Portugal Business Directory & List of Companies

Capital City and 5 Largest Cities in Portugal

1. Capital city: Lisbon (Lisboa) - Lisbon is the capital and largest city in Portugal. It is located on the country's western coast and serves as the political, economic, and cultural center of Portugal.
2. Porto: Porto, also known as Oporto, is the second-largest city in Portugal. It is located in the northern part of the country, along the Douro River. Porto is known for its historic architecture, port wine production, and vibrant cultural scene.
3. Vila Nova de Gaia: Vila Nova de Gaia is often considered a part of the Porto metropolitan area and is situated on the southern bank of the Douro River. It is known for its wine cellars, where many of the famous port wine producers are located.
4. Amadora: Amadora is a city in the Lisbon District and is part of the Greater Lisbon metropolitan area. It is a suburban area with a mix of residential and commercial zones.
5. Braga: Braga is located in the northern part of Portugal and is the country's third-largest city. It is known for its rich history, Baroque architecture, and being an important religious center.
6. Setúbal: Setúbal is situated in the southern part of Portugal, on the Setúbal Peninsula. It is known for its picturesque coastal areas and serves as an important port city.

   Economy

   GDP (2020)

   Portugal's Gross Domestic Product (GDP) for the year 2020 was approximately 221 billion USD.
   

   GDP Growth (2020)

   Portugal's economy contracted by around 7.6% in 2020 due to the COVID-19 pandemic. Prior to the pandemic, it had been experiencing moderate growth.

   Inflation Rate (2020)

   Portugal's inflation rate in 2020 was approximately 0.3%.

   Unemployment Rate (2020)

   In 2020, Portugal's unemployment rate increased to around 7.1% due to the economic impact of the pandemic.

   Ease of Doing Business

   According to the World Bank's "Doing Business" report (data from before 2020), Portugal ranked 39th out of 190 economies in terms of the ease of doing business. The ranking takes into account factors like starting a business, obtaining construction permits, and trading across borders.

   Foreign Direct Investment (FDI)

   Portugal has been working to attract foreign investment in various sectors, including technology, renewable energy, and tourism. FDI inflows can vary from year to year.

   Exports and Imports

   Portugal is a notable exporter of goods and services. Some of its key export items include machinery, textiles, clothing, and agricultural products. Exports are an essential part of the country's economy.

   Tourism

   Portugal is a popular tourist destination, attracting millions of visitors annually. The tourism sector contributes significantly to the country's GDP and job creation.

   Business Climate

   Portugal has been making efforts to improve its business climate by reducing bureaucracy and streamlining regulatory processes. The government has introduced various incentives to attract businesses and investments.

   Corporate Tax Rate

   The corporate income tax rate in Portugal can vary depending on the type of company and its location but typically ranges from 21% to 31.5%.

   Infrastructure

   Portugal has invested in infrastructure development, including transportation, energy, and telecommunications, to enhance its competitiveness.

   Renewable Energy

   Portugal has been investing in renewable energy sources, such as wind and solar power, and aims to increase the share of renewable energy in its energy mix.

   Five Largest Companies in Portugal

   1. EDP - Energias de Portugal: EDP is one of the largest energy companies in Portugal and operates in the generation, distribution, and supply of electricity and gas. It has a significant presence in international markets and is a key player in the renewable energy sector.
   2. Galp Energia: Galp Energia is another major energy company in Portugal with interests in oil and natural gas exploration, production, refining, and distribution. It is also involved in renewable energy projects, including solar and wind power.
   3. Jeronimo Martins: Jeronimo Martins is a leading Portuguese retail group with a strong presence in the food retail sector. It operates supermarket chains, including Pingo Doce and Biedronka, and has a significant international presence, particularly in Poland.
   4. NOS: NOS is a telecommunications and entertainment company in Portugal, offering services such as fixed and mobile telephony, internet, and cable television. It is one of the largest players in the Portuguese telecommunications sector.
   5. Sonae: Sonae is a diversified conglomerate with business interests in various sectors, including retail, telecommunications, real estate, and the food industry. It operates retail brands such as Continente and Worten and has a presence in several international markets.

   Five Largest Banks in Portugal

   1. Novo Banco: Novo Banco is a significant financial institution in Portugal, specializing in retail and corporate banking services. It was established in 2014 as a result of the rescue of Banco Espírito Santo (BES). Novo Banco operates a network of branches and offers a range of banking and financial products.
   2. Caixa Geral de Depósitos (CGD): CGD is a state-owned bank and the largest financial institution in Portugal. It offers a wide range of banking services, including retail banking, corporate banking, and international operations. CGD has a significant presence both in Portugal and in several other countries.
   3. Millennium BCP (Banco Comercial Português): Millennium BCP is one of Portugal's largest private-sector banks. It provides a comprehensive range of banking and financial services to individuals, businesses, and corporations. Millennium BCP also has an international presence.
   4. Banco Santander Totta: Banco Santander Totta is the Portuguese subsidiary of the Spanish banking group Santander. It operates as a retail and commercial bank, offering various financial products and services to customers in Portugal.
   5. Banco BPI: Banco BPI, also known as Banco Português de Investimento, is a retail bank with a strong presence in Portugal. It offers banking services to individuals, companies, and institutions. Banco BPI has been part of the CaixaBank group since 2019.