Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Total population10.28 million10.3 million10.33 million
WDI
A.1.1
Total number of households4.14 million4.11 million4.08 million
PORDATA
A.1.2
Average household size2.52.52.5
PORDATA
A.1.3
Urban population (% of total)65.21% of total64.65% of total64.09% of total
WDI
A.1.4
Urban population growth (annual %).68%.64%.58%
WDI
A.1.5
A.2 Economy
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
GDP, current prices (U.S. dollars)240,901 USD (millions)221,280 USD (millions)206,369 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)333,145 USD (millions)317,471 USD (millions)301,047 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)23,437.39 USD 21,482.86 USD 19,986.36 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)32,411.85 USD 30,821.52 USD 29,155.67 USD
WEO
A.2.4
GDP, constant prices (Percent change)2.44%3.51%2.02%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change) 1.62%.88%
WEO
A.2.6
GDP, deflator (Index) 107.46106.01
WEO
A.2.7
Consumer price index 109.17107.69
WDI
A.2.8
GINI Index Not availableNot available
WDI
A.2.9
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
Interest Rates:A.2.15
Yield on 10-year Government bond 3.76%3.17%
IFS
A.2.15.3
Lending rate Not available5.99%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Number of dwelling units:B.1.1
Total 5.94 million5.93 million
Instituto Nacional De Estatistica
B.1.1.1
Percentage of vacant units  .13% of total
Instituto Nacional De Estatistica
B.1.2
Characteristics of housing stock:B.1.3
Tenure in urban areas (%):B.1.4
Owner-occupied units 74.7% of total75.2% of total
EuroStat
B.1.4.1
% of owner units with a mortgage 37.3% of total36.7% of total
EuroStat
B.1.4.2
Private rental units 12.8% of total12.9% of total
EuroStat
B.1.4.3
Public / social rental units 12.5% of total11.8% of total
EuroStat
B.1.4.4
Estimated Number of units completed/yearB.1.5
Formal sector/registered 14,073 units10,661 units
Instituto Nacional De Estatistica
B.1.5.1
Number of recorded urban housing transactions/year 153292127106
Instituto Nacional De Estatistica
B.1.6
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Urban  1.50
ECB
B.2.2.1
Annual average % change in median house prices:B.2.3
Yearly Rate 5.3%5.3%
Hypostat
B.2.3.1
M2 construction cost for median quality houseB.2.4


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Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements 
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements  
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements  
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements  
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements  
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements  
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements  
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements  
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements  
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements
Notes: 2011 housing census shows 73.24 owner occupied units
Notes: According to ECBC, 10 firms account for 95% of the mortgage market.
Notes: According to ECBC, 10 firms account for 95% of the mortgage market.
Notes: According to ECBC, 10 firms account for 95% of the mortgage market.
Notes: Authorization from the Data Protection Authority (CNPD) is required when processing personal data related to credit/solvency of subjects.
Notes: Authorization from the Data Protection Authority (CNPD) is required when processing personal data related to credit/solvency of subjects. 
Notes: Authorization from the Data Protection Authority (CNPD) is required when processing personal data related to credit/solvency of subjects. 
Notes: Authorization from the Data Protection Authority (CNPD) is required when processing personal data related to credit/solvency of subjects. 
Notes: Based on the price index.
Notes: Caixa Geral de Depositos is the largest public bank, second largest overall.
Notes: Caixa Geral de Depositos is the largest public bank, second largest overall.
Notes: Conventional Dwellings Estimate: Conventional dwellings includes vacant and second homes
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: figures calculated by households, not units
Notes: figures calculated by households, not units 
Notes: figures calculated by households, not units 
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Levied by municipalities at a maximum rate of 6% on the transfer of residential property, 5% on the transfer of rural property, 6.5% on the transfer of urban property and 10% if the purchaser is located in a listed tax haven.
Notes: Levied by municipalities at a maximum rate of 6% on the transfer of residential property, 5% on the transfer of rural property, 6.5% on the transfer of urban property and 10% if the purchaser is located in a listed tax haven.
Notes: Levied by municipalities at a maximum rate of 6% on the transfer of residential property, 5% on the transfer of rural property, 6.5% on the transfer of urban property and 10% if the purchaser is located in a listed tax haven.
Notes: Levied by municipalities at a maximum rate of 6% on the transfer of residential property, 5% on the transfer of rural property, 6.5% on the transfer of urban property and 10% if the purchaser is located in a listed tax haven.
Notes: Levied by municipalities at a maximum rate of 6% on the transfer of residential property, 5% on the transfer of rural property, 6.5% on the transfer of urban property and 10% if the purchaser is located in a listed tax haven.
Notes: Net of taxes and contributions to social security. Up to 50% with the following exceptions on the total amount of credit granted by each institution in each year: up to 20% of mortgage: ratio of up to 60%; up to 5% of mortgage: no ratio limit
Notes: Net of taxes and contributions to social security. Up to 50% with the following exceptions on the total amount of credit granted by each institution in each year: up to 20% of mortgage: ratio of up to 60%; up to 5% of mortgage: no ratio limit  
Notes: Net of taxes and contributions to social security. Up to 50% with the following exceptions on the total amount of credit granted by each institution in each year: up to 20% of mortgage: ratio of up to 60%; up to 5% of mortgage: no ratio limit  
Notes: Non-performing loan defined as 30 days past due
Notes: Residential loans only
Notes: Residential real estate prices have increased an average of 5.3% since 2014. This figure is based on the price index.
Notes: Residential real estate prices have increased an average of 5.3% since 2014. This figure is based on the price index.
Notes: Residential real estate prices have increased an average of 5.3% since 2014. This figure is based on the price index.  
Notes: Residential real estate prices have increased an average of 5.3% since 2014. This figure is based on the price index.  
Notes: The government provides a subsidized credit (65% of the European reference rate) rate for disabled people.
Notes: The government provides a subsidized credit (65% of the European reference rate) rate for disabled people.
Notes: The government provides a subsidized credit (65% of the European reference rate) rate for disabled people.
Notes: The government provides a subsidized credit (65% of the European reference rate) rate for disabled people. This law was established 2014.