By the end of 2023, GDP (PPP) was $48,859 per capita, according to the World Bank. In 2023, Portugal had the 5th lowest GDP per capita (PPP) of the eurozone out of 20 members, and the 8th lowest of the European Union out of 27 member-states. In 2022, labour productivity had fallen to the fourth lowest among the 27 member-states of the European Union (EU) and was 35% lower than the EU average. Within the EU, Portugal's economy ranks lower than most Western states.
By the end of 2023, GDP (PPP) was $48,859 per capita, according to the World Bank. In 2023, Portugal had the 5th lowest GDP per capita (PPP) of the eurozone out of 20 members, and the 8th lowest of the European Union out of 27 member-states. In 2022, labour productivity had fallen to the fourth lowest among the 27 member-states of the European Union (EU) and was 35% lower than the EU average. Within the EU, Portugal's economy ranks lower than most Western states.