Portugal

Portugal is a developed, high-income EU and eurozone economy that recovered from the eurozone debt crisis of the early 2010s through reform and a tourism boom, returning to solid growth.

Services, especially tourism, dominate, and the country has become a magnet for foreign residents, retirees, and remote workers drawn by its climate, safety, and incentives — though this has strained housing.

Key Sectors

The economy is led by tourism, automotive and components, textiles and footwear, cork (Portugal is the world's leading producer), wine, and a growing technology and startup scene centered on Lisbon.