In mainland Portugal, the risk of poverty or social exclusion is higher in the North Region and in the Algarve and lower in the Lisbon Area.
Western Europe is one of the wealthiest regions in the world – and it is hard to find slums there. But in Portugal, the poverty-stricken area of Cova da Moura, which sits on the edge of Lisbon, the country's capital, people live destitute lives. Since the 1970s, the area has become home to some 6,000 people.
Overlooking Belém, in Lisbon, the Segundo Torrão, in Trafaria, came into existence 40 years ago. What started as a fishing community that grew over time, is now the largest slum in size in Lisbon, where there are people living in shocking conditions.
Poverty in Portugal is most severe in the Algarve, North Portugal and the islands. Recent data shows that poverty and the impact of inflation is more severe here in the Algarve, North Portugal and the islands.
Portugal remains one of the countries in Europe with the highest risk of poverty among workers. Those between the ages of 18 and 64 are most at risk of poverty, as well as those living in less populated areas.
Spain is, according to the most recent FMI estimates, the 15th largest world economy (in PPP terms), with Portugal 55th. In terms of per capita GDP (PPP) the gap is smaller, with Spain ranking 32nd and its neighbour 43rd.
Ukraine is the poorest country in Europe, with a GNI per capita of $3,500, while Moldova is the second poorest country with $4,600, Albania the third, with $5.200, the Republic of Macedonia comes fourth, with a GNI of $5,700, and Bosnia and Herzegovina the fifth poorest, with $6,100.
The Silver Coast is without a doubt one of the best places to live in Portugal. Several cities together make this amazing region, Portugal Homes offer you property listing in the main towns of the Silver Coast, such as Nazaré, Peniche, Foz do Arelho, Óbidos, Caldas da Rainha, and Lourinhã.
Where do the rich live in Portugal? Lisbon, Oeiras, Cascais, Sintra, Porto and Vila Nova de Gaia are the municipalities with the highest concentration of population with the highest income in the country.
According to a national survey conducted in 2020, there were 8,209 homeless people in Portugal. Most of these lived in Lisbon, where 4,786 homeless people were accounted for, representing 58.3 percent of the total, followed by the metropolitan area of Porto (AMP) with 1,213 people.
Are there homeless people in Portugal? Currently, there are 9,000 people facing homelessness in Portugal, 800 more than in 2020.
According to Numbeo statistics, the northern city of Porto is the most dangerous city in Portugal. Porto has over average levels of crime and beats the capital city Lisbon when it comes to danger.
Everyone agrees that one of the biggest cons of living in Portugal is the bureaucracy. Most things in Portugal can take quite a bit of time and paperwork is also pretty slow. It may take months to apply for a driving license or get it issued.
What are the places in Portugal where these celebrities live? The most popular areas with foreigners moving to Portugal include Lisbon, Cascais, Tróia and Comporta, Ericeira, Nazaré, Porto and the Algarve. Among these destinations, Lisbon and Comporta top the list of the most popular places.
Worldwide gross domestic product in 2021 was at about 12,183 USD per capita. GDP in Portugal, on the other hand, reached USD 24,568 per capita, or 253.66 billion USD for the whole country. Portugal is therefore currently ranked 48 of the major economies.
Home to approximately 87 different nationalities, Lisbon is the most popular place for expats to live in Portugal. The diversity of the city makes it a very dynamic and exciting place to live.
The Algarve is the most popular choice for expats and tourists alike. It too, has some stunning beaches and coastlines, with some beautiful rock formations to marvel at. The weather is always a few degrees warmer than Lisbon which makes it a popular place for retirees.
When it comes to where English is spoken in Portugal, Porto is the Portuguese city where English is best spoken, followed by Coimbra (2nd) and Braga (3rd).
Portugal's relatively low productivity, the key driver of economic success, is the main reason. Productivity simply measures output per worker, and countries with high productivity are clearly more efficient at producing goods than low productivity countries, and can thus afford higher wages and salaries.
In the world, the poorest countries are mostly located in Africa and Asia, with Burundi being the poorest country followed by Somalia, Mozambique, Central African Republic, and Madagascar.
Portugal was the world's richest country when its colonial empire in Asia, Africa, and South America was at its peak. Because this wealth was not used to develop domestic industrial infrastructure, however, Portugal gradually became one of western Europe's poorest countries in the 19th and 20th centuries.