Bilateral Trade and Economic Data
When the economic data of Turkey and Portugal, which will face each other in the Euro 2024 group competition, are examined, Turkey’s gross domestic product (GDP) is 4 times that of Portugal, but there are differences in per capita income and inflation.
Comparison of Trade and Foreign Trade Deficit
While the bilateral trade volume between Turkey and Portugal was 2.8 billion dollars last year, it is seen that although Turkey’s exports to Portugal are high, its foreign trade deficit is higher than Portugal’s.
Growth and Income Differences
While Portugal’s annual growth performance was 2.3 percent in 2023, Turkey’s growth rate was 4.5 percent. While Portugal is seen to be ahead in terms of national income per capita, Turkey has the advantage in terms of GDP.
Inflation and Population Comparison
It has been revealed that the inflation rate in Portugal is lower than in Turkey, but Turkey is larger in terms of population than Portugal. This situation causes differences in per capita income and inflation.
| Economic Data | Türkiye | Portugal |
|---|---|---|
| GDP | $1.1 trillion | $255.2 billion |
| Per capita income | $13,110 | $21,000 |
| inflation | 75.45% per annum | 3.1% per year |
| population | 86 million | 10 million |
