• Luciano AmaralEmail author
Part of the Palgrave Studies in Economic History book series (PEHS)


The evolution of the Portuguese economy in the twentieth century and in the beginning of the twenty-first century is apparently easy to describe: it started the twentieth century as a relatively poor one but converged afterward to high income levels, in such a manner that it can be classified, since the 1990s, among the club of the richest economies of the world: by 1900, the size of Portuguese GDP was of about 12,000 million EKS 2017 US dollars (in purchasing power parities); by 2017, it was roughly 25 times larger, at 311,120 million, making it rank in 64th position among the economies of the world (corresponding to a fraction of 0.27% of the world’s GDP) and place it as the 44th richest one, as measured by GDP per capita (according to the World Bank’s World Development Indicators).


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© The Author(s) 2019

Authors and Affiliations

  1. 1.Nova School of Business and EconomicsLisbonPortugal

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