As a Portuguese, this doesn’t matter at all, it’s due to importing 1.5 million immigrants in the last 4 years (according to latest AIMA statistics) for cheap labour, which grows the economy artificially. For a country of 10 million, that ratio is very bad.
We, the Portuguese, are still poor, can’t afford a house or groceries for the entire month. Our bi-party system (PS/PSD) is also full of defects.
Finland does everything better.
Go Finland! 🇫🇮
Possible_Golf3180 on
Portugal is Nordic
Shupaul on
Portugal, caralho !
Certain_Lab_3644 on
This doesn’t say much…Romania is about to surpass Norway, Austria, Belgium and so on in total GDP, but bigger population = bigger economy. India has a bigger GDP than UK, France or Bangladesh than Denmark.
Its per capita what matters. You can’t compare countries with 100 million population and countries with 5 million population. Portugal needs 2x the GDP of Finland, to be equal and in my case Romania needs also 2x the GDP of Austria or Belgium to be equal.
Pwc9Z on
r/PORTUGALCYKABLYAT in shambles
NoMinute3572 on
Cool.
Let me know when it’s GDP per capita.
Icy-Cockroach7017 on
And the reality is. This is likely because 20 super rich people got a golden passport and bought so much wealth it boosts the average.
Whilst the average people have less than everÂ
Vast-Difference8074 on
One thing: GDP only matters significantly if your country is among the top 20 economies in the world, as in that case it provides leverage to influence global economic dynamics. Otherwise, it’s more meaningful to focus on metrics like nominal and PPP values of GDP per capita, and GNI per capita. That said, I’m happy for the Portuguese people, they’ve achieved solid economic growth and respectable economic indicators. Aside from the housing crisis, Portugal is no longer a struggling country
Quiet-Pressure4920 on
Why are we looking at numbers and not the real world lol?
Take a look at how Finns live, their income, their state of country, their government, their salaries.
And then do the same for Portuguese.
Yes, Finns live at least 10 times better.
So these numbers, you can take a giant poop on them.
Vast-Difference8074 on
To all the pessimistic Portuguese out there, come on, try to see the good things about your country too. Yes, Portugal is still far behind Finland in terms of GDP per capita, but its economic growth has actually been stronger than Finland’s and that deserves recognition. Back in 2008, Portugal was the poorest Southern European country in per capita terms, but things have improved. It’s now ahead of Greece and, while still well behind Spain and even further behind Italy, it has recorded higher cumulative growth than both
According to Eurostat, from 2007 to 2024, Portugal’s real GDP per capita grew by 12.73%. For comparison, Spain’s increased by 6.73%, Italy’s increased by 0.73%, while Greece’s declined by 10.90% and Finland’s declined by 2.58%
Scarbolusitano on
10 Million guys win a fight against 5 Million guys! Wow amazing!
xpto_999 on
A lot of people here outraged at these news 😄
Familiar-Weather5196 on
Not that impressive since Finland has half the population of Portugal. Compare it to Sweden, and then we can celebrate.
Just checked, Portugal has half the gdp of Sweden, so…
Able-Marionberry7906 on
That’s not really impressive if you take the number of their population.
DrShabink on
…and they did it in the dark!
Ok_Solid_3668 on
Portugal has 10.6 million people while Finland has 5.6 million people. A better comparison would be in terms of GDP per capita.
Econ_Orc on
Bangladesh has 4 times the area of Denmark and 29 times the population, but did not surpass total GDP until 2021. (400$ billion)
Makes little sense to compare geographically, demographically and historically different nations.
Congrats Portugal on increasing GDP and growing.
Finland has struggled since 2008. Hope it finds the growth gear again.
RoomyRoots on
Becoming a Brazilian colony sure made it wonders. All hail the Brazilian Guiana!
LeRosbif49 on
A win for Eastern Europe
kolppi on
We’re not doing very good. Stagnant at best.
But I’m glad for Portugal’s economic success, congrats!
25 commenti
[source imf](https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal))
Surely this is in nominal value and not pr capita?
Not super impressive to be honest, since they are almost double the people in Portugal compared to Finland.
Per capita: Finland is 19th, Portugal is 40th – behind the original Guyana (37th).
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita
As a Portuguese, this doesn’t matter at all, it’s due to importing 1.5 million immigrants in the last 4 years (according to latest AIMA statistics) for cheap labour, which grows the economy artificially. For a country of 10 million, that ratio is very bad.
We, the Portuguese, are still poor, can’t afford a house or groceries for the entire month. Our bi-party system (PS/PSD) is also full of defects.
Finland does everything better.
Go Finland! 🇫🇮
Portugal is Nordic
Portugal, caralho !
This doesn’t say much…Romania is about to surpass Norway, Austria, Belgium and so on in total GDP, but bigger population = bigger economy. India has a bigger GDP than UK, France or Bangladesh than Denmark.
Its per capita what matters. You can’t compare countries with 100 million population and countries with 5 million population. Portugal needs 2x the GDP of Finland, to be equal and in my case Romania needs also 2x the GDP of Austria or Belgium to be equal.
r/PORTUGALCYKABLYAT in shambles
Cool.
Let me know when it’s GDP per capita.
And the reality is. This is likely because 20 super rich people got a golden passport and bought so much wealth it boosts the average.
Whilst the average people have less than everÂ
One thing: GDP only matters significantly if your country is among the top 20 economies in the world, as in that case it provides leverage to influence global economic dynamics. Otherwise, it’s more meaningful to focus on metrics like nominal and PPP values of GDP per capita, and GNI per capita. That said, I’m happy for the Portuguese people, they’ve achieved solid economic growth and respectable economic indicators. Aside from the housing crisis, Portugal is no longer a struggling country
Why are we looking at numbers and not the real world lol?
Take a look at how Finns live, their income, their state of country, their government, their salaries.
And then do the same for Portuguese.
Yes, Finns live at least 10 times better.
So these numbers, you can take a giant poop on them.
To all the pessimistic Portuguese out there, come on, try to see the good things about your country too. Yes, Portugal is still far behind Finland in terms of GDP per capita, but its economic growth has actually been stronger than Finland’s and that deserves recognition. Back in 2008, Portugal was the poorest Southern European country in per capita terms, but things have improved. It’s now ahead of Greece and, while still well behind Spain and even further behind Italy, it has recorded higher cumulative growth than both
According to Eurostat, from 2007 to 2024, Portugal’s real GDP per capita grew by 12.73%. For comparison, Spain’s increased by 6.73%, Italy’s increased by 0.73%, while Greece’s declined by 10.90% and Finland’s declined by 2.58%
10 Million guys win a fight against 5 Million guys! Wow amazing!
A lot of people here outraged at these news 😄
Not that impressive since Finland has half the population of Portugal. Compare it to Sweden, and then we can celebrate.
Just checked, Portugal has half the gdp of Sweden, so…
That’s not really impressive if you take the number of their population.
…and they did it in the dark!
Portugal has 10.6 million people while Finland has 5.6 million people. A better comparison would be in terms of GDP per capita.
Bangladesh has 4 times the area of Denmark and 29 times the population, but did not surpass total GDP until 2021. (400$ billion)
Makes little sense to compare geographically, demographically and historically different nations.
Congrats Portugal on increasing GDP and growing.
Finland has struggled since 2008. Hope it finds the growth gear again.
Becoming a Brazilian colony sure made it wonders. All hail the Brazilian Guiana!
A win for Eastern Europe
We’re not doing very good. Stagnant at best.
But I’m glad for Portugal’s economic success, congrats!
Nice