page_title: Lisbon
section_title: Economy
hierarchical_section_title: Lisbon / Economy
caption_attribution_description: Avenida da Liberdade
context_page_description: Lisbon is the capital and the largest city of Portugal, with an estimated population of 505,526 within its administrative limits in an area of 100.05 km². Lisbon's urban area extends beyond the city's administrative limits with a population of around 2.8 million people, being the 10th-most populous urban area in the European Union. About 3 million people live in the Lisbon metropolitan area, which represents approximately 27% of the country's population. It is mainland Europe's westernmost capital city and the only one along the Atlantic coast. Lisbon lies in the western Iberian Peninsula on the Atlantic Ocean and the River Tagus. The westernmost portions of its metro area, the Portuguese Riviera, form the westernmost point of Continental Europe, culminating at Cabo da Roca.
  Lisbon is recognised as an alpha-level global city because of its importance in finance, commerce, media, entertainment, arts, international trade, education and tourism. Lisbon is one of two Portuguese cities to be recognised as a global city. It is one of the major economic centres on the continent, with a growing financial sector and one of the largest container ports on Europe's Atlantic coast.
context_section_description: The Lisbon region is the wealthiest region in Portugal and it is well above the European Union's GDP per capita average – it produces 45% of the Portuguese GDP. Lisbon's economy is based primarily on the tertiary sector. Most of the headquarters of multinationals operating in Portugal are concentrated in the Grande Lisboa Subregion, specially in the Oeiras municipality. The Lisbon metropolitan area is heavily industrialized, especially the south bank of the Tagus river (Rio Tejo).
  The Lisbon region is rapidly growing, with GDP (PPP) per capita calculated for each year as follows: €22,745 (2004) – €23,816 (2005) – €25,200 (2006) – €26,100 (2007). The Lisbon metropolitan area had a GDP amounting to $96.3 billion, and $32,434 per capita.
  The country's chief seaport, featuring one of the largest and most sophisticated regional markets on the Iberian Peninsula, Lisbon and its heavily populated surroundings are also developing as an important financial centre and a dynamic technological hub. Automobile manufacturers have erected factories in the suburbs, for example, AutoEuropa.
  Lisbon has the largest and most developed mass media sector of Portugal, and is home to several related companies ranging from leading television networks and radio stations to major newspapers.
  The Euronext Lisbon stock exchange, part of the pan-European Euronext system together with the stock exchanges of Amsterdam, Brussels and Paris, is tied with the New York Stock Exchange since 2007, forming the multinational NYSE Euronext group of stock exchanges.
  Lisbonite industry has very large sectors in oil, as refineries are found just across the Tagus, textile mills, shipyards and fishing.
  Before Portugal's sovereign debt crisis and an EU-IMF rescue plan, for the decade of 2010 Lisbon was expecting to receive many state funded investments, including building a new airport, a new bridge, an expansion of the Lisbon Metro 30 km (18.64 mi) underground, the construction of a mega-hospital (or central hospital), the creation of two lines of a TGV to join Madrid, Porto, Vigo and the rest of Europe, the restoration of the main part of the town (between the Marquês de Pombal roundabout and Terreiro do Paço), the creation of a large number of bike lanes, as well as modernization and renovation of various facilities.
  Lisbon was the 18th most "livable city" in the world in 2015 according to lifestyle magazine Monocle.
  Tourism is also a significant industry; a 2018 report stated that the city receives an average of 4.5 million tourists per year. Hotel revenues alone generated €714.8 million in 2017, an increase of 18.7% over 2016.
  Lisboa was elected the "World's Leading City Destination and World's Leading City Break Destination 2018".
caption: Avenida da Liberdade is one of the most expensive shopping streets in Europe and famous as a popular destination for luxury goods shopping.
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