According to Eurostat's flash estimate, despite this improvement, Portuguese GDP per capita continues to be below the European average: it stood at 83% of the EU average in 2023, while in 2022 it had been 79%. This means that the volume of GDP measured in purchasing power parities is 17% below the community average.

Compared to 2022, Portugal has moved ahead of Poland and Estonia, which currently have a GDP per capita that represents 80% and 81% of the European average, respectively.

Eurostat highlights the disparity in this indicator between Member States, which varied between 64% of the EU average in Bulgaria and 240% in Luxembourg.

“Luxembourg and Ireland recorded the highest levels (140% and 112% above the EU average, respectively), well ahead of the Netherlands (30% above the EU average), Denmark (+28%) and Austria (+23%)”, indicates the European statistics office.

At the opposite extreme is Bulgaria, which recorded the lowest GDP per capita at 36% below the EU average, followed by Greece (-33%) and Latvia (-29%).