Economics in a picture
EU funds received by Portugal related with the current programming period will recover in the next years
Since joining the European Economic Community, Portugal has received funds for supporting the territorial, social and economic cohesion within the European group. From 1986 to the end of 2018, it is estimated that Portugal has received a cumulated amount of around 130 billion euros, in 2011 prices, corresponding, on average, to about 2.5% of GDP per year.
Based on data released by the European Commission, the percentage of funds received by Portugal up to the end of 2018 (fifth year of the current programming period) is lower than in the previous programming period. This evidence is common to the majority of European countries, being the percentage of funds received by Portugal in the current programming period higher than the average in the EU. In the next years, it is projected a recovery in the amount of EU funds that will be received by Portugal.
For more details see Box 2: “Impact of EU funds in the current and capital account: Portugal 2020 in perspective”, published in the Economic Bulletin of Banco de Portugal, March 2019 (in Portuguese only).
Prepared by Cláudia Duarte and Carlos Gouveia. The analyses, opinions and findings expressed above represent the views of the authors and not necessarily those of Banco de Portugal or the Eurosystem.
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