In 2023, the dominant sector contributing to Portugal’s GDP was Services at 47.17%, followed by Wholesale, retail trade, restaurants, and hotels at 20.2%. Mining, Manufacturing, Utilities accounted for 18.3%, while Transport, storage, and communication contributed 8.23%. Construction and Agriculture, hunting, forestry, fishing made up 3.91% and 2.19% respectively. Over the past year, these sectors displayed modest growth, with Services and Wholesale showing slight upticks, whereas Construction remained fairly stable.
Future trends to watch involve potential growth in digital services and technology-driven sectors. The impact of sustainability initiatives on Agriculture and Manufacturing is also significant. Monitoring shifts in consumer behavior affecting Wholesale and retail trade will be crucial for predicting economic patterns.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 47.17 | 2016 | |
| 2 | 2 Wholesale, retail trade, restaurants and hotels | 20.2 | 2016 | |
| 3 | 3 Mining, Manufacturing, Utilities | 18.3 | 2016 | |
| 4 | 4 Transport, storage and communication | 8.23 | 2016 | |
| 5 | 5 Construction | 3.91 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 2.19 | 2016 |
