Portugal - Income



The US Central Intelligence Agency (CIA) reports that in 2002 Portugal's gross domestic product (GDP) was estimated at $182 billion. The per capita GDP was estimated at $18,000. The annual growth rate of GDP was estimated at 0.8%. The average inflation rate in 2002 was 3.7%. The CIA defines GDP as the value of all final goods and services produced within a nation in a given year and computed on the basis of purchasing power parity (PPP) rather than value as measured on the basis of the rate of exchange. Agriculture accounted for an estimated 4% of GDP, industry 29%, and services 68%.

According to the United Nations, in 2000 remittances from citizens working abroad totaled $3.179 billion or about $317 per capita and accounted for approximately 3% of GDP. Worker remittances in 2001 totaled $3.337 billion.

The World Bank reports that in 2001 per capita household consumption (in constant 1995 US dollars) was $8,223. Household consumption includes expenditures of individuals, households, and nongovernmental organizations on goods and services, excluding purchases of dwellings. It was estimated that for the same period private consumption grew at an annual rate of 1%. Approximately 29% of household consumption was spent on food, 7% on fuel, 2% on health care, and 19% on education. The richest 10% of the population accounted for approximately 28.4% of household consumption and the poorest 10% approximately 3.1%.

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