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The Economy of Portugal
Between 2008 and 2016, the Portugese economy suffered many tough choices. The 2008 global financial crisis caused significant economic downturn in Portugal, and the government’s finance ministers had to maintain a delicate balance between stimulating the economy, and maintaining a reasonable average of public debt, on part with the rest of the EU. However, thanks to a proactive approach by both the government and the Portugese people, earning it a Global Competitiveness Report ranking of 34th in the world, out of 140 countries, earning its reputation as a well-managed and healthy economy.
This economic growth and expansion is both an effect and a cause of Portugal’s numerous trade contacts, and its world-famous companies, some of which include: Grupo Portucel Soporcel-one of the leaders in the international paper market, Corticeira Amorim, the world leader in cork production , Sonae Indústria, the largest producer of wood-based panels in the world, and Conservas Ramirez, the oldest operational canned fish producer on the planet. In addition to major export businesses, Portugal’s other important industries include:
Cement production, plastic products, textiles, steel, construction, leather, footwear, wine, and tourism, which is rapidly becoming one of the most important industries in Portugal, particularly in the Algarve region. The income generated by Portugal brings useful foreign currency, as well as cultural familiarity, which are both essential to Portugal’s transitioning economy, as it moves further from agriculture exports and begins to resemble other Western countries, with its economy moving to center around banking, finance, the service sector, retail trade, and wholesale goods.
The growing tourism industry, as well as the nation’s economic shifts, have led to the government to undertake large-scale investments and public efforts focused on increasing the standard of living, and according to Numbeo, the largest database of countries, Portugal ranks within the top 25 for quality of life, surpassing even Spain, Italy, and Hong Kong.
There is no doubt that Portugal’s economy is growing, as is its standard of living, and all data indicates these trends will continue for quite some time, which makes Portugal a particularly attractive destination for both property investment and retirement.
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6 Bed Building for sale in Óbidos, Portugal
This beautiful house is surrounded by an impressive and peaceful countryside. With an infinite pool in the garden, followed by an amazing view over the Orchards and a water reservoir. Just 7 min from the medieval town Obidos and only 12 min from the white sandy beaches of Foz do Arelho. With 600 m² the […]
This property is a luxury designed exclusively on the Silver Coast, enjoying a breathtaking view with a great location on top of a ridge overlooking the Obidos Lagoon and beyond the Atlantic. This magnificent villa comprises 5 bedrooms, 4 en-suites, 1 bathroom, 1 spacious living room, 1 dining room and 1 fully equipped kitchen and […]
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At Praia D’el Rey Golf and Beach Resort we find this wonderful contemporary design 4 bedroom villa with pool, garden, garage and a few steps from the beach. Praia D’el Rey is one of the favorite spots for a good vacations to be a quiet and peaceful zone, providing great moments of leisure and relaxation […]
Villa under construction of modern architecture with garden and swimming pool. Located in Foz do Arelho just 1Km from the beach. Single family house, 4 bedroom, with ground-floor and basement for garage and storage. Good sun exposure: facing east. On a plot of land with 2,112 m2 situated on top of the hillside with panoramic […]
At less than an hour from Lisbon this is a magical place. Among pine trees, dunes and front of the sea here you breathe health. In full communion with nature this villa has a harmonious balance between a sophisticated lifestyle and rustic surroundings. Natural light flows freely through the spaces. Materials such as local stone, […]
New project with our stamp of quality! Stunning contemporary design villa with garden, swimming pool and garage. In a plot of 1500 m2 with excellent location, just a few steps from Obidos lagoon and the beach. On the 1st floor with 3 bedrooms, all en-suite with closet and balcony. On the ground floor it will […]
2 Bed Apartment for sale in Lisbon, Portugal
The Estoril area, more specifically the Monte do Estoril is one of the most Premium areas around Lisbon. Close to the vibrant capital, this neighborhood offers a top quality lifestyle. Served by stunning local beaches, top golf courses, trendy shops and gourmet restaurants this village offers elegance and sophistication. This area was the residence for […]
In the center of Lourinhã we find this excellent villa with views over the countryside and the city. Inserted in a plot of 426,5 m2 it has a large patio, garage and barbecue area. Composed by: Ground floor – living room of 34 m2 with fireplace, 1 office / bedroom, 1 bathroom, kitchen and dining […]
Just 150 meters from the sea, by one of the best beaches of the West region, is in final phase of construction a fantastic contemporary architecture villa with 4 bedrooms, garage, swimming pool and a rooftop terrace with a stunning sea view! Composed by: Ground floor – living / dining room of 39m2 overlooking the […]
The house of your dreams is already being built … Condominium of 7 individual luxury villas with sea views next to the beach of Porto Dinheiro in Lourinhã. Quality and comfort with sea view, garden, swimming pool, jacuzzi and many more details in a great location. Book now yours, you still have the possibility to […]
3 Bedroom villa in Bombarral, 20 minutes from the beaches and 45 minutes from Lisbon, with garage for several cars, patio with barbecue and garden. Composed by: Ground floor – garage, bathroom, oven house, barbecue, kitchen and machines room. 1st floor – 1 suite with full bathroom, 2 bedrooms, living / dining room, equipped kitchen, […]
This beautiful Triplex is located in a private condominium in one of the most beautiful Regions of the Country the West Zone (Silvercoast), with a great sun exposure and sea view. Close to all amenities, just a couple of minutes away in the village of Lourinhã and the beaches. Just 10 minutes from the new […]
Luxurious modern design villa located in the Alcobaça area, close to all amenities and only one hour from Lisbon. The villa has many details and amenities that together create a luxurious and practical accommodation. Designed by an award-winning architect, this villa has unique details and is set in a large plot with an inviting heated […]
Modern villa in design, just 900 meters from the center of Lourinhã. In a plot of 1420m2 with magnificent countryside views. Comprising 2 floors with fully equipped kitchen, pantry, toilet, office, 3 bedrooms (one of them en suite with dressing room and balcony), living room with fireplace and large windows to enjoy the totality of […]
3 Bedroom villa, under construction, by the Pinhõa mills in Lourinhã. In a land of 2260m2 with a magnificent landscape. Composed by 2 floors with 3 bedrooms, living room, kitchen, 2 bathrooms and porches. Pinhõa is a small village in the municipality of Lourinhã with a rural setting and famous for its windmills that were […]
