Employment Rate in Portugal decreased to 54.70 percent in the first quarter of 2020 from 55.30 percent in the fourth quarter of 2019. Employment Rate in Portugal averaged 55.35 percent from 1998 until 2020, reaching an all time high of 59.20 percent in the second quarter of 2002 and a record low of 48.80 percent in the first quarter of 2013. In Portugal, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - Portugal Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Portugal 2Y Bond Yield was -0.15 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Portugal 2 Year Note Yield reached an all time high of 21.71 in January of 2012.

Standard & Poor's credit rating for Portugal stands at BBB with stable outlook. Moody's credit rating for Portugal was last set at Baa3 with positive outlook. Fitch's credit rating for Portugal was last reported at BBB with stable outlook. DBRS's credit rating for Portugal is BBB (high) with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Portugal thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Portugal as reported by major credit rating agencies.

Portugal recorded 27406 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Portugal reported 1114 Coronavirus Deaths. This page includes a chart with historical data for Portugal Coronavirus Cases.

Portugal recorded 1126 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Portugal reported 27406 Coronavirus Cases. This page includes a chart with historical data for Portugal Coronavirus Deaths.

Portugal recorded 2499 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Portugal reported 1126 Coronavirus Deaths. This page includes a chart with historical data for Portugal Coronavirus Recovered.

Housing Index in Portugal increased to 144.10 points in the fourth quarter of 2019 from 143.12 points in the third quarter of 2019. Housing Index in Portugal averaged 107.98 points from 2008 until 2019, reaching an all time high of 144.10 points in the fourth quarter of 2019 and a record low of 92.25 points in the second quarter of 2013. In Portugal, Housing Index measures the evolution of housing prices in the residential market. This page provides - Portugal House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Portuguese National Health Service has responded well to financial pressure, successfully balancing the twin priorities of financial consolidation and continuous quality improvement, according to a new OECD report.

Unemployment Rate in Portugal remained unchanged at 6.70 percent in the first quarter of 2020 from 6.70 percent in the fourth quarter of 2019. Unemployment Rate in Portugal averaged 7.76 percent from 1983 until 2020, reaching an all time high of 17.50 percent in the first quarter of 2013 and a record low of 3.70 percent in the second quarter of 2000. In Portugal, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Portugal Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of employed persons in Portugal decreased to 4811.60 Thousand in February of 2020 from 4818.60 Thousand in January of 2020. Employed Persons in Portugal averaged 4703.71 Thousand from 1988 until 2020, reaching an all time high of 5007.40 Thousand in August of 2002 and a record low of 4215.20 Thousand in February of 1994. In Portugal, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Portugal Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Debt in Portugal decreased to 249980 EUR Million in the fourth quarter of 2019 from 252278 EUR Million in the third quarter of 2019. Government Debt in Portugal averaged 159351.93 EUR Million from 2000 until 2019, reaching an all time high of 252278 EUR Million in the third quarter of 2019 and a record low of 62915 EUR Million in the second quarter of 2000. This page provides the latest reported value for - Portugal General Government Gross Debt - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Capacity Utilization in Portugal decreased to 69.92 percent in the first quarter of 2020 from 80.36 percent in the fourth quarter of 2019. Capacity Utilization in Portugal averaged 79.27 percent from 1986 until 2020, reaching an all time high of 85.37 percent in the third quarter of 2003 and a record low of 68.47 percent in the first quarter of 2009. This page provides - Portugal Capacity Utilization - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports from Portugal in Turkey increased to 64121.88 USD THO in March from 60384.42 USD THO in February of 2020. Imports from Portugal in Turkey averaged 57231.17 USD THO from 2014 until 2020, reaching an all time high of 86416.50 USD THO in October of 2014 and a record low of 39582.86 USD THO in June of 2019. This page includes a chart with historical data for Turkey Imports from Portugal.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.

Low growth and huge current account deficits have characterised the Portuguese economy over the past decade.

