade competitiveness. Monitoring these indicators helps policymakers assess Portugal's economic resilience, competitiveness in international markets, and potential vulnerabilities to external shocks.

Service Imports

In terms of Service imports (BoP, current US$), Portugal's value of $15,639,819,128.87 is below the average of $27,615,356,170.47. Portugal ranks 44th out of 171 countries in this attribute.

For Communications, computer, etc. (% of service imports, BoP), Portugal's value of 50.25% exceeds the average of 44.40%. Portugal ranks 75th out of 169 countries in this attribute.

Portugal's Transport services (% of service imports, BoP) value of 21.19% falls below the average of 32.90%. This places Portugal at the 124th rank out of 169 countries.

Regarding Travel services (% of service imports, BoP), Portugal's value of 20.08% is above the average of 14.14%. Portugal ranks 39th out of 169 countries in this category.

Lastly, in Insurance and financial services (% of service imports, BoP), Portugal's value of 8.49% is slightly below the average of 8.53%. The country ranks 68th out of 169 countries in this attribute.

Summary

Portugal performs below average in Service imports, Transport services, and Insurance and financial services as a percentage of total service imports compared to other countries. However, the country excels in Communications, computer, etc. and Travel services, ranking above average globally. These indicators are crucial as they reflect Portugal's strengths and weaknesses in various service sectors, highlighting areas that may require attention or further investment to enhance the country's overall macroeconomic performance.

Commercial Service Imports

Portugal's commercial service imports amount to $15,550,792,564.24, ranking 44 out of 171 countries. This value is below the average commercial service imports of $27,102,746,128.60.

Computer, communications, and other services account for 49.97% of Portugal's commercial service imports, ranking 69 out of 169 countries. This percentage is above the average of 41.71%.

Insurance and financial services represent 8.53% of Portugal's commercial service imports, placing the country at rank 71 out of 169. This value falls below the average percentage of 8.85%.

Transport services make up 21.31% of Portugal's commercial service imports, ranking 126 out of 169 countries. This percentage is below the average of 34.71%.

Travel services constitute 20.19% of Portugal's commercial service imports, ranking 43 out of 169 countries. Portugal performs above average in this aspect compared to the average of 14.73%.

Summary

Portugal's commercial service imports are below the global average, with a significant portion attributed to computer, communications, and other services. Although insurance and financial services make up a smaller percentage, the country excels in travel services imports compared to its peers. These indicators reveal Portugal's reliance on certain service sectors for international trade, highlighting areas of strength and potential growth opportunities in its economy.

Infrastructure

Portugal's passengers carried on railways are 27th out of 64 countries, with 2552 million passenger-km, significantly below the average of 32281.92 million passenger-km.

In terms of goods transported on railways, Portugal ranks 43rd out of 62 countries, with 2402 million ton-km, much lower than the average of 119231.19 million ton-km.

For air transport of freight, Portugal ranks 39th out of 126 countries, with 280.01 million ton-km, well below the average of 1384.37 million ton-km.

Regarding registered carrier departures worldwide, Portugal ranks 37th out of 149 countries, with 73742.36 departures, lower than the average of 134365.61 departures.

Portugal's passengers carried by air transport are 37th out of 149 countries, with 6219531.06 passengers, significantly below the average of 11848242.70 passengers.

Container port traffic in Portugal, with 2981941 TEUs, ranks 39th out of 110 countries, below the average of 6907110.27 TEUs.

Portugal's total rail lines cover 2526.149 total route-km, ranking 38th out of 66 countries, well below the average of 12204.74 total route-km.

Summary

Portugal lags behind in key macroeconomic indicators related to transportation infrastructure compared to global averages. The country's lower rankings in rail and air transport metrics, such as passengers carried, goods transported, and carrier departures, highlight potential inefficiencies in the transportation sector. This could adversely impact trade, economic competitiveness, and connectivity with global markets, emphasizing the need for investment and improvements in Portugal's transportation infrastructure to enhance economic growth and integration.

Information Technology Infrastructure

Portugal has 228,378 secure internet servers, which is below the attribute average of 458,294, ranking 36 out of 193 countries. The country performs better in terms of secure internet servers per 1 million people, with 22,178.91 servers, surpassing the average of 14,067.17, and ranking 35 out of 193 countries.

Regarding individuals using the internet, Portugal has 78.26% of its population online, slightly above the average of 64.77%. This places Portugal at rank 70 out of 180 countries with available data.

In terms of fixed broadband subscriptions, Portugal falls below the average with 4,160,812 subscriptions compared to the average of 6,591,956. The country ranks 36 out of 185 countries in this aspect. Lastly, Portugal lags behind in mobile cellular subscriptions with 11,851,054 subscriptions, significantly lower than the average of 42,526,463. This places Portugal at rank 76 out of 193 countries.

Summary

Portugal ranks moderately in terms of secure internet servers, performing better in servers per 1 million people. It has a high percentage of individuals using the internet but falls below average in fixed broadband subscriptions and mobile cellular subscriptions. These indicators are crucial as they reflect the country's connectivity infrastructure, digital adoption rate, and technological advancement compared to global standards.

Energy Consumption

Portugal's renewable energy consumption stands at 31.21% of total final energy consumption, slightly below the average of 32.18%. The country ranks 79th out of 191 countries in this category.

Regarding CO2 emissions, Portugal emits 38,973.5 kt, significantly lower than the average of 171,895.94 kt. This places Portugal at the 59th rank out of 188 countries for CO2 emissions.

