Monthly Statistical Bulletin, May 2022

MAY 2022 Monthly Statistical Bulletin ISSN 0032-5082

2022 Edition 2 MONTHLY STATISTICAL BULLETIN Title Monthly Statistical Bulletin - 2022 Editor Instituto Nacional de Estatística, I.P. Av. António José de Almeida, 2 1000 - 043 LISBOA PORTUGAL Telefone: 21 842 61 00 Fax: 218 454 084 President of the Board Francisco Lima Design and layout Instituto Nacional de Estatística, I.P. Monthly publication Multithemes Digital Edition ISSN 0032-5082 Statistics Portugal on the Internet www.ine.pt © Statistics Portugal, Lisbon. Portugal, 2022 Creative Commons Attribution 4.0 International (CC BY 4.0)

MAY 2022 3 MONTHLY STATISTICAL BULLETIN Contents 4 6 8 10 11 13 15 17 19 20 21 22 23 24 25 27 28 29 30 32 34 35 38 40 42 45 47 48 50 52 54 Industrial production index – March 2022 Business turnover, employment, wages, and hours worked indices in the industry – March 2022 Employment statistics – 1st quarter of 2022 Gross monthly earnings per worker – 1st quarter of 2022 Labour cost index – 1st quarter of 2022 Labour market flow statistics – 1st quarter of 2022 Labour force survey ad hoc modules – labour market status of migrants and their immediate descendants Monthly employment and unemployment estimates – April 2022 New housing construction costs index – March 2022 Indices of production, employment, and wages in construction – March 2022 Interest rates implied in housing loans – April 2022 Survey on bank evaluation on housing – April 2022 International trade statistics – March 2022 Business turnover, employment, wages, and hours worked indices in services – March 2022 Consumer price index – April 2022 Industrial production prices index – April 2022 Commercial property price index – 2021 Consumer price index, flash estimate – May 2022 Vital statistics – monthly data, April 2022 Causes of death – 2020 Portuguese life tables – 2019-2021 Tourism activity – March 2022 Tourism activity, flash estimate – April 2022 Air transport, flash statistics – March 2022 Monthly economic survey – April 2022 Business and consumer surveys – May 2022 Business turnover, employment, wages, and hours worked indices in retail trade – April 2022 Main aggregates of General Government; Public expenditure statistics – 2020-2021 Quarterly national accounts – 1st quarter of 2022 Agricultural statistics – the wheat economy Fishery statistics – 2021

2022 Edition 4 MONTHLY STATISTICAL BULLETIN Industrial Production registered a year-on-year rate of change of 0.5% 0.5% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 -4.6% 6.0% 3.5% 3.1% 0.5% -32.5% -6.3% 2.7% 7.9% -4.1% Energy Investment goods Intermediate goods Consumer goods Total Feb. 2022 Mar. 2022 -6.0% -40.0% -20.0% 0.0% 20.0% 40.0% 60.0% 80.0% Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 3.1% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 In March 2022, year-on-year: • The Industrial Production Index (IPI) grew by 0.5% (4.6 percentage points (p.p.) more than in February); • This improvement is mainly associated with how Energy performed, whose year-on-year rate of change, despite remaining negative (-4.6%), recovered steeply (+27.9 p.p.), largely due to the increase in electricity production; • Excluding Energy, the rate of change concerning the IPI was 1.6% (3.1% in February); • The rate of change in the Manufacturing industry stood at 1.2% (2.3% in the previous month); • The major industrial groupings that make up the IPI showed disparate evolutions. Industrial Production Index (Year-on-year rate of change) Total Industrial Production Index (Year-on-year rate of change) Investment goods Industrial Production Index (Year-on-year rate of change) Consumer goods IPI - Total and Main Industrial Groupings (Year-on-year rate of change)

