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Manufacturing Sector Contribution to GDP in Portugal (1990-2022)

Manufacturing Sector Contribution to GDP in Portugal (1990-2022)

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TGM StatBox. (2024). Manufacturing Sector Contribution to GDP in Portugal (1990-2022). TGM StatBox.
Chart Details
Data Source: World Development Indicators.
Timeframe: 1990-2022
Country: Portugal
Published date: 2024
Note: Manufacturing (% of GDP), according to World Development Indicators, measures the contribution of the manufacturing sector to a country's Gross Domestic Product (GDP).
Key Takeaways
Portugal's manufacturing sector saw a decline from 15.9% in 1995 to a low of 11.1% in 2009, reflecting competition from other EU economies. A modest recovery followed, reaching 12.4% in 2021, due to investment in high-value industries such as electronics and textiles. By 2022, the sector stabilized at 12.2%, indicating Portugal’s strategy to retain manufacturing through modernization and niche market focus, despite broader economic shifts towards services.

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