The equestrian sector in Portugal is a significant economic driver for the country, with an estimated total impact of 2.73 billion euros per year, generating 92,045 jobs, as indicated by the Horse Economic Forum, held in Alter do Chão, Portalegre, where the study was presented.
This sector further contributes a Gross Value Added (GVA) of 617 million euros.
Additionally, it generates 1.520 billion euros in business volume and directly employs 57,528 people.
In 2023 (latest data), the sector’s exports were approximately 9.38 million euros.
The horse industry encompasses breeding and training, tourism, events, veterinary services, therapies, sports events, among others.
This analysis proposes the creation of a strategic agenda aligning priorities for the development of this sector and advocates for strengthening the international promotion of the Lusitano horse.
It also recommends incentives for technological innovation, digitization of services, and qualification of human resources, while emphasizing the importance of coordinating public policies, private investment, and local initiatives.
“Despite the financial weaknesses of some business entities, the data confirm that the horse economy has the conditions to attract investment and grow sustainably,” stated Álvaro Lopes Dias, the study’s coordinator, as cited in the same note.
The study ‘The Horse Economy in Portugal’ was conducted by the consultancy SFORI, employing a mixed analysis model with direct, indirect, and induced estimates, using international benchmarks and sector data.
