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Portugal Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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Population
10,355,493 (July 2018 est.)
GDP (PPP)
$314.1 billion (2017 est.)

GDP growth rate
2.70% (2017 est.)

Portugal is recovering from Europen sovereign debt crisis. Growth rate quite high and improving

GDP (PPP) per capita
$30,500 (2017 est.)

Medium

Local currency
Euro (EUR)

The second most importat currency in the world after the USD

Financial stability (Public debt)
125.7% of GDP (2017 est.)

Very high, however a combination of returned GDP growth, low public deficits and a rebound in inflation are slowly lowering the ratio

Inflation
1.6% (2017 est.)

Medium-low

Language
Portuguese 

English is spoken as a second language in the main urban or touristic areas

Corruption perception index (Source: Transparency International)
Rank 30/180

Medium level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
23% standard VAT rate
Reduced rates: 13% (listed food), 6% (listed food, listed entertainment services, pharma, hotel, books, passenger transport, and agricultural products) Autonomous Region of Madeira, and Autonomous Region of the Azores has different reduced rates.
Corporate Tax
21% standard rate
17% reduced rate applied to SMEs on the first 15,000€ (12.5% if located in the inland regions); 3.9% regional corporate tax rate applies on a wider tax base
Duties
European Union customs duties/import tariffs apply

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