Source: world bank Nominal/PPP
Summary:
Portugal GDP Per Capita expanded from 1960 to 2024, increasing from $3.34 to $313.27 .The compound annual growth rate (CAGR) averaged 7.35% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 24.44%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
Portugal Economic Phases (1960 - 2024)
From 1960 to 2024, Portugal economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1980) indicating robust economic expansion
- Contraction (1981–1982) indicating temporary slowdown
- High Growth (1985–1992) indicating robust economic expansion
- High Growth (2002–2004) indicating robust economic expansion
- High Growth (2006–2008) indicating robust economic expansion
- Contraction (2009–2010) indicating temporary slowdown
- Expansion (2013–2014) indicating steady moderate growth
- High Growth (2017–2018) indicating robust economic expansion
- Contraction (2019–2020) indicating temporary slowdown
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1986 with an increase of 42.89%, while the largest decline was in 2015 at -13.491%.