Purchasing power in Portugal increased to 82.4% of the European average in 2024, 1.3 percentage points above 2023, maintaining the country’s 15th position among the 20 countries of the eurozone and 18th in the European Union.
According to data released by the National Institute of Statistics (INE), between 2023 and 2024 Portugal’s Gross Domestic Product (GDP) per capita, expressed in Purchasing Power Parities (PPP), rose from 81.1% to 82.4% of the European Union (EU) average, while maintaining the country’s positions in the European rankings of these indicators.
Regarding Individual Consumption Expenditure per capita, which the INE (National Institute of Statistics) points to as “a more appropriate indicator to reflect the well-being of families” (while GDP per capita is primarily an indicator of the level of economic activity), it stood at 85.7% of the European Union average in 2024, 0.2 percentage points higher than the previous year.
In this indicator, Portugal ranked 15th in the eurozone and 17th in the European Union, compared to 14th and 16th positions, respectively, in the previous year.