About Portugal

Heaven on earth

third safest country

According to theportugalnews.com article , Portugal remains third safest country in the world, as well as being ranked the safest country in the European Union. This is according to the latest Global Peace Index (GPI), by the Institute for Economics & Peace, which compiles the 'ranking' of the world’s safest countries.

Bank of Portugal sees growth accelerating to 5.8% in 2022

According to: reuters.com LISBON, Dec 17 (Reuters) - Portugal's economy is expected to expand by 5.8% in 2022, boosted by growing exports and investment, the central bank said on Friday, urging the country to efficiently use EU pandemic recovery funds to sustain growth

Lisbon is the 3rd best city for families to live

according to express.co.uk Portugal’s capital Lisbon came third place in the ranking. These include quality of urban life, ease of getting settled, work-life satisfaction, financial security and housing, and cost of living. Several subcategories were also highlighted, including public transportation, local climate and weather, safety, friendliness of locals, and leisure options.

best place to live

According to forbes.com The winner for the best place to live in 2020 is Portugal. “It’s the best-value destination in western Europe today,” says Stevens. “A place where not only do dollars really stretch, but where the quality of life is high, healthcare is excellent and low-cost, the pace is slow and pleasant and the populace is unendingly welcoming.”

Portugal has 5th most valuable passport in the world

According to: thePortugalnews.com Portuguese passports allow holders to visit 187 countries in free transit, reveals the new update of “The Henley Passport Index”. Similar to what happened in the last quarter of last year, marked by the pandemic, the Portuguese passport maintains the fifth position in the ranking of the most valuable passports in the world in 2022.

Portugal: 10th most attractive country for foreign investment

according to macaubusiness.com Portugal moved from 11th to 10th position of the most attractive economies for foreign direct investment (FDI) in 2020 regarding the number of projects, out of 154, a study by EY revealed on Friday. “In a challenging year like 2020, Portugal entered the top 10 most attractive countries for foreign direct investment (FDI), in terms of the number of projects,” the consulting firm EY announced today.​

About Portugal

Portugal is the 6th most spoken language in the world. The southern regions are dry and sunny with warm/hot summers and mild/rainy winters. Traveling north, the weather pattern becomes cooler and wetter, especially in winter. Snow is possible in the mountains of the northeast. Overall, Portugal enjoys an enviable climate which explains why it’s so popular with northern Europeans looking for relief from their too often less comfortable weather. Portugal is a world leader in renewable energy with massive development project in the pipeline.

Capital city: Lisbon is older than Rome and among the oldest cities in Europe.

Population: about 10.3 m

Currency: Euro

Total area: 92 389 sq km (including Madeira and Azores)

Land: 91959 sq km

Water: 430 sq km

Terrain: Mountainous north of the Tagus River, rolling plains in south.

The Portuguese economy, bailed out by the European Union eight years ago, is booming. It is enjoying its highest economic growth in nearly two decades, fueled by record tourism, an upswing in the housing market, a growing tech sector and stronger exports.

According to  CaixaBank Research In short, the Portuguese economy is currently more resilient than it was in previous episodes of global slowdownThis time, it has much more solid foundations thanks to the strengthening of competitiveness, the reduction of significant imbalances (the reduction in private debt deserves special mention) and the structural reforms implemented in recent years.

Portugal offers arguably the lowest cost of living in Western Europe. … Including rent, a couple can live comfortably in Portugal’s interior, or in small cities, from about $1,700 a month. A couple’s budget in Lisbon starts at about $2,100 or $2,200 a month… though you can, of course, spend more.

The fantastic climate, great quality of life, low cost of living and growing economy are just some of the reasons many people choose to live in Portugal. Favorable tax treatment is also a big plus, and Portugal frequently tops ranking of best places in the world to live in.