After the 2008 crisis, Portugal struggled to recover in the early years but then slowly started to gain a new life and was finally put on the map and under the spotlights has one of the most sought-after countries in Europe.
As recently stated by the Portuguese Minister of Internal Administration, Eduardo Cabrita, the Service of Foreigners and Borders has registered an exponential increase in requests for residence authorizations in the country, going from 35 thousand to 135 thousand only between the years of 2015 and 2019.
There are more and more companies relocating to or expanding to Portugal, and so, more opportunities for foreigners in the country.
The capital, Lisbon, has been particularly attractive for foreigners who find here great business opportunities, with the city becoming an authentic tech hub, luring lots of startups from across the globe. Also, being home to the Web Summit has open unimaginable doors for Portugal, along with the surreal international recognition from which the country has been benefiting in the last years.
According to new data from Statistics Portugal, in 2019 our country attracted 34 thousand more foreign workers than in the previous year, with them being younger and more qualified.
As shown in the chart above, this is a tendency that’s being verified since 2017, the year when the number of foreign citizens living and working in Portugal started to grow continuously, culminating in 2019 in the highest number since 2011. Last year we had more than 155 thousand foreigners contributing to our country’s growth with heir workforce.
In 2019 was also registered the biggest ever number of foreigners residing in Portugal, surpassing half a million. This year represents the faster growth pace since there is data (2011) and accompanies the labor market recovery felt in the past years.
According to the same data, the highest number of foreign residents in Portugal in 2019 was between the age ranges of 15-34 and 35-44 years old and are proportionally more qualified, since 42,6% of them have graduated high school in comparison with only 28,6% of national workers having completed this education level. In terms of superior education, the numbers are pretty similar in both nationals and foreigners.
With the impressive growth that Portugal has been feeling in all aspects of its economical, social and cultural life, if you are still not convinced that you should move here, we leave you with 5 reasons to choose living in Portugal over anywhere else.