MAY 2022 5 In March 2022, when compared with the previous month: • The IPI registered a rate of change of 4.3% (0.8% in the previous month); It should be noted, however, that this figure encompasses some heterogeneity regarding its components: » Energy made a decisive contribution to the variation of the total index (4.4 p.p.), originated by a rate of change of 31.0% (-13.9% in the previous month); » Consumer goods went from a month-on-month rate of change of 5.3% to 1.7%, having contributed with 0.6 p.p.; » Intermediate goods and Investment goods both contributed with -0.3 p.p., as a result of the rates of change of -0.9% and -2.2%, respectively (2.2% and 3.8% in the previous month, in the same order). More information is available at: Industrial production index – March 2022 3 May 2022 In the 1st quarter of 2022, the aggregate index decreased by 2.3% year-on-year (-1.6% in the previous quarter), as a result of the following rates of change: • Energy: -18.1% (-16.1% in the 4th quarter of 2021); • Investment goods: -6.8% (-2.8% in the previous quarter); • Consumer goods: 4.0% (4.2% in the 4th quarter of 2021). 3.5% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 -4.6% -40.0% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 31.0% -2.2% -0.9% 1.7% 4.3% -13.9% 3.8% 2.2% 5.3% 0.8% Energy Investment goods Intermediate goods Consumer goods Total Feb. 2022 Mar. 2022 Industrial Production Index (Year-on-year rate of change) Intermediate goods Industrial Production Index (Year-on-year rate of change) Energy IPI - Total and Main Industrial Groupings (Month-on-month rate of change)

2022 Edition 6 MONTHLY STATISTICAL BULLETIN Industrial turnover increased by 25.8% In March 2022, year-on-year: • The Industrial Turnover Index (ITI) registered a nominal growth of 25.8% (23.0% in the previous month); • Energy, with an increase of 60.4% (33.7% in February), mostly as a result of the strong increase in prices, continued to significantly influence the overall evolution of the index; Excluding Energy, industrial sales increased by 17.2% (20.0% in February); • The indices concerning the domestic market and the external market both registered increases of 25.8% (21.9% and 24.5% in the previous month, in the same order). 25.8% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 60.4% -0.3% 24.9% 17.9% 33.7% 1.7% 29.1% 20.4% Energy Investment goods Intermediate goods Consumer goods Feb-22 Mar-22 7.5% 19.5% -40.0% -20.0% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% 140.0% 160.0% Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Durable goods Non-durable goods 24.9% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Industry Turnover Index (year-on-year rate of change) Total Industry Turnover Index - Major industrial groupings (year-on-year rate of change) Industry Turnover Index (year-on-year rate of change) Consumer goods Industry Turnover Index (year-on-year rate of change) Intermediate goods

MAY 2022 7 In March 2022, the following year-on-year increases were also recorded regarding the indices of the industry sector: • Employment: 3.3%; • Wages and salaries: 6.4%; • Hours worked (adjusted of calendar effects): 3.2%. In March 2022, the ITI registered a month-on-month growth of 20.2% (17.5% in March 2021). In the 1st quarter of 2022, industrial sales increased by 22.6% year-on-year (15.5% in the previous quarter). More information is available at: Business turnover, employment, wages, and hours worked indices in the industry – March 2022 10 May 2022 -0.3% -50.0% 0.0% 50.0% 100.0% 150.0% 200.0% Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 60.4% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 3.2% 6.4% 3.3% 7.5% 4.1% 2.8% Hours worked Wages and salaries Employment Feb-22 Mar-22 3.3% -3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 3.2% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Industry Turnover Index (year-on-year rate of change) Investment goods Industry Turnover Index (year-on-year rate of change) Energy Employment, Wages, and Hours worked Index (year-on-year rate of change) Industry Employment Index (year-on-year rate of change) Total Industry Employment Index (year-on-year rate of change) Hours worked

2022 Edition 8 MONTHLY STATISTICAL BULLETIN The unemployment rate decreased to 5.9% in the 1st quarter of 2022 Unemployment rate Unemployment rate by NUTS II region, 1st quarter of 2022 In the 1st quarter of 2022: • The unemployed population, estimated at 308,400 people: » It decreased by 6.7% (22 thousand) compared to the previous quarter; » It decreased by 14.3% (51.7 thousand) compared to the 1st quarter of 2021, mostly due to the contributions of new job seekers and those unemployed for less than 12 months; • The unemployment rate was estimated at 5.9%, which stands for: » 0.4 p.p. less than in the previous quarter; » 1.2 p.p. less than in the same period of 2021; • The unemployment rate was higher than the national average in four of the NUTS II regions: Região Autónoma dos Açores, Algarve, Área Metropolitana de Lisboa, and Região Autónoma da Madeira; 5.9% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% 1Q2013 1Q2014 1Q2015 1Q2016 1Q2017 1Q2018 1Q2019 1Q2020 1Q2021 1Q2022 7.5% 7.0% 6.8% 6.6% 5.9% 5.4% 5.4% 5.1% Região Autónoma da Madeira Algarve Área Metropolitana de Lisboa Região Autónoma dos Açores Portugal Centro Norte Alentejo

