Economy of Portugal
The economy of Portugal is ranked 37th in the World Competitiveness Ranking 2025 by Swiss institute IMD. The large majority of the international trade is done within the European Union (EU), whose countries received 71.4% of the Portuguese exports and were the origin of 74.6% of the Portuguese imports in 2020. The Portuguese currency is the euro (€) and the country has been a part of the Eurozone since its inception. Portugal's central bank is the Banco de Portugal, which forms part of the European System of Central Banks, and the major stock exchange is the Euronext Lisbon. Among OECD nations, Portugal has a social security system; social expenditure stood at roughly 24.6% of GDP. The Portuguese economy had a GDP growth in 2025 of 1.9%, according to official data. The economic growth has been accompanied by a continuous fall in the unemployment rate (6% during 2025, compared with 13.9% registered in the end of 2014), with Portugal's unemployment rate remaining steady at 5.6% by September...
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