How does Portugal rank in the world?

How does Portugal rank in the world?

The economy of Portugal is ranked 34th in the World Economic Forum’s Global Competitiveness Report for 2019….Economy of Portugal.

Population 10,347,892 (2021 Census)
GDP $257,391 billion (nominal; 2021) $370,497 billion (PPP; 2021)
GDP rank 47th (nominal, 2020) 52nd (PPP, 2021)

Is Portugal a strong country?

Compared to the majority of Western Europe and the developed world, Portugal generally ranks as one of the less advanced countries, appearing in 34th place on the UN Human Development Index (HDI), the 17th lowest score from the EU-27.

Is Portugal a poor or rich country?

It is also a member of the World Bank and World Trade Organization. The country’s gross domestic product per capita is one of the lowest among wealthy nations, and unemployment rates are high in this heavily service-based economy.

Is Portugal a poor country 2020?

There are almost 2.6 million people living below the poverty line in Portugal, according to the National Statistics Institute. Portugal is one of the most unequal countries in Europe. The wealthy citizens earn an income that is five times higher than other people who are living in poverty.

Is Portugal financially stable?

Portugal’s economic freedom score is 70.8, making its economy the 31st freest in the 2022 Index. Portugal is ranked 21st among 45 countries in the Europe region, and its overall score is above the regional and world averages. The Portuguese economy contracted in 2020, but growth resumed in 2021.

Is Portugal a socialist state?

XXII Constitutional Government (2019-) The XXII Constitutional Government of Portugal is the current cabinet of the Portuguese government. It was established on 26 October 2019 as a Socialist Party (PS) minority government led by Prime Minister António Costa.

Is Portugal a capitalist?

Is Portugal a capitalist country? Neither capitalist nor communist, Portugal’s economy was quasi-traditional. The corporative framework within which the Portuguese economy evolved combined two salient characteristics: extensive state regulation and predominantly private ownership of the means of production.

Does Portugal have free healthcare?

Universal Health Coverage: Portugal provides healthcare free of charge to children under age 18 and adults over 65. If citizens do not meet these requirements, and unless they need urgent care or have a unique situation, the NHS offers healthcare to them at a low cost.

What is the credit rating of Portugal?

Portugal – Credit Rating. Standard & Poor’s credit rating for Portugal stands at BBB with stable outlook. Moody’s credit rating for Portugal was last set at Baa3 with positive outlook. Fitch’s credit rating for Portugal was last reported at BBB with stable outlook.

What does Portugal’s BBB credit rating mean?

DBRS’s credit rating for Portugal is BBB (high) with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Portugal thus having a big impact on the country’s borrowing costs.

What is the rank of Portugal in the World 2019?

Portugal #24 in Overall Rankings #25 out of 80 in 2019. More. Credit (Dominik Bindl/Getty Images) Overview. Overview; Ranking Details; Photos; Additional Rankings; Recommended Articles; Overview

Why is Portugal so popular?

Long stretches of beach, a mild climate and 15 UNESCO Heritage Sites make Portugal an increasingly popular place to visit. Militaristic dictatorships that had taken advantage of a nation in crisis were finally overturned in 1974, and a democracy was established.