MAY 2022 9 Labour underutilisation rate Employment rate • The employed population (4,900.9 thousand people) increased by 0.4% (21.9 thousand) compared to the previous quarter and 4.7% (219.3 thousand) compared to the same period in 2021. It contributed the most to the year-on-year rate of change: » The employment in services; » Employees with indefinite employment contracts; » Full-time contracts employment; More information is available at: Employment statistics – 1st quarter of 2022 11 May 2022 • Around 10.4% of the employed population (510.2 thousand people) always or almost always worked from home, using information and communication technologies (remote working), which corresponds to the second-lowest figure recorded in this series since it began in the 2nd quarter of 2020; 56.4% 0.0% 48.0% 51.0% 54.0% 57.0% 60.0% 63.0% 1Q2013 1Q2014 1Q2015 1Q2016 1Q2017 1Q2018 1Q2019 1Q2020 1Q2021 1Q2022 11.5% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 1Q2013 1Q2014 1Q2015 1Q2016 1Q2017 1Q2018 1Q2019 1Q2020 1Q2021 1Q2022 • The labour underutilisation covered 618.2 thousand people, corresponding to: » -1.9% (11.9 thousand) compared to the previous quarter; » -17.2% (-128.2 thousand) vis-à-vis the same period of 2021; • The labour underutilisation rate, estimated at 11.5%, decreased by 0.2 p.p. from the previous quarter and 2.6 p.p. from the same quarter of 2021; • The inactive population aged 16 and over (3,593.1 thousand people): » It decreased by 0.5% (19.0 thousand) compared to the previous quarter; » It decreased by 4.3% (159.8 thousand) vis-à-vis the same quarter of 2021.

2022 Edition 10 MONTHLY STATISTICAL BULLETIN Average monthly gross earnings per employee increased by 2.2% to €1,258 in the 1st quarter of 2022; in real terms, it decreased by 2.0% In the 1st quarter of 2022, compared to the same period in 2021: • The average monthly total gross earnings per employee (job) increased by 2.2% to €1,258; • The regular earnings component (excluding holiday and Christmas pays) increased by 1.7% to €1,127; • In turn, basic earnings rose by 1.6%, to €1,058; • In real terms - i.e., taking into account the rate of change in the Consumer Price Index - monthly salaries registered the following year-on-year rates of change: » Total gross earnings: -2.0%; » Regular gross earnings: -2.5%; » Basic gross earnings: -2,5%; • The number of employees increased by 5.3%. Average monthly gross earnings per employee Average monthly gross earnings per employee (year-on-year rate of change) Compared to March 2021: • The largest increases in total earnings occurred: » In Real estate activities: 6.4%; » In enterprises with 1 to 4 workers: 6.2%; » In the private sector: 3.0%; » In High-technology services enterprises: 5.5%. • The following negative rates of change were recorded in total earnings: » In Electricity, gas, steam, hot and cold water and cold air activities: -16,3%; » In enterprises with 500 or more employees: -0,6%; » In High-technology manufacturing industries: -0.5%. The results presented refer to about 4.3 million jobs, corresponding to beneficiaries of Social Security and subscribers to Caixa Geral de Aposentações. More information is available at: Gross monthly earnings per worker – 1st quarter of 2022 12 May 2022 1,258 € 1,000 € 1,100 € 1,200 € 1,300 € 1,400 € 1,500 € 1,600 € Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 2.2% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22

