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Introduction

In: The Modern Portuguese Economy in the Twentieth and Twenty-First Centuries

Author

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  • Luciano Amaral

    (Nova School of Business and Economics)

Abstract

The evolution of the Portuguese economy in the twentieth centuryPortuguese economy in the early twentieth century and in the beginning of the twenty-first century is apparently easy to describe: it started the twentieth century as a relatively poor one but converged afterward to high income levels, in such a manner that it can be classified, since the 1990s, among the club of the richest economies of the world: by 1900, the size of Portuguese GDP was of about 12,000 million EKS 2017 US dollarsUS dollar (in purchasing power parities); by 2017, it was roughly 25 times larger, at 311,120 million, making it rank in 64th position among the economies of the world (corresponding to a fraction of 0.27% of the world’s GDP) and place it as the 44th richest one, as measured by GDP per capita (according to the World Bank’s World Development Indicators).

Suggested Citation

  • Luciano Amaral, 2019. "Introduction," Palgrave Studies in Economic History, in: The Modern Portuguese Economy in the Twentieth and Twenty-First Centuries, chapter 0, pages 1-16, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-24548-1_1
    DOI: 10.1007/978-3-030-24548-1_1
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