Today the OECD is publishing a report on Portugal's challenges as far as structural reform is concerned. The OECD is an outstanding reference for policy-makers all around the world and I wanted my country to benefit from your skills, experience, and insights, especially on the question of structural reform, said the Portuguese Prime Minister.

After two decades of strong economic growth and convergence in living standards towards the levels of more prosperous OECD countries, Portugal’s performance weakened in the 2000s, productivity growth slowed and competitiveness deteriorated. Restoring Portugal’s potential for strong, inclusive growth calls for a comprehensive reform of the State.

Having been hit hard by the global crisis, the Portuguese government has taken action to put its economy back on track, and to correct external and budgetary imbalances. This document highlights some key priorities to support economic growth and competitiveness through further productivity-enhancing structural reforms.

Fundamental reforms have helped put the Portuguese economy back on the right track, but a durable recovery will require additional measures to improve export competitiveness, create jobs and ensure social protection for those most in need, according to the latest OECD Economic Survey of Portugal.

In the years before the economic crisis, Portugal had low growth, a decline in export competitiveness and rising imbalances that included a large current account deficit and a strong expansion of the non-tradable sector. Strengthening export performance is therefore one of the principal challenges for Portugal.

The Portuguese economy is gradually recovering from a deep recession thanks to a broad structural reform agenda that has led to rising economic growth, falling unemployment and remarkable progress in export performance.

Portugal’s economy has successfully recovered from the strong recession that lasted until 2014. Nonetheless, the economy’s still low investment, which has declined far more than in other Euro area countries, remains a source of concern.

For each hour worked Portugal produces about half of the output produced in the United States.

Despite significant progress made, improving skills remains one of Portugal’s key challenges for raising growth, living standards and well-being.

Não obstante o progresso significativo conseguido, melhorar as competências e as qualificações continua a ser um dos principais desafios que Portugal enfrenta para aumentar o crescimento, os níveis de vida e o bem-estar.

Imports in Portugal decreased to 6095.95 EUR Million in March from 6462.24 EUR Million in February of 2020. Imports in Portugal averaged 1794.85 EUR Million from 1950 until 2020, reaching an all time high of 7270.02 EUR Million in October of 2019 and a record low of 0 EUR Million in May of 1955. In 2017, Portugal imported mostly: machinery and mechanical appliances, electrical equipment (17 percent of total imports); vehicles, aircraft, vessels and associated transport equipment (14 percent); mineral products (12 percent); products of the chemical or allied industries (10 percent); base metals and articles of base metal (8 percent); plastics and rubber (6 percent); textiles and textile articles (6 percent); live animals, animal products (5 percent); prepared foodstuffs (5 percent); and vegetables (4 percent). Portugal's main import partners were Spain (32 percent of total imports), Germany (14 percent), France (7 percent), Italy and the Netherlands (5 percent each), the UK and China (3 percent each) and Russia and Brazil (2 percent each). This page provides - Portugal Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core consumer prices in Portugal decreased 0.10 percent in April of 2020 over the same month in the previous year. Core Inflation Rate in Portugal averaged 7.45 percent from 1978 until 2020, reaching an all time high of 31.27 percent in May of 1984 and a record low of -0.57 percent in January of 2010. This page provides - Portugal Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Uncertainty faced by households and firms affects economic activity. The rise in uncertainty since the beginning of the sovereign debt crisis in Greece could be one factor that has contributed to the steep and long-lasting recession. This paper presents a brief empirical analysis quantifying this phenomenon and compares it with developments in Ireland and Portugal.

Portugal has one of the most unequal income distributions in Europe and poverty levels are high. The economic crisis has halted a long-term gradual decline in both inequality and poverty and the number of poor households is rising, with children and youths being particularly affected. Unemployment is one of the principal reasons why household incomes declined.

Democracy is a living organism; it is made by and for the people. And encouraging more people to participate surely strengthens democracy.

The 2017 edition of the OECD E-Leaders meeting will discuss how governments can best adapt to the growing role of advanced technologies in service delivery. Delegates will discuss the implications of the digital transformation in governments, including the skills base, the data infrastructure and approaches to the commissioning of ICT goods and services.

