Portugal
On this page you will find beneficial information regarding foreign direct investment in / trading with Portugal. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Republic
Population: 10.33 million (2021)
GDP: 253.7 billion USD (2021)
Corporate Tax Rate: 21%
Personal Income Tax Rate: 14.5%
Major Exports: Cars ($4.21B), Motor vehicles; parts and accessories (8701 to 8705) ($3.11B), Refined Petroleum ($2.67B), Leather Footwear ($1.72B), and Rubber Tires ($1.28B), exporting mostly to Spain ($19.3B), France ($9.33B), Germany ($8.13B), United States ($4.49B), and United Kingdom ($4.08B).
Major Imports: Crude Petroleum ($4.46B), Cars ($3.89B), Motor vehicles; parts and accessories (8701 to 8705) ($2.98B), Refined Petroleum ($2.52B), and Packaged Medicaments ($2.27B), importing mostly from Spain ($30.5B), Germany ($11.7B), France ($6.24B), Italy ($5.14B), and Netherlands ($5.08B).
Investment Agency: AICEP Portugal Global
Website: https://www.portugalglobal.pt/