MAY 2022 11 MONTHLY STATISTICAL BULLETIN In the first quarter of 2022, the Labour Cost Index increased by 1.1% In the 1st quarter of 2022, year-on-year1: • The Labour Cost Index (LCI) increased by 1.1% (2.6% in the previous quarter); • Wage costs per hour actually worked increased by 0.4% (2.6% in the previous quarter); • Other labour costs, also per hour actually worked, grew by 3.8% (2.5% in the previous quarter). This rate of change concerning the ICT is explained by how the following factors developed: • When focussing on the numerator, the average cost per employee increased by 3.1% (+2.4% in the previous quarter); The increase was across all economic activities, given that: » The smallest rate of change was registered in Public Administration (1.8%); » The most significant rates of change were registered in Construction (4.7%) and Services (4.4%); • Concerning the denominator, a more minor increase of 2.6% in the number of hours actually worked per worker (+0.2% in the previous quarter); All economic activities contributed to this increase, except Construction, which decreased by 1.7%. The largest increase was registered in Public Administration (4.0%). As a result, the LCI increased in all economic activities, except in Public Administration, which registered a reduction of 1.9%. Concerning specific wage costs, in the 1st quarter of 2022, these grew mainly in Construction (6.5%), while in Public Administration they decreased by 2.2%. Labour Cost Index Working days adjusted data (year-on-year rate of change) 1 The data in this press release are working days adjusted. 1.1% 3.1% 2.6% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 1st Q 2017 1st Q 2018 1st Q 2019 1st Q 2020 1st Q 2021 1st Q 2022 Total Average cost per employee Number of hours actually worked per employee

2022 Edition 12 In comparison with the European Union The year-on-year rate of change in the LCI for the whole European Union (27 countries) was 2.3% in the 4th quarter of 2021. This is the latest information made available by Eurostat, on the 18th of March 2021, concerning the year-on-year rate of change in the LCI by Member states and for the EU as a whole. Portugal also registered a year-on-year increase of 2.3%. Labour Cost Index in EU countries Working days adjusted data – 4th quarter of 2021 (year-on-year rate of change) More information is available at: Labour cost index – 1st quarter of 2022 13 May 2022 -2.8% 0.3% 0.7% 1.4% 1.5% 1.5% 2.0% 2.3% 2.3% 2.4% 2.7% 2.8% 2.9% 2.9% 3.4% 4.0% 4.8% 5.1% 5.3% 6.7% 6.7% 7.8% 8.6% 9.2% 10.6% 11.3% 12.1% 15.3% Greece Italy Spain France Cyprus Sweden Belgium EU 27 Portugal Germany Malta Austria Luxembourg Netherlands Denmark Finland Croa�a Slovenia Czechia Ireland Romania Estonia Latvia Poland Slovakia Hungary Bulgaria Lithuania

MAY 2022 13 MONTHLY STATISTICAL BULLETIN 25.6% of the unemployed in the 4th quarter of 2021 moved into employment in the 1st quarter of 2022 In the 1st quarter of 2022, compared to the previous quarter: • Of the unemployed people: » 54.0% (178.7 thousand) remained so; » 25.6% (84,700) are now employed; » 20.4% (67,300) became inactive; • The following transitioned into employment: » Approximately one in three short term unemployed (33.4%; 57,500); » One in nine people belonging to the "potential workforce" (11.4%; 17.9 thousand); • 9.6% (69.8 thousand) of the self-employed people became employees; • 1.9% (76,100) of people who were employed became self-employed; • More than one in five employees who had a fixed-term or other types of contracts now have a permanent work contract (22.0%; 146.3 thousand); • About one in five part-time employees (19.0%; 75,800) moved to full-time work; • Of those who remained employed, 3.6% (170,400) changed jobs. Employment 2.2% 95.0% 54.0% 25.6% 2.6% 1.0% 20.4% 96.8% 2.3% Unemployment Inactivity (16-89) Quarterly labour market flows (in % of initial status)

2022 Edition 14 The statistical findings for the 4th quarter of 2021 concerning the labour market flows between employment status for the population aged 15 to 74, released by Eurostat on 13 April 2022, pointed to: • The proportion of people in Portugal who were unemployed in the 2nd quarter of the same year and who moved on to employment (27.7%) was 2.3 p.p. higher than the figure for people in the same circumstances in the EU as a whole; • In the same period, around one in five of the unemployed people in Portugal moved into inactivity (19.3%), while in the European Union this flow represented around one in four (23.7%). More information is available at: Labour market flow statistics – 1st quarter of 2022 18 May 2022 Labour market flows between labour status of the population aged 15 to 74 in the European Union (EU-27) and Portugal (as % of the initial status) – 4th quarter of 2021 96.1 1.3 2.7 27.7 53.0 19.3 4.1 3.8 92.0 95.7 1.3 3.0 25.4 50.9 23.7 4.5 3.2 92.4 Employment Employment to unemployment Employment to inac�vity Unemployment to employment Unemployment Unemployment to inac�vity Inac�vity to employment Inac�vity to unemployment Inac�vity European Union (EU 27) Portugal

