经济与产业概览
Portugal is a high-income Western European economy and EU member state with a nominal GDP of approximately $309 billion (World Bank, 2024). The economy is diversified across services (particularly tourism, financial services, and retail) alongside industry segments including energy, utilities, chemicals, cork and paper, and auto-parts manufacturing. Tourism is a major driver, with Portugal consistently ranking among the top European destinations; services account for roughly 76.7% of GDP by sector. The country has achieved sustained fiscal consolidation since its 2011–2014 bailout period, returning to investment-grade credit ratings and posting GDP growth of 2.2% in 2024. Euronext Lisbon is the main equity exchange, with a relatively small but internationally connected market dominated by energy, utilities, banking, and food retail companies.
主要行业
全面了解Portugal →宏观
| GDP 名义, 美元 | $308.68B |
| GDP增速 实际, 年度 | 2.2% |
| 通胀率 年度 | 2.4% |
| 人口 人口 | 10.7M |
| 人均GDP 美元 | $28,844 |
| 市值 上市总额, 美元 | $101.90B |
| 市值/GDP | 33.0% |
| 失业率 | 6.4% |
| 上市公司数量 | 52 |
| 交易所 | Euronext Lisbon (XLIS) |
数据年份: 2024. 数据来源: World Bank World Development Indicators (2024), IMF World Economic Outlook (October 2024), Statistics Portugal / INE, Euronext Lisbon (February 2026 market cap data), Statista / Euronext (July 2024 company market caps), FRED / St. Louis Fed (World Bank inflation data), Wikipedia – Economy of Portugal, Wikipedia – Euronext Lisbon, PSI Index Factsheet, Euronext (March 2026).
最新消息
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- InovCluster: Buyers are heading to Portugal to discover new business opportunities with Portuguese SMEs in the food and drink sector
- We spent 2 weeks in Portugal. It was great, but our trip would've been way better if we'd avoided these 6 mistakes.
- Ronaldo says he can still help Portugal despite criticism
最大上市公司
主要本地交易所按市值排名最大的公司。
| # | 公司 | 行业 | 市值美元 | 美国上市 |
|---|---|---|---|---|
| 1 | EDP – Energias de PortugalEDP · XLIS | Utilities / Renewable Energy | $17.20B | EDPFY |
| 2 | Galp EnergiaGALP · XLIS | Energy / Oil & Gas | $15.00B | GLPEF |
| 3 | Jerónimo Martins SGPSJMT · XLIS | Consumer Staples / Food Retail | $11.00B | JRONF |
| 4 | EDP RenováveisEDPR · XLIS | Renewable Energy | $10.50B | EDRVF |
| 5 | Banco Comercial Português (Millennium BCP)BCP · XLIS | Banking / Financial Services | $5.20B | BPCGY |
| 6 | Sonae SGPSSON · XLIS | Diversified / Retail & Real Estate | $2.80B | — |
| 7 | NOS SGPSNOS · XLIS | Telecommunications / Media | $2.20B | — |
| 8 | REN – Redes Energéticas NacionaisRENE · XLIS | Utilities / Energy Infrastructure | $1.90B | — |
| 9 | Semapa – Sociedade de Investimento e GestãoSEM · XLIS | Paper / Cement / Environment | $1.60B | — |
| 10 | The Navigator CompanyNVG · XLIS | Paper & Pulp / Forestry | $1.50B | — |
| 11 | Mota-EngilEGL · XLIS | Construction & Engineering | $1.40B | — |
| 12 | CTT – Correios de PortugalCTT · XLIS | Postal Services / Financial Services | $900.00M | — |
| 13 | Greenvolt – Energias RenováveisGVLT · XLIS | Renewable Energy | $850.00M | — |
| 14 | Altri SGPSALTR · XLIS | Paper & Pulp / Forestry | $800.00M | — |
| 15 | Corticeira AmorimCOR · XLIS | Cork Products / Materials | $750.00M | — |
| 16 | Sonaecom (now subsumed under NOS/Sonae)SNC · XLIS | Technology / Telecommunications | $700.00M | — |
| 17 | Ibersol SGPSIBS · XLIS | Food Service / Restaurants | $320.00M | — |
| 18 | Ramada Investimentos e IndústriaRAM · XLIS | Steel / Industrial | $280.00M | — |
| 19 | Brisa Auto-Estradas de Portugal— · XLIS (delisted/private) | Infrastructure / Toll Roads | — | — |
| 20 | F. Ramada AçosFRA · XLIS | Steel / Special Steels | $230.00M | — |
在美交易ETF
在美国上市并提供该市场敞口的基金,对许多美国投资者而言是最便捷的途径。
| ETF | 覆盖范围 | 费率年化% | 投资敞口占基金% |
|---|---|---|---|
| VGKVanguard FTSE Europe ETF · Vanguard | 区域 | 0.08% | 1% |
| IEURiShares Core MSCI Europe ETF · BlackRock / iShares | 区域 | 0.09% | 1% |
