Population and Official Language

Population: 10.40 million

Official Language: Portuguese

State of the economy

Portugal is ranked 25th in the World Bank’s ‘Ease of Doing Business’ report.

Benefits for UK companies exporting

•entry route to Lusophone markets
•English widely spoken and accepted as business language
•same time zone as the UK
•low cost flights to Lisbon, Oporto, Faro and Funchal
•25% of tourists visiting Portugal are from the UK
•early adopter of new technologies

Strengths of the market

•one of the lowest operational costs in western Europe
•competitively priced locations and facilities readily available
•strong technology investment through hubs in local universities, particularly for healthcare and Information and Communications Technology (ICT)

Main UK exports

•life sciences
•information economy

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