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Consumption in Portugal falls by 14 %

consumption, portugal
Last year, household consumption in Portugal was 14 % below the EU average, according to Eurostat data. This performance shows an improvement on 2018.

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Last year, household consumption in Portugal was 14 % below the EU average, according to Eurostat data. This performance shows an improvement over 2018.

Consumption in Portugal falls compared to Europe

Portugal appears in 15th position, with an effective individual consumption of 86 % compared to the European average. Thus, Portugal is 14 % lower than the European average. At the bottom of the table we find Bulgaria (59 %), Croatia (66 %) and Hungary (67 %). The Eurostat also reveals that only nine Member States have a level of material well-being above the European average: Luxembourg (35 % above average), Germany ( 23 %), followed by Austria (18 %), Denmark (16 %), Belgium (15 %), the Netherlands (14 %), Finland (13 %), Sweden (12 %) and France (9 %).

consumption in portugal

Eurostat has also carried out an analysis of gross domestic product (GDP) per capita and an indicator of economic activity, concluding that last year the GDP per capita of 10 Member States was higher than the European average, with Luxembourg leading this table being again 61 % above the average, ahead of Ireland and Switzerland. Portugal appears with a GDP per capita 1 9 % below the EU average.

consumption in portugal

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Taxation

Raising Portugal's minimum wage

The Portuguese government recently announced an increase in the national minimum wage (SMN) to 870 euros gross per month over 14 months.

Setting up a business in Portugal

With its attractive tax system, competitive cost of living and privileged access to the European market, Portugal is a strategic destination for developing your business. Find out how setting up your company in Portugal can complement your international expansion.

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