Portugal is in South Western Europe, bordering the North Atlantic Ocean, west of Spain. The climate is maritime temperate, cool and rainy in the north but warmer and drier in the south. The official language is Portuguese. Many people in the main cities speak English and French, though everyone will appreciate an effort to speak basic courtesies in Portuguese. The main religion is Christianity. The economy of Portugal is a high income mixed economy. Fisheries and agriculture account for about 4% of the GDP, employing 13% of the labour force. The tertiary sector has grown, producing 66% of the GDP and providing jobs for 52% of the working population. Unemployment is relatively high. Portuguese society is generally more formal than northern Europe. Convention is usually to refer to people by their title, name and surname. Expatriate business dress is conservative and formal, in the form of suits and ties even in the warmest weather for men, and long dresses for women. The security risk for expatriates in Portugal is low. Risks include low levels of pickpocketing, muggings and vehicle theft. The currency of Portugal is the Euro (EUR). Banking is on a par with the rest of Western Europe and North America. Credit cards may not be accepted in smaller towns and rural areas. Medical facilities are good, however the cost of treatment for expatriates from outside the EU can be high. The population of Portugal is 10.4 Million (2019 est.), while the inflation rate (CPI) is -0.3% for Portugal as at July 2019. Xpatulator Hypothetical Tax for Portugal is based on the current personal income tax rates which are progressive up to 48%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Portugal, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Portugal as at 1 July 2019 is average in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: Average 3) Communication: Very High 4) Education: Average 5) Furniture & Appliances: Low 6) Groceries: Very Low 7) Healthcare: Low 8) Household Accommodation: Low 9) Miscellaneous: High 10) Personal Care: Very Low 11) Recreation & Culture: Average 12) Restaurants Meals Out and Hotels: Average 13) Transport: Very High Portugal is for example -34.7% cheaper than USA for groceries, -28.4% cheaper for household costs than UK, and 177.5% more expensive for transport costs than India. The hardship premium for Portugal for an expat from Australia, is for example 0%, i.e. host location (Portugal) premium of 10% minus home (Australia) location premium of 10%. Portugal is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Portugal? Register subscribe to your home location and Portugal and run your personalised reports.