MAY 2022 15 MONTHLY STATISTICAL BULLETIN In 2021, the immigrants and their descendants were about 12% of the people aged 16 to 74 living in Portugal In 2021, 951,400 (12.4%) persons aged 16 to 74 living in Portugal had an immigrant background, i.e., they or at least one of their parents were born outside Portugal. Compared to those who had origin only in Portugal, they were younger, better educated, and more concentrated in predominantly urban areas. Resident population aged 16 to 74 with and without an immigration background – some differences, 2021 Of all those with an immigrant background: • 580.6 thousand (7.6%) were immigrants; • 370.8 (4.8%) were descendants of immigrants. Concerning immigrants, the following should be noted: • They originate mainly in countries with which Portugal has historical ties; First-generation immigrants aged 16 to 74 by country of birth (%), Portugal, 2021 • Those fromPortuguese-speaking African Countries account for more than a third (36.7%) of the total number of immigrants; • The vast majority (70.4%) have Portuguese as their mother tongue; • Two out of five (39.8%) arrived in Portugal more than 40 years ago; • 11.3% of those aged between 25 and 64 who were employed indicated that they had experienced discrimination in the work context; • 28.9% of those aged between 25 and 64 who were employed indicated that their current job requires fewer skills than the one they had before they arrived in Portugal. 49.3% 32.6% 79.7% 33.8% 23.8% 72.8% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 16 to 39 years old Completed ter�ary educa�on Concentrated in predominantly urban areas Popula�on with an immigra�on background Popula�on without an immigra�on background Angola 21.5% France 19.3% Brazil 9.8% Mozambique 9.6% Venezuela 4.8% Other 34.9%

2022 Edition 16 In turn, the descendants of immigrants have the following characteristics: • Their parents were born mainly in the European Union (EU 27): 86.6% (as expected, given that in most of these cases one of the parents was born in Portugal); • For those aged between 25 and 64 who were employed, they presented a more unfavourable situation than immigrants concerning activity rates, employment rates, unemployment rates, and how strong their employment status is. Immigrants and their descendants aged from 25 to 64 – some differences, 2021 Resident population aged 25 to 64 according to the type of immigration background, by employment status, Portugal, 2021 More information is available at: Labour force survey ad hoc modules – labour market status of migrants and their immediate descendants 20 May 2022 83.2% 73.6% 11.5% 64.1% 86.2% 80.3% 6.8% 84.7% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0% Ac�vity rate Employment rate Unemloyment rate Long-term employment contract Descendants of immigrants Immigrants 80.3% 73.6% 79.5% 5.9% 9.6% 4.4% 13.8% 16.9% 16.1% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Immigrants Descendants of immigrants Without an immigra�on background Employed Unemployed Inac�ve

MAY 2022 17 MONTHLY STATISTICAL BULLETIN 5.8% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18 Apr-19 Apr-20 Apr-21 Apr-22 11.2% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18 Apr-19 Apr-20 Apr-21 Apr-22 In April, the unemployment rate stood at 5.8%, and the labour underutilisation rate at 11.2% The monthly estimates presented correspond to moving quarters, where the reference month is the central month of each of these quarters. Therefore, the definitive estimates for March include February, March, and April, while the provisional estimates for April comprise March, April, and May. The estimates are calculated considering the population aged 15 to 74 and the values are seasonally adjusted. In April 2022 (provisional results): • The employed population (4,882.7 thousand people) decreased by 0.1% compared with the previous month and increased by 3.5% compared with the same month of 2021; • The unemployed population (300.4 thousand) increased by 0.3% compared with the previous month and decreased by 14.7% compared with April 2021; • The unemployment rate stood at 5.8%, the same as the previous month and 1.1 p.p. less than a year before; • The labour underutilisation rate stood at 11.2%, the same value as in the previous month, and corresponded to a reduction of 1.8 p.p. compared with the same month in 2021. (p) (p) Unemployment rate (seasonally adjusted data) (p) Provisional estimate (p) Provisional estimate Labour underutilisation rate (seasonally adjusted data) In March 2022: • The employed population (4,889.2 thousand) remained virtually unchanged from the previous month and increased by 4.0% compared with the same month of 2021; • The unemployed population (294,400) increased by 2.1% compared to the previous month and decreased by 11.2% compared to March 2021; • The unemployment rate was 5.8%, i.e., 0.1 p.p. higher than in the previous month and 0.9 p.p. lower than a year earlier;

