Portuguese Economic structure

Following the trend of its European partners, over the last decades one of the most important characteristics of the structure of the Portuguese economy is the increase in the services sector that contributed, in 2015, with 75.8% of GVA and employed 68.1% of the population.

Agriculture, forestry and fishing generated only 2.4% of GVA and 7.5% of employment while industry, construction, energy and water represented 21.9% of GVA and
24.5% of employment.

In the last decade, apart from a greater focus and diversification of services within the economic activity, there was in the transformation industry in Portugal a significant change in its specialization. Coming from a dependence on traditional industrial activities to a situation where new sectors, with a larger amount of technology, have gained importance and significant growth, sectors such as the automotive and components sector, electronics, energy, pharmaceutical sector
and industries related to new technologies of information and telecommunications. Within the services sector, the importance of tourism should be emphasized, benefiting from Portugal’s geographical position, the Mediterranean climate, moderated by the influence of the Atlantic and its extensive coastline.