According to OECD (2022) projections, the GDP of Portugal should grow by at least
4.8% and as such surpass the pre-pandemic GDP in June of 2022. The GDP growth will be
driven by the rise in the domestic demand, and also the absorption of EU funds (OECD,
2022). In retrospect, the nominal GDP of Portugal in 2021 was $257,391 billion. The GDP
per capita of the economy of Portugal is averagely $22, 176. This is indicative that the
Portuguese economy has seen a steady moderate growth from 2014 to 2019, and a
resumption of positive growth after the Covid-19 crisis.