Summary

Portugal's renewable energy consumption percentage is slightly below the global average, ranking 79th worldwide. However, its CO2 emissions are significantly lower than the global average, ranking 59th. These statistics are crucial as they indicate Portugal's progress towards sustainable energy practices and environmentally friendly policies, which can enhance its competitiveness and environmental reputation on the global stage.

Government Balance Sheet

Portugal's Reserves and related items (BoP, current US$) are below the average by $2.47 billion, ranking 134th out of 171 countries.

When it comes to Total reserves minus gold (current US$), Portugal's value is significantly below the average by $68.02 billion, placing it at 84th out of 161 countries.

Portugal's Total reserves (includes gold, current US$) are also below the average by $56.25 billion, ranking 55th out of 161 countries.

In terms of Total reserves in months of imports, Portugal's value is below the average, standing at 3.48 months, and ranks 108th out of 151 countries.

Summary

Portugal's macroeconomic indicators reveal a concerning trend in its reserves and related items compared to other countries. The country falls below the average in reserves and total reserves minus gold, indicating potential vulnerabilities in its external financial stability. This is significant as it may impact Portugal's ability to navigate economic shocks and meet international obligations effectively, highlighting the importance of bolstering reserve holdings to ensure resilience in the face of uncertainties.

Government Revenue

Portugal's revenue, excluding grants (% of GDP) is 37.65%, which is higher than the average of 27.02%. This places Portugal at rank 19 out of 122 countries included in the data.

Grants and other revenue (% of revenue) for Portugal is 10.38%, below the average of 23.54%. This ranked Portugal at 84 out of 108 countries in the dataset.

Portugal's social contributions (% of revenue) stand at 32.34%, surpassing the average of 22.29%. This places Portugal at rank 25 out of 81 countries.

For taxes on goods and services (% of revenue), Portugal's value is 31.12%, slightly below the average of 31.82%. This puts Portugal at the 68th position out of 122 countries.

Portugal's other taxes (% of revenue) are at 2.55%, higher than the average of 2.12%. Portugal ranks 29 out of 106 countries for this attribute.

Lastly, taxes on income, profits, and capital gains (% of revenue) in Portugal are 23.61%, just below the average of 24.66%. Portugal is ranked 60 out of 119 countries for this aspect.

Summary

Portugal performs above average in revenue, excluding grants, social contributions, and other taxes compared to global averages, ranking quite well in these aspects. However, it falls below average in grants and other revenue, taxes on goods and services, and taxes on income, profits, and capital gains. These indicators are crucial as they reflect Portugal's fiscal policy effectiveness, resource allocation, and economic competitiveness compared to other countries globally.

Taxes

1. Tax revenue (% of GDP): Portugal's tax revenue accounts for 22.02% of its GDP, which is above the average of 16.72%. Portugal ranks 26th out of 123 countries in this metric.

2. Taxes on income, profits and capital gains (% of total taxes): In Portugal, taxes on income, profits, and capital gains make up 41.21% of total taxes, slightly above the average of 38.40%. Portugal holds the 46th rank out of 120 countries for this indicator.

3. Tariff rate, applied, weighted mean, all products (%): Portugal has a low applied tariff rate of 1.48%, significantly below the average of 5.21%. This places Portugal at the 132nd rank out of 153 countries in this category.

Summary

Portugal stands out for its relatively high tax revenue as a percentage of GDP, surpassing the global average. Additionally, the country relies more on taxes on income, profits, and capital gains compared to the global norm. On the trade front, Portugal maintains a low applied tariff rate, indicating openness to international trade. These indicators are crucial as they reflect Portugal's fiscal health, tax structure, and trade policies, all of which play significant roles in shaping the country's economic landscape and competitiveness on the global stage.

Government Expenses

Portugal's Expense (% of GDP) is 44.45%, which is 12.76% higher than the average of 31.69%. This places Portugal at rank 18 out of 123 countries in the dataset.

Portugal's Compensation of employees (% of expense) is 21%, below the average of 24.70%. Portugal is ranked 66 out of 123 countries in this attribute.

Goods and services expense (% of expense) in Portugal is 8.30%, lower than the average of 14.77%. Portugal ranks 89 out of 122 countries in this category.

Interest payments (% of expense) in Portugal represent 6.56% of expenses, slightly below the average of 6.85%. Portugal holds the 51st position out of 121 countries in this attribute.

Portugal spends 3.37% of expenses on Other expenses, significantly lower than the average of 8.29%. The country ranks 93 out of 120 in this category.

Subsidies and other transfers (% of expense) in Portugal stand at 47.02%, higher than the average of 43.29%. Portugal is ranked 51 out of 121 countries for this attribute.

Summary

Portugal's expense as a percentage of GDP is higher than the average, indicating a relatively higher level of spending compared to other countries in the dataset. However, the country's compensation of employees, goods and services expense, and other expenses are below average, suggesting a potential room for improvement in terms of efficiency and cost management. On the other hand, Portugal's higher-than-average subsidies and other transfers expenditure may imply a government's focus on support programs and social welfare initiatives, which could impact the overall economic landscape and social development of the country.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Population ages 65 and above (% of total population)	5/194
Net capital account (BoP, current US$)	9/159

Ranks in Bottom Decile For:

Attribute	Rank/Total
Population ages 0-14 (% of total population)	186/194
Birth rate, crude (per 1,000 people)	184/192
Foreign direct investment, net outflows (BoP, current US$)	146/156
Net trade in goods (BoP, current US$)	157/171