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Back Portugal as a Hub for Europe: The Export Revolution Our Kids Will Study

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Portugal as a Hub for Europe: The Export Revolution Our Kids Will Study

50 mins.
05 DECEMBER, 2023
ANALYSTS:
Beatriz Cortez de Lobão
Ignacio de la Torre, Ph. D.
CATEGORIES:
Macro Global Portugal AER España AER Portugal
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Portugal's exports have jumped from 25% of GDP in 2009 to more than 50%. What lays behind this is a huge gain in competitiveness which will help the country become a hub for manufacturing activities repatriated from China, just as Mexico is doing. In addition, Portugal now exports 10% of its GDP in non-tourist services, overtaking tourism and demonstrating its attractiveness as a country for recruiting workers with good English skills. Today's report looks at how this revolution has taken place and the opportunities it opens up for the country and its investors in the future.

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