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Portugal Business Report

General information
Source: The World Factbook - Central Intelligence Agency
10,355,493 (July 2018 est.)
$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.)


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

1.6% (2017 est.)



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
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
European Union customs duties/import tariffs apply

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We have a strong position in Europe B2B and Europe trade, especially European Union trade.

If you are interested in doing business in Portugal, or in finding Portuguese manufacturing companies, we can help you.

Thousands of companies in Portugal and Portuguese SMEs use Globartis for their operations.

Join our network today and find the right partner for your Portugal business.

Connect with a Portuguese manufacturer or Portugal importer, or source among Portugal export to find the right product.

Join now and grow your business in Lisbon, one of the best cities for European business.