The municipalities of Lisbon, Porto, and Oeiras recorded the highest values concerning purchasing power in 2023, based on data released on Thursday by the National Institute of Statistics (INE).
“In 2023, the per capita purchasing power indicator in Portuguese municipalities was above the national average (100) in 31 out of 308 municipalities. A significant portion of these municipalities is located in the sub-regions of Greater Lisbon (6 out of 9 municipalities) and the Metropolitan Area of Porto (6 out of 17),” the INE report states.
The INE notes that “the municipalities of Lisbon, Porto, and Oeiras recorded the highest values,” and adds that “district capitals, such as Coimbra, Aveiro, Faro, and Évora, also stood out.”
“The regional structure of the Percentage of Purchasing Power (PPC) in 2023 revealed that the NUTS II regions of the North and Greater Lisbon together accounted for more than half of the national purchasing power percentage, with 32.6% and 25.5%, respectively. Contributing decisively to this result, in addition to Greater Lisbon, was the Metropolitan Area of Porto (18.0%). These two sub-regions combined made up 43.5% of the national PPC, compared to the concentration of 36.9% in terms of the resident population they represent,” the report reads.
INE emphasizes that the “reading of the 2023 IpC results associates the mainland with a purchasing power higher than that observed in the two Portuguese autonomous regions: the value reached 100.6 for the Continent, and 87.6 and 88.1 for the Autonomous Regions of the Azores and Madeira, respectively.”
“Greater Lisbon (127.6) was the only NUTS II region with a value above the national average. In 2023, the IpC was above the national average (100) in only 31 out of 308 Portuguese municipalities. The municipality of Lisbon had the highest IpC (181.3), followed by the municipalities of Porto (162.2) and Oeiras (150.1). In addition to these, the municipality of Cascais in Greater Lisbon (117.5), and the municipalities of Matosinhos (119.6) and São João da Madeira (111.5) in the Metropolitan Area of Porto stood out,” it states.
Furthermore: “Beyond the metropolitan areas, municipalities corresponding to district capitals also showed an IpC above the national average, notably Coimbra (118.8), Aveiro (117.8), Faro (113.3), and Évora (111.5).”
“Additionally, the municipalities of Sines (124.2) in Alentejo Litoral, and Alcochete (117.8) in the Setúbal Peninsula were notable. In the autonomous regions, Funchal (109.1) and Ponta Delgada (102.2) presented values above the national average,” is also mentioned.
It should be noted that “across the national territory, 106 municipalities (34% of the total municipalities) presented IpC values below 75.”
“Of the 10 municipalities with the lowest manifested IpC, two belonged to the Autonomous Region of Madeira, seven to the North region (distributed among the sub-regions of Douro, Terras de Trás-os-Montes, Tâmega and Sousa, Alto Minho, and Alto Tâmega and Barroso), and one to the Center region (sub-region Beira Baixa),” it concludes.
