In 2024, enterprises in Portugal registered a nominal growth of turnover, gross value added (GVA) and gross operating surplus (GOS), of +4.7%, +6.8% and +3.5% (+4.9%, +13.8% and +14.1% in 2023, in the same order). Persons employed and personnel costs showed the same behaviour with +4.3% and +9.3%, respectively (+5.5% and +13.0% in 2023).

The Financial services and Distributive trade sectors were the main contributors to the growth in turnover between 2023 and 2024 (+1.2 p.p.), followed by Other services (+1.1 p.p.). In terms of GVA, Other services and Construction and real estate activities stood out as the main drivers, with contributions of +2.0 p.p. and +1.3 p.p., respectively. These same sectors were also the ones that most influenced GOS growth (+1.5 p.p. and +1.3 p.p., in the same order).

In 2024, there were 532,174 non-financial companies (+3.8% compared to 2023), which recorded growths of 4.3% in employment, 3.8% in turnover, 7.2% in GVA and 3.0% in GOS (+5.9%, +3.0%, +13.6% and +13.0%, in the same order, in 2023). Large companies showed higher growth in most economic indicators. However, micro, small and medium enterprises (SMEs) stood out in terms of turnover and personnel costs, with growths of 4.6% and 9.5%, respectively, compared to 2.8% and 9.4% observed in large companies. Apparent labour productivity reached 38.4 thousand euros per person employed, while average annual remuneration rose to 19.5 thousand euros per employee.

In 2024, there were 33,742 companies with an exporting profile in Portugal (+4.8% compared to the previous year), corresponding to 6.3% of all non-financial companies and 23.4% of persons employed. These companies also accounted for 34.1% of turnover (-1.2 p.p. compared to 2023), 33.6% of GVA and 33.7% of GOS (same values as in 2023, respectively) of all non-financial companies.

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