2022 Edition 18 Unemployment* rate in the youth and adult population March and April 2022 * Values for the most recent month are provisional. More information is available at: Monthly employment and unemployment estimates – April 2022 31 May 2022 • The labour underutilisation rate stood at 11.2%, up 0.1 p.p. on the previous month and 1.7 p.p. less than in the same month of 2021; • Compared with the previous month, the working population increased by 6.0 thousand people and the inactive population decreased by 7.1 thousand people1; » The rate of change concerning the active population resulted from the increase in the unemployed population (6.1 thousand; 2.1%) since the employed population remained practically unchanged; » The evolution of the inactive population was explained by the decrease in the number of other inactive people, who were neither available for work nor looking for a job (5.8 thousand; 0.2%) and in the number of inactive people available for work but not looking for a job (2.3 thousand; 1.8%). 18.9% 4.9% 20.2% 5.0% Youth population Adult population Apr-22 Mar-22 1 Changes in the working and inactive populations are not necessarily symmetrical. They are also influenced by changes in the total population due to natural and migratory balances.

MAY 2022 19 MONTHLY STATISTICAL BULLETIN More information is available at: New housing construction costs index – March 2022 10 May 2022 The following year-on-year rates of change are estimated for new housing construction costs in March 2022: • Construction Costs Index for New Housing (CCINH): 11.6% (an increase of 3.0 p.p. compared to the previous month, almost entirely due to the cost of materials); • Cost of materials: 15.3% (10.3% in the previous month); • Labour costs: 6.4% (6.3% in the previous month). In what concerns the month-on-month rates of change, the estimate rates for March 2022 are: • CCINH: 2.9% (1.5% in February); • Cost of materials: 4.6% (0.5% in February); • Labour costs: 0.6% (2.8% in February). Construction Costs Index for New Housing (year-on-year rate of change) The construction costs increased by 11.6% year-on-year Nota: Figures for January, February, and March 2022 are provisional. 11.6% 15.3% 6.4% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% March 2020 September 2020 March 2021 September 2021 March 2022 Total Materials Labour

2022 Edition 20 MONTHLY STATISTICAL BULLETIN More information is available at: Indices of production, employment, and wages in construction – March 2022 12 May 2022 Production in construction increased by 4.1% In March 2022, the following year-on-year rates of change were recorded in the construction sector: • Production Index1: 4.1% (same value as in February), with the following rates of change concerning its segments (the same as in the previous month): » Building construction: 2.7%; » Civil engineering: 6.2%; • Employment Index: 2.0% (2.3% in the previous month); • Wages and salaries index: 8.9% (6.9% in February). Index of Production in Construction (year-on-year rate of change) Indices of employment, wages, and salaries in Construction (year-on-year rate of change) 1 3-month moving average adjusted for calendar and seasonal effects. 4.1% -10.0% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% Mar-19 May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 8.9% 2.0% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% Mar-19 May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 Wages and salaries Employment

MAY 2022 21 MONTHLY STATISTICAL BULLETIN The interest rate in housing loans rose to 0.805%, while the owed capital and monthly loans repayments stood at €59,242 and €257, respectively In April 2022: • The implicit interest rate regarding the set of housing loan agreements was 0,805% (0,794% in the previous month); • For contracts closed in the last threemonths, the interest rate rose to 0.857% (0.831% in March); • The average owed capital for all contracts increased by €519 compared to March, standing at €59,242; Implicit interest rates in housing loans Average owed capital • The average value of loan repayments rose to €257 (€2 more than the previous month); • The implicit interest rate for total contracts for house purchase (themost relevant financing destination in the set of housing loans) rose to 0.805% (+1.1 basis points (b.p.) than in March); For contracts of this nature signed in the last three months, the rate was 0.857% (0.831% in the previous month). More information is available at: Interest rates implied in housing loans – April 2022 20 May 2022 0.805% 0.780% 0.830% 0.880% 0.930% 0.980% 1.030% 1.080% Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 €59,242 €50,000 €52,000 €54,000 €56,000 €58,000 €60,000 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22

2022 Edition 22 MONTHLY STATISTICAL BULLETIN Bank appraisals increased to €1,356 per square metre In April, the median bank appraisal value on housing was €1,356 per square metre, up €25 (1.9%) compared to March. The largest increase, when compared to the previous month, was recorded in Centro (1.7