Abstract
The evolution of the Portuguese economy in the twentieth century and in the beginning of the twenty-first century is apparently easy to describe: it started the twentieth century as a relatively poor one but converged afterward to high income levels, in such a manner that it can be classified, since the 1990s, among the club of the richest economies of the world: by 1900, the size of Portuguese GDP was of about 12,000 million EKS 2017 US dollars (in purchasing power parities); by 2017, it was roughly 25 times larger, at 311,120 million, making it rank in 64th position among the economies of the world (corresponding to a fraction of 0.27% of the world’s GDP) and place it as the 44th richest one, as measured by GDP per capita (according to the World Bank’s World Development Indicators).
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Amaral, L. (2019). Introduction. In: The Modern Portuguese Economy in the Twentieth and Twenty-First Centuries. Palgrave Studies in Economic History. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-24548-1_1
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