Market Intelligence Reports

Quarterly Global Market Report Q1 2021

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60 February, 2021 Portugal Total Workforce (000s) Q4 '20 5,233 Unemployed Workers (000s) 372 Unemployment Rate 7.1% Youth Unemployment Rate 22.5% 1,776 5,200 2,219 80 819 103 19 years or Under Prime Working Age (20 -64 years) 65 years+ Local Born Foreign Born Population In Thousands 2,532 2,496 2,471 2,401 2,422 5.5% 6.0% 6.2% 5.6% 7.7% 2,411 2,410 2,391 2,328 2,374 7.0% 7.5% 7.3% 5.6% 8.0% 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 Male Employed Male Unemployed (%) Female Employed Female Unemployed (%) 64.9% 64.3% 63.7% 61.5% 63.4% 54.7% 55.0% 54.2% 51.8% 54.1% 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 Male Participation Rate Female Participation Rate Almost 10% of the population is foreign born. Over 2 million Portuguese have emigrated. The unemployment gap between foreign born and native born populations was 1.9 percentage points in 2019. 65% of the population live in urban areas. Some undocumented migrants in Portugal were granted rights to access healthcare. More than 16K Covid-19 deaths. EU and Schengen residents and residents from a limited number of low risk countries may travel to Portugal. For all other countries, only essential travel is permitted. All arrivals need a negative Covid-19 test and quarantine. Flights from the UK and Brazil are banned. Most non-essential shops are closed. Schools are closed. Impact of Covid-19 on Labor Force Over Time Labor Force Participation Rates by Gender Migration Migration Migrant Stock by Working Age (June 2020) Latest Labor Force Statistics Workforce Labor Force Employed and Unemployed by Gender Covid-19 – Daily Confirmed Cases (7 Day Average) Covid-19 Restriction Update (End of February 2021) Covid-19 Update and Restrictions Employed W orkers in Thousands Key Sources: https://www.ilo.org/ https://data.worldbank.org/ https://migrationdataportal.org/ https://www.un.org/development/desa/pd/ https://vivoclinic.com/ https://travel.state.gov/content/travel/en/traveladvisories/COVID-19-Country-Specific-Information.html https://www.opendemocracy.net/en/pandemic-border/what-will-migration-look-after-pandemic/ https://www.ine.pt/xportal/xmain?xpid=INE&xpgid=ine_princindic

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