Portugal PT: Gross Domestic Product

Portugal PT: Gross Domestic Product data was reported at 265,525.052 EUR mn in 2023. This records an increase from the previous number of 242,340.810 EUR mn for 2022. Portugal PT: Gross Domestic Product data is updated yearly, averaging 142,554.263 EUR mn from Dec 1981 (Median) to 2023, with 43 observations. The data reached an all-time high of 265,525.052 EUR mn in 2023 and a record low of 9,817.024 EUR mn in 1981. Portugal PT: Gross Domestic Product data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Portugal – Table PT.OECD.MSTI: Gross Domestic Product, GDP PPP and GDP Deflator: OECD Member: Annual.

In Portugal, a significant number of entities previously classified in the PNP sector were re-classified to the higher education sector in 2013. Besides, R&D personnel occupation categories have been reviewed: researchers, technicians and other support staff have been defined according to the main functions performed by each individual as part of R&D activities and according to criteria based on the ISCO classification, rather than being defined only by the level of academic qualification. In 2008, the number of R&D personnel increased because of methodological improvements: the results of the individual survey forms were combined with information from other internal databases resulting notably in the inclusion of all permanent academic staff and all researchers funded by the Ministry of science, technology and higher education in 2008.

Due to methodological improvements in the 2008 R&D survey as well as complementary information collected from internal databases, there is now a more complete and accurate measure of R&D resources - both expenditure and personnel - in the Higher education sector. In particular, the large increase in higher education funded R&D is due to the inclusion of more accurate data related to private higher education institutions.

Beginning with the 2007 survey, the following measures resulted in a significant increase in Business enterprise R&D: the reintroduction of the fiscal incentive, SIFIDE; an increase in the number of the firms performing R&D activities; and an updating of the Business Enterprise register.

New methodological procedures have been adopted for the 1997 survey so that only R&D activities are covered in the survey. The classification of BERD by NACE (Rev 1) was introduced and the data have been revised back to 1995. Some of the PNP units have been re-classified to the Business Enterprise and Higher Education sectors.

In 1997, due to a new accounting method for structural funds from the European Commission, funds from the Rest of the World and direct Government financing are not comparable with those of earlier years.

Before 2002, GBARD figures include EU funding programs. Thereafter, they are excluded, as set out in the 2015 Frascati Manual.

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