Focus on Portugal Investment Immigration and Portugal's Economic Environment: Portugal is located in Southern Europe, adjacent to Spain. Currently, Portugal is considered a developing country, but the standard of living is quite high. In the 1990s, Portugal's economic growth rate was faster than the average growth rate across Europe, but since then, its economic growth has gradually slowed down.
To meet the standards of the EU-International Monetary Fund financial assistance program (78 billion euros), the Portuguese government began to cut spending while increasing taxes a few years ago. In May 2011, Portugal became the third Eurozone country to be rescued due to sovereign debt crisis issues. It is estimated that Portugal has over 10.5 million permanent residents, with those aged 15 to 65 accounting for 72.2%. Currently, nearly 7 million residents in Portugal have internet access, with an internet coverage rate of 64%.
Electronic checks are a popular payment method in the country. Payshop is a local payment method in Portugal, allowing consumers to make online payments by visiting its agents (gas stations, supermarkets). At the same time, MoneySea Payment would like to remind you that MBNet is another commonly used payment method in the country, enabling consumers to complete online payments without providing their credit card information, making the process very convenient.
According to market research company EKos, the e-commerce growth rate in the first quarter of last year was 64%, while this year's e-commerce market growth rate is 21%, with an average online shopping expenditure of $220 per person. Additionally, one-tenth of online websites in the country have seen a 100% increase in consumer numbers.