| FEZState Street SPDR EURO STOXX 50 ETF · State Street Global Advisors | 区域 | 0.29% | 0% |
| EZUiShares MSCI Eurozone ETF · BlackRock / iShares | 区域 | 0.51% | 2% |
| HEZUiShares Currency Hedged MSCI Eurozone ETF · BlackRock / iShares | 区域 | 0.53% | 2% |
本地交易所与准入
| 交易所 | Euronext Lisbon |
| 代码 | XLIS |
| 网站 | www.bolsadelisboa.com.pt |
| 货币 | EUR |
本地券商准入
Portuguese-listed equities trade on Euronext Lisbon (XLIS) in euros. EU-based retail investors can access the market through Euronext-connected brokers including Interactive Brokers, DEGIRO, ActivoBank, Banco Carregosa, and major international banks with European operations. US-based investors can access Portuguese large-caps via OTC ADRs (e.g. EDP, Galp, BCP) or through US-listed ETFs with Southern European or broad European exposure. Settlement is T+2. Portuguese equities are subject to a 28% withholding tax on dividends for non-resident individual investors under domestic rules, subject to applicable double-taxation treaties.
支持外国市场准入的全球券商
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
仅供参考,不构成推荐。不同券商及您所在国家/地区的可用市场、费用及开户规定各有不同。
移居与居留权
投资签证/居留权项目
资助项目 Temporary residency (renewable), path to permanent residency and citizenship after 5 years
Portugal's ARI (Autorização de Residência para Atividade de Investimento) Golden Visa programme was substantially reformed by Law 56/2023, effective October 2023. Residential real estate purchases no longer qualify as an investment route. Remaining qualifying routes include: capital transfers of at least €500,000 into eligible investment funds (e.g. venture capital or private equity funds investing in Portuguese companies), creation of at least 10 jobs, or capital transfers of €500,000 to support scientific research or arts/culture. The programme grants a renewable temporary residence permit, with eligibility for permanent residence after five years and citizenship after five years of legal residence, subject to meeting language and other requirements. Golden Visa holders may live and work in Portugal and travel freely within the Schengen Area.
最低投资额: $500.00K
需要申请协助?专业投资移民顾问(如 Henley & Partners.
外资准入
Portugal offers the NHR (Non-Habitual Resident) tax regime, reformed as NHR 2.0 from January 2024, providing a flat 20% income tax rate on Portuguese-sourced qualifying income and potential exemptions on certain foreign-sourced income for eligible new tax residents for a 10-year period. Portugal is a Schengen member state; EU/EEA/Swiss citizens have freedom of movement and establishment. Non-EU nationals require a valid visa or residence permit to live and work; the D7 Passive Income Visa and D8 Digital Nomad Visa are popular routes for non-EU remote workers and retirees. The cost of living is among the lowest in Western Europe, though housing costs in Lisbon and Porto have risen sharply.
在美上市ADR及交叉挂牌
该国股票同时在美国交易的公司,可通过普通美国券商账户进行投资。
| 公司 | 美国股票代码 | 本地股票代码 | 备注 |
|---|---|---|---|
| Banco Comercial Português (Millennium BCP) | BPCGY | BCP | OTC ADR for BCP, Portugal's largest privately-owned bank; each ADR represents a bundle of underlying BCP ordinary shares listed on Euronext Lisbon. |
| EDP Renováveis | EDRVF | EDPR | OTC pink sheet listing for EDPR, the renewables subsidiary of EDP; one of the world's largest wind energy operators by installed capacity. |
| EDP – Energias de Portugal | EDPFY | EDP | OTC ADR trading in the US; each ADR represents ordinary shares of EDP listed on Euronext Lisbon. EDP is the most actively traded Portuguese company via US OTC markets. |
| Galp Energia | GLPEF | GALP | OTC pink sheet / Level 1 ADR; provides US investors indirect access to Galp, Portugal's integrated energy company. |
| Jerónimo Martins SGPS | JRONF | JMT | OTC pink sheet listing; provides US investors access to the Portuguese food distribution group with major operations in Poland (Biedronka) and Portugal (Pingo Doce). |