Foreign trade in services as a share of GDP rose 14.7% to 20.6% in Portugal in 2021, according to the National Statistical Office.
Historically, foreign trade in services as a share of GDP in Portugal reached an all time high of 24.9% in 2019 and an all time low of 7.31% in 1976. When compared to Portugal's main peers, foreign trade in services as a share of GDP in France amounted to 18.9%, 137% in Ireland, 16.8% in Morocco and 13.5% in Spain in 2021.
Portugal has been ranked 51st within the group of 139 countries we follow in terms of foreign trade in services as a share of GDP, 21 places above the position seen 10 years ago.
Foreign Trade In Services (As % of GDP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Algeria | % | ... | ... | ... | ... | 8.73% | 8.94% | 8.46% | 8.61% | 7.67% | ||||||||||||
Belgium | % | ... | 46.1% | 45.0% | 46.3% | 45.7% | 46.3% | |||||||||||||||
Canada | % | 12.2% | 12.6% | 12.5% | 13.2% | 13.7% | ||||||||||||||||
France | % | 20.0% | 20.1% | 20.1% | 20.6% | 20.6% | ||||||||||||||||
Germany | % | 17.3% | 17.6% | 18.2% | 18.4% | 18.8% | ||||||||||||||||
Iceland | % | 41.0% | 41.4% | 40.6% | 40.7% | 37.2% | ||||||||||||||||
Ireland | % | 106% | 123% | 123% | 120% | 145% | ||||||||||||||||
Italy | % | 11.0% | 11.0% | 11.7% | 11.9% | 12.2% | ||||||||||||||||
Mauritania | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 14.4% | 13.7% | 13.3% | 11.4% | 12.4% | |||||
Morocco | % | 20.5% | 21.3% | 22.9% | 22.9% | 22.5% | ||||||||||||||||
Portugal | % | 20.9% | 21.4% | 23.3% | 24.0% | 24.9% | ||||||||||||||||
Spain | % | 15.4% | 15.9% | 16.5% | 16.7% | 17.4% | ||||||||||||||||
Tunisia | % | 13.9% | 14.1% | 15.0% | 16.6% | 17.2% | ||||||||||||||||
United Kingdom | % | 21.2% | 22.5% | 23.7% | 24.9% | 25.0% |