According to Jornal de Negócios, which is based on preliminary data recently released by Eurostat, Portugal obtained in 2019 the best level of approximation to the average European wealth since the end of the sovereign debt crisis (79%). GDP per capita then declined in the following years and has now increased again, to 77%. The same value as Hungary and Romania.
It means that there are only five countries in the EU, out of 27 Member States, that have a purchasing power lower than the Portuguese: Latvia (74%), Croatia (73%), Greece (68%), Slovakia (67%) and Bulgaria (59%).
In the opposite direction are Luxembourg and Ireland, which have, by far, the highest GDP per capita in the EU, being more than twice as high as the average for the region: 261% and 234%, respectively.
The government should free itself from the selfish mega companies operating in Portugal and raise the minimum wage immediately to at least 1 thousand euros. That's the very least.
By Diogo F. from Lisbon on 07 Apr 2023, 23:01