The minimum monthly wage in Portugal is USD 680. Portugal has a public debt equal to 38.8% of the country's gross domestic product (GDP) estimated in 2012. Regarding consumer prices, the inflation rate in Portugal is 0.4%. The currency of Portugal is the euro. There are several plural forms of the name "euro". These are euros, euros. The symbol used for this currency is €, abbreviated to EUR. The euro is divided into cents; 1 euro is 100. Every year, consumers spend around 146,970 million US dollars. The ratio of consumer spending to GDP in Portugal is 0.06% and the ratio of consumer spending to world consumer market is 34%. Corporate tax in Portugal is 21%. Personal income tax ranges from 14.5% to 48% depending on your specific situation and income level. VAT in Portugal is 23%.
Gross domestic product
The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Portugal is US$281,357 billion. Gross Domestic Product (GDP) per capita, calculated as Purchasing Power Parity (PPP) in Portugal was last seen at $27,339,582. PPP in Portugal is considered very good compared to other countries. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. The total gross domestic product (GDP) in Portugal is 227.324 billion. Because of this statistic, Portugal is considered to be a large economy. Countries with large economies support a variety of industries and businesses and offer numerous opportunities for investment. Large economies support a significant financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good investment opportunities in Portugal. The gross domestic product (GDP) per capita in Portugal was last recorded at $22,089,172. The average citizen in Portugal has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. Highly skilled labor can be found in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in Portugal averaged 1% in 2014. According to this percentage, Portugal is currently experiencing modest growth. Modest growth countries offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will increase accordingly.