Portugal’s spending on COVID-19 pandemic as percentage of GDP 3rd lowest in Eurozone | ECB

Portugal spent around 2.8% of its gross domestic product on fiscal measures to combat the pandemic.

Portugal spent around 2.8% of its gross domestic product on fiscal measures to combat the pandemic, compared to the Eurozone average of 4%, according to a new report from the European Central Bank.

Spain and Finland have so far spent even smaller fractions of their GDPs on COVID-related measures, while Lithuania leads the list of Eurozone countries, having spent around 6.5% of its GDP, while Italy spent approximately 5.5%.

But measures taken in 2020 in Portugal to fight the pandemic were broader than the government’s intervention in the 2009 financial crisis, when the country spent a little over 1% of its GDP.

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