Portugal Business, Taxation and Offshore Information
According to the International Monetary Fund, Portugal has the 38th highest GDP per capita in the world (2021 estimate) – an improvement of 8 places since 2013. Portugal is ranked as 38rd on the UN's Human Development Index (a comparative measure of life expectancy, literacy, education, standards of living, and quality of life).
Portugal was one of the original members of the Eurozone, having switched from the escudo to the euro (€) on its creation in 1999. The Portuguese republic consists of continental Portugal and two autonomous regions in the Atlantic - Madeira and the Azores. Madeira is a tax-privileged economic area with a free trade zone. More »