Portuguese regions among the slowest to recover from the crisis

The Greater Lisbon Area region only rose above 2008 income levels in 2017

The Greater Lisbon Area region only rose above 2008 income levels in 2017

  |  Global Imagens

The northern and central regions were the fastest. The Greater Lisbon Area took nine years to recover 2008 levels.

The Greater Lisbon Area was the region that took the longest to recover from the 2008 financial crisis. According to data released on Tuesday by Eurostat, it took nine years for the GDP per inhabitant in purchasing power standard (PPS ) to return above 2008 levels. In other words, the region only recovered its GDP level in 2017.

The GDP per inhabitant in 2008 was €30,000, and despite a slight recovery in 2010, it rose above 2008 figures only in 2017, when it reached €30,100. The Greater Lisbon Area remains the richest Portuguese region in terms of GDP.

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