Capital: Lisbon

Area: 92 391 km²

Official language: Portuguese

Time zone: WET (UTC +0), WEST (UTC +1)

Calling code: +351

Currency: 1 euro = 100 cents (EUR, €)

Density: 116 people/km²

Internet TLD: .pt

The economy:

Main trading partners of Portugal are mostly European Union countries: Spain, Germany, France, Italy, the Netherlands, Great Britain and Belgium. Trade with these countries amounts to 75% of business trade. Apart from these countries, important partners of Portugal are Brazil, Nigeria and the United States. Portugal exports mostly machinery and equipment, vehicles and parts, base metals, fuels, plastics, rubber, chemical products, garments, agricultural products, paper and pulp. While it imports fuel, machinery and equipment, vehicles and parts, agricultural products, chemicals, metals, plastics, rubber, food and clothing.

The most important foreign investors of Portugal were: the Netherlands (22% of share in direct foreign investments), Spain (17,7%), France (16,4%), Great Britain (13,8%), Germany (10,1%), Switzerland (6,2%), Belgium (4,1%), Luxembourg (2,7%), Ireland (1,5%) and the United States (1,3%). Great amount of investments was made in trade sector (38,9), financial services (22,3%), industrial production (21%), information technology and telecommunication (5,7%), consulting and research (2,6%), industry related to electricity, gas and water (1,9%), architecture (1%) and real estate (0,9%).

You are invited to contact us to set details about the Portuguese market research.