Country profile
Portugal
An EU exporter of cars, electrical equipment, machinery, pharmaceuticals, textiles and cork, with mostly renewable power.
Updated 11 November 2026. Sources at the bottom of the page.
- Capital
- Lisbon
- Population
- 10.8 million (2026)
- Currency
- Euro (EUR)
- GDP, 2026
- US$375 billion
- Exports, 2025
- US$89.5 billion
- Exchange rate
- 1 EUR = 1.12 USD (10 Nov 2026)
Economy
IMF World Economic Outlook, October 2026. 2026 and 2027 are IMF projections.
2.1%Real GDP growth, 2026
1.9%Real GDP growth, 2027
3.2%Inflation, 2026
5.9%Unemployment, 2026
85.1% of GDPGovernment debt, 2026
0% of GDPCurrent account, 2026
Compare Portugal with other countries →
Trade
Top export markets
Share of the country’s exports, 2025
- Spain (26%)
- Germany (13.9%)
- France (12%)
- United States (5.8%)
- United Kingdom (4.5%)
Main exports
Product groups, share of exports
- Vehicles and parts (12.4%)
- Electrical machinery and equipment (9.1%)
- Machinery, including computers (6.5%)
- Pharmaceuticals (6%)
- Mineral fuels (5.1%)
Main trade agreements
- EU single market
- EU agreements including CETA (Canada), EU–Japan, EU–Korea, EU–Mexico and EU–Vietnam
- EU–UK Trade and Cooperation Agreement
Trade policy to watch
- EU Carbon Border Adjustment Mechanism (CBAM): in its definitive phase since 1 January 2026 for imports into the EU of iron and steel, aluminium, cement, fertilisers, electricity and hydrogen.
- EU trade policy: no tariffs inside the EU; trade with non-EU countries is set at EU level.
- Grid reliability: after the April 2025 blackout across Spain and Portugal, both countries are investing in grid stability and storage.
Energy
Renewables, mainly wind, hydro and solar, produce most of Portugal's electricity. Portugal imports all of its oil and gas and has an LNG terminal at Sines.
What it means for your supply chain
- Portugal is a nearshore EU source for textiles, footwear, moulds, cork and auto parts.
- A quarter of exports go to Spain, so Iberian demand drives Portuguese suppliers.
- Importers of steel, aluminium and other CBAM goods into Portugal need emissions data from their non-EU suppliers.
Portugal in the Supplier Hub
2 companies in the Supplier Hub are listed under Portugal.
Sources
- IMF, World Economic Outlook, October 2026: GDP, growth, inflation, unemployment, government debt, current account (2026 and 2027 are projections; updated automatically).
- IMF, World Economic Outlook database: population (2026 estimate).
- Trading Economics, based on UN Comtrade data: export markets and main exports; shares calculated from the listed values.
- Bank of Canada, daily exchange rates (cross rates calculated from CAD rates; updated daily).
- Energy Institute, Statistical Review of World Energy 2026: energy profile.
- European Commission, Carbon Border Adjustment Mechanism.
Figures are the latest published at the time of the update and may since have been revised. This page is for general information, not investment or legal advice.