IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL PORTUGAL

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Lisbon

2017 2018 2019 2020 2021

92 2020

33

0.876 2020 10.29 2020 231.5 2020 34,028 2020 -7.6 2020 -0.12 2020 6.80 2020 5.17 2020 -1.17 2020 161.6 2019 4.31 2019

Exchange Rate (per $)

36

37

39

39

39

Population - market size (millions)

CHALLENGES IN 2021 Guarantee a sustainable level of GDP growth that is higher than EU average and European competitors. • Guarantee a sustainable level of GDP growth that is higher than EU average and European competitors. • Adopt a ‘company & investment-friendly’ fiscal & regulatory landscape that boosts competitiveness after COVID-19. • Reinforce a (cross-sectoral innovation and entrepreneurship) national strategy for digital transformation that help companies’ competitiveness. • Adopt major reforms in the public sector: justice, health, education and social security. • Cross-party agreement on a national strategy to address urgent demographic issues: ageing, low birth rate and migrations. rovided by: Porto Business School, University of Porto, Porto Porto Business School, University of Porto, Porto

43

Gross Domestic Product (GDP) (US$ billions)

35

GDP (PPP) per capita (US$)

52

Real GDP growth (%)

15

Consumer price inflation (%)

33

Unemployment rate (%)

37

Labor force (millions)

49

Current account balance (% of GDP)

36

Direct investment stocks inward ($bn)

12

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

20

23

27

28 31

29

30

35 33

35

35

38 36

42 42 45

49

51

53

54

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

POPULATIONS < 20 MILLION (35 countries)

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

21

23

23

23

21

24

24

25

26

26

96

IMD WORLD COMPETITIVENESS BOOKLET 2021