Between 2008 and 2018 GDP grew by an average of 1.2% per year. Portugal has become a diversified and increasingly service-based economy since joining the European Community, the European Union’s predecessor, in 1986.
Industrial production, as measured by the Industrial Production Index, has experienced a decline over the past decade peaking during the financial crisis at -8.4%.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 2.8% p.a. in a low scenario to 3.8% p.a. in a high scenario. Accordingly, the industry in Portugal is expected to achieve revenues of between $350m to $369m by 2023.
Published: 2020
Report Data: 2019
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