After reaching its peak population in 2008 of 10.6 million people, Portugal’s population has gradually declined. As of 2020, Portugal’s population is 10.2 million people. By 2050, the population is projected to be 9.08 million people and by 2099, the population is expected to be down to 7.01 million people.
Portugal’s population is decreasing at a rate of 0.29%, roughly 30,000 people per year. This is a combination of negative net migration and fewer babies being born. The fertility rate in Portugal is 1.29 births per woman. This has resulted in an increasingly aging population, with the median age at 46.2 years.
Portugal Population Growth
Portugal is different from most other European nations in that it has a steadily decreasing population and is pretty anxious to have more people immigrate there. The 2019 annual growth rate of -0.39% doesn't sound like a big number, but estimates say that the country would need 75,000 immigrants each year just to maintain the population. Their socialist government is cited as a possible reason that it is so difficult to get people to move there. Measures are being taken to increase the ease with which people can come to Portugal, including reducing the barriers to visas and the starting of small businesses.
Portugal Population Projections
Despite efforts to increase immigration to Portugal, it is predicted that the population will continue to decline in the years to come, going down to an annual growth rate of -0.58%. The country desperately wants this to change, but if things continue on this trajectory, their numbers are likely to continue to follow. Current projections say that the population of Portugal will be 10,218,413 in 2020, 9,877,056 in 2030, 9,495,169 in 2040 and 8,994,594 by 2050.