Lisbon is the capital and largest city of Portugal. The Lisbon region is the wealthiest region in Portugal and is the countries chief seaport. Lisbon's economy is based primarily on the tertiary sector. Most of the headquarters of multinationals operating in Portugal are concentrated in the Grande Lisboa sub region. 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 Lisbon is 2.8 Million (Metro) (2019 est.), while the inflation rate (CPI) is 0.4% for Portugal as at June 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 Lisbon, 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): Lisbon as at 1 July 2019 is high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: High 3) Communication: Very High 4) Education: Average 5) Furniture & Appliances: Average 6) Groceries: Very Low 7) Healthcare: Low 8) Household Accommodation: Low 9) Miscellaneous: Very High 10) Personal Care: Low 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: Average 13) Transport: Very High Lisbon is for example -15.7% cheaper than Houston TX for groceries, 6.1% more expensive for household costs than Kuala Lumpur, and 97.4% more expensive for transport costs than Dubai. The hardship premium for Lisbon for an expat from Perth, is for example 0%, i.e. host location (Lisbon) premium of 10% minus home (Perth) location premium of 10%. Lisbon is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Lisbon? Register subscribe to your home location and Lisbon and run your personalised reports.