The environmental goods and services sector recorded growth in 2021 that exceeded the overall Portuguese economy, thanks to renewable energy, the National Institute of Statistics (INE) reported on Monday.
According to INE, the sector accounts for 4.4% of production, 3.1% of gross value added (GVA), 4.5% of exports and 2.7% of employment in the Portuguese economy.
Publishing the sector’s results, the institute said that “following a year of decline marked by the adverse effects of the COVID-19 pandemic”, 2021 saw “strong growth” in output (24.6%) and GVA (20.6%). ), exports (22.3%) and employment (11.4%), and above the national economic average (12.1%, 7.0%, 20.1% and 2.4% respectively) due to growth activities related to renewable energy.
In 2020, Portugal ranked 15th in terms of the GVA weight of the environmental goods and services sector in national GVA (2.8% and equal to the EU average), falling three positions compared to the previous year. The country retained its fifth place among the member countries with the highest share of exports in the national volume (4.4%).
Author: Lusa
Source: CM Jornal
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