Portugal and Switzerland
Portugal and Switzerland connect research, universities and business opportunities. Tourism and investment are part of the political agenda.
Analysis reviewed: 2026-10-08 · Indicators updated: 2026-10-08History and institutional framework
Luís Montenegro received Viola Amherd in Lisbon on 16 December 2024.
Cooperation and bilateral issues
Portugal's willingness to attract Swiss companies and visitors is an economic promotion position, not proof of newly disbursed investments.
Cooperation and bilateral issues
Portugal's willingness to attract Swiss companies and visitors is an economic promotion position, not proof of newly disbursed investments.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | ||
| Goods: Portugal to Switzerland | ||
| Goods: Switzerland to Portugal | ||
| Services trade | ||
| Export share: Portugal to Switzerland | ||
| Export share: Switzerland to Portugal | ||
| Investment stock: Portugal in Switzerland | ||
| Investment stock: Switzerland in Portugal |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
| Indicator | Portugal | Switzerland |
|---|---|---|
| Nominal GDP | 346.64 billion USD2025 · WB | 1.04 trillion USD2025 · WB |
| GDP per capita | 32,081.81 USD2025 · WB | 114,769.01 USD2025 · WB |
| GDP growth | 1.86 %2025 · WB | 1.3 %2025 · WB |
| Policy interest rate | 2.5 %2026-09-16 · BCE | |
| Inflation · annual average | 2.34 %Annual average · 2025 · WB | 0.15 %Annual average · 2025 · WB |
| Inflation · latest year-on-year figure | 3.6 %provisionalprovisionalYear-on-year · Sept. 2026 · INE PT | |
| Unemployment | 6.16 %ILO est.2025 · WB | 4.87 %ILO est.2025 · WB |
| Budget balance (% of GDP) | 0.3 %IMF est.2025 · IMF | 0.5 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 89.9 %IMF est.2025 · IMF | 39.4 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | 1.2 %IMF est.2025 · IMF | 6.98 %2025 · WB |
| Population | 10,804,871World Bank est.2025 · WB | 9,092,436World Bank est.2025 · WB |
| Area | 92,230 km²2023 · WB | 41,291 km²2023 · WB |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDPortugal: 2025 · World BankSwitzerland: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- GDP per capita
- Current USD per personPortugal: 2025 · World BankSwitzerland: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- GDP growth
- Annual real change (%)Portugal: 2025 · World BankSwitzerland: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- Policy interest rate
- Central bank instrument (%)Portugal: 2026-09-16 · ECB: deposit facility; shared euro-area rate · European Central Bank
- Inflation · annual average
- Average annual change in headline CPI (%)Portugal: 2025 · Annual average change in the CPI (%) · World BankSwitzerland: 2025 · Annual average CPI change (%) · World Bank · Official World Bank series. Observation year, not download date.
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency statedPortugal: 2026-09 · Change in headline CPI from the same month of the previous year (%) · Portugal INE · Published: 2026-09-30 · provisional · Provisional · National headline CPI, year-on-year, not monthly inflation or an annual average. Provisional data or an official advance release; subject to revision.
- Unemployment
- % of the labour force; definition used by the stated institutionPortugal: 2025 · World Bank · ILO est.Switzerland: 2025 · ILO modelled estimate; percentage of the labour force · World Bank · ILO est. · Official World Bank series. Observation year, not download date.
- Budget balance
- General government (% of GDP)Portugal: 2025 · IMF — World Economic Outlook · IMF est.Switzerland: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Gross public debt
- General government (% of GDP)Portugal: 2025 · IMF — World Economic Outlook · IMF est.Switzerland: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Current account balance
- % of GDPPortugal: 2025 · IMF — World Economic Outlook · IMF est. · Current-account balance as a percentage of GDP; IMF WEO estimate for PRT.Switzerland: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- Population
- PeoplePortugal: 2025 · World Bank · World Bank est. · Extrapolated estimate identified by the World Bank; not a census count for 2025.Switzerland: 2025 · World Bank · WB est. · The World Bank indicates a population extrapolation; this is not a 2025 census count.
- Area
- Total area in km²; territorial coverage of the sourcePortugal: 2023 · Area according to the series' coverage; does not determine sovereignty or effective control · World BankSwitzerland: 2023 · World Bank · Official World Bank series. Observation year, not download date.
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Portugal to Switzerland
| Product or sector | Value / share |
|---|---|
Switzerland to Portugal
| Product or sector | Value / share |
|---|---|
Connections between people
The meeting highlighted scientific, university and technological cooperation and opportunities in sectors such as artificial intelligence. [1]
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Portugal living in Switzerland | ||
| Residents from Switzerland living in Portugal | ||
| Study and training: Portugal in Switzerland | ||
| Study and training: Switzerland in Portugal | ||
| Academic stays: Portugal in Switzerland | ||
| Academic stays: Switzerland in Portugal | ||
| Travel: Portugal to Switzerland | ||
| Travel: Switzerland to Portugal |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
History and institutional framework
Luís Montenegro received Viola Amherd in Lisbon on 16 December 2024. The meeting highlighted scientific, university and technological cooperation and opportunities in sectors such as artificial intelligence. [1]
The scale of both economies
Portugal's nominal GDP is 346.6 billion USD (2025), compared with 1,043.5 for Switzerland (2025). The reference populations are 10.8 and 9.09 million, respectively. In the same year, Portugal's economy was 0.332 times Switzerland's in nominal GDP. The comparison provides context on market size, but does not, on its own, measure influence, well-being or diplomatic closeness. Estimates and their sources retain their labels in the tables. [2] [3] [4] [5]
Recent developments
Recent developments and latest available data · Review: 2026-10-08
Cooperation and bilateral issues
Portugal's willingness to attract Swiss companies and visitors is an economic promotion position, not proof of newly disbursed investments. Academic exchanges and tourist movements need specific records to measure their scope. [1]
Sources and data
Periods and scope of the figures
Institutional sources and periods accompany each figure. Annual trade, investment positions, residents and visits are distinct measures. Empty cells do not mean zero. Statements of intent are not presented as project implementation or treaties in force.
- Bilateral relations — CHE-PRT
portugal.gov.pt · Institutional source · Accessed: 2026-10-08
- Official statistics
World Bank · Institutional source · Accessed: 2026-10-07
- NY.GDP.MKTP.CD; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-07
- Official statistics
World Bank · Institutional source · Accessed: 2026-10-07
- SP.POP.TOTL; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-07