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Unemployment Change in Portugal increased to 28199 in March from -4996 in February of 2020. Unemployment Change in Portugal averaged -285.64 from 2003 until 2020, reaching an all time high of 35638 in January of 2010 and a record low of -31613 in May of 2014. In Portugal, unemployment change measures the change in the number of registered unemployed compared to the previous month. This page provides - Portugal Unemployment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Household Saving Rate in Portugal increased to 6.20 percent in the third quarter of 2019 from 6.10 percent in the second quarter of 2019. Personal Savings in Portugal averaged 9.40 percent from 1999 until 2019, reaching an all time high of 13.90 percent in the third quarter of 2002 and a record low of 5.10 percent in the second quarter of 2008. In Portugal, the households saving rate measures the part of the disposable income which is not spent as final consumption expenditure, and it is calculated as the ratio between gross saving and disposable income (includes the adjustment for the change in pension entitlements). This page provides - Portugal Gross Household Saving Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports from Portugal in Germany increased to 594870 EUR Million in February from 580901 EUR Million in January of 2020. Imports from Portugal in Germany averaged 90516.88 EUR Million from 1990 until 2020, reaching an all time high of 675909 EUR Million in September of 2019 and a record low of 151 EUR Million in September of 1990. This page includes a chart with historical data for Germany Imports from Portugal.

Money Supply M2 in Portugal decreased to 238857.30 EUR Million in February from 239239.30 EUR Million in January of 2020. Money Supply M2 in Portugal averaged 158972.42 EUR Million from 1997 until 2020, reaching an all time high of 239239.30 EUR Million in January of 2020 and a record low of 92238 EUR Million in September of 1997. Portugal Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - Portugal Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Loans to Private Sector in Portugal decreased to 66412 EUR Million in February from 66757 EUR Million in January of 2020. Loans to Private Sector in Portugal averaged 84126.30 EUR Million from 1997 until 2020, reaching an all time high of 118862 EUR Million in November of 2010 and a record low of 31523 EUR Million in January of 1998. This page provides - Portugal Loans to Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages High Skilled in Portugal increased to 1430 EUR/Month in 2018 from 1340 EUR/Month in 2017. Wages High Skilled in Portugal averaged 1390 EUR/Month from 2015 until 2018, reaching an all time high of 1430 EUR/Month in 2018 and a record low of 1340 EUR/Month in 2017. High Skilled Wages refer to highest estimate of wage of workers doing high-skilled jobs, calculated from sample of wages collected by WageIndicator surveys.

Industrial Production in Portugal decreased 7.20 percent in March of 2020 over the same month in the previous year. Industrial Production in Portugal averaged -1.04 percent from 2005 until 2020, reaching an all time high of 10.10 percent in August of 2017 and a record low of -18.20 percent in January of 2009. In Portugal, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 93.9 percent of total production. The biggest segments within Manufacturing are: food products (13 percent of total production); coke, refined petroleum products and fuels (10 percent); motor vehicles, trailers and semi-trailers (9 percent); metal products, except machinery and equipment (7 percent); chemicals and synthetic or artificial fibers, except pharmaceuticals (5 percent); rubber and plastic products (5 percent); and paper products (5 percent). Electricity, gas, steam and air conditioning supply account for 5 percent of total output and water supply, sewerage and waste management account for 1 percent. This page provides - Portugal Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Electricity Production in Portugal increased to 5709 Gigawatt-hour in December from 5140 Gigawatt-hour in November of 2019. Electricity Production in Portugal averaged 3888.01 Gigawatt-hour from 2008 until 2019, reaching an all time high of 5942 Gigawatt-hour in March of 2018 and a record low of 2106 Gigawatt-hour in April of 2008. This page has Electricity Production values for Portugal.

Employment in Portugal decreased by 0 in December of 2019. Employment Change in Portugal averaged 0.10 percent from 1995 until 2019, reaching an all time high of 1.30 percent in the third quarter of 2014 and a record low of -3 percent in the fourth quarter of 2012. In Portugal, employment change refers to the quarterly change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment. This page provides - Portugal Employment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in Portugal decreased 8.30 percent in March of 2020 over the previous month. Industrial Production Mom in Portugal averaged -0.12 percent from 2005 until 2020, reaching an all time high of 6.40 percent in May of 2006 and a record low of -8.30 percent in March of 2020. In Portugal, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 93.9 percent of total production. The biggest segments within Manufacturing are: food products (13 percent of total production); coke, refined petroleum products and fuels (10 percent); motor vehicles, trailers and semi-trailers (9 percent); metal products, except machinery and equipment (7 percent); chemicals and synthetic or artificial fibers, except pharmaceuticals (5 percent); rubber and plastic products (5 percent); and paper products (5 percent). Electricity, gas, steam and air conditioning supply account for 5 percent of total output and water supply, sewerage and waste management account for 1 percent. This page provides the latest reported value for - Portugal Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP From Transport in Portugal decreased to 3783 EUR Million in the fourth quarter of 2019 from 3800.10 EUR Million in the third quarter of 2019. GDP From Transport in Portugal averaged 3082.52 EUR Million from 1995 until 2019, reaching an all time high of 3800.10 EUR Million in the third quarter of 2019 and a record low of 2062.80 EUR Million in the third quarter of 1995. This page provides - Portugal Gdp From Transport- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Car Production in Portugal decreased to 13686 Units in March from 25002 Units in February of 2020. Car Production in Portugal averaged 15425.03 Units from 1994 until 2020, reaching an all time high of 186996 Units in December of 1999 and a record low of 806 Units in August of 2004. This page provides - Portugal Car Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Business Confidence in Portugal decreased to -0.70 points in April from 1.80 points in March of 2020. Business Confidence in Portugal averaged 1.69 points from 1989 until 2020, reaching an all time high of 5.10 points in March of 1989 and a record low of -4 points in November of 2012. In Portugal, the National Statistics Institute (INE) economic climate indicator on three terms moving averages is calculated in order to receive a timely composite indicator for the several sectors of economic activity. It is estimated using balances of questions from the Manufacturing Industry (1179 companies), Trade (1102 companies), Construction and Public Works (822 companies) and Services (1427 companies) surveys. The calculation is based on the factor analysis and the estimated series (the common component) is calibrated using the GDP change rates. The use of moving averages smooths out the series by removing the irregular movements, allowing the detection of the short-term trends. This page provides the latest reported value for - Portugal Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Portugal 10Y Bond Yield was 0.93 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Portugal Government Bond 10Y reached an all time high of 16.50 in January of 2012. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Portugal recorded a Government Budget surplus equal to 0.20 percent of the country's Gross Domestic Product in 2019. Government Budget in Portugal averaged -4.73 percent of GDP from 1995 until 2019, reaching an all time high of 0.20 percent of GDP in 2019 and a record low of -11.40 percent of GDP in 2010. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Portugal Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Youth Unemployment Rate in Portugal remained unchanged at 19.50 percent in February from 19.50 percent in January of 2020. Youth Unemployment Rate in Portugal averaged 20.68 percent from 1983 until 2020, reaching an all time high of 41.40 percent in February of 2013 and a record low of 11.10 percent in March of 1991. This page provides the latest reported value for - Portugal Youth Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Households Debt in Portugal decreased to 63.90 percent of GDP in the fourth quarter of 2019 from 64.90 percent of GDP in the third quarter of 2019. Households Debt To GDP in Portugal averaged 48.66 percent of GDP from 1979 until 2019, reaching an all time high of 92.20 percent of GDP in the fourth quarter of 2009 and a record low of 7.60 percent of GDP in the fourth quarter of 1979. This page provides - Portugal Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in Portugal stands at 21 percent. Corporate Tax Rate in Portugal averaged 34.67 percent from 1981 until 2020, reaching an all time high of 55.10 percent in 1983 and a record low of 21 percent in 2015. In Portugal, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Portugal. This page provides - Portugal Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.