According to data released by the National Statistics Institute (INE), between 2022 and 2023, Portugal's 'per capita' Gross Domestic Product (GDP), expressed in Purchasing Power Parities (PPP), went from 77.4% to 80.5% of the European Union (EU) average, with the country rising from 16th to 15th place among the 20 eurozone countries and from 20th to 18th place in the EU.

With regard to ‘per capita’ Individual Consumption Expenditure, identified by IBGE as “a more appropriate indicator to reflect the well-being of families” (while GDPpc is mainly an indicator of the level of economic activity), it was established at 85.0% of the European Union average in 2023, 0.3 percentage points less than the previous year.

In this indicator, Portugal occupied 15th position in the eurozone and 18th in the European Union, which compares with 14th and 17th positions, respectively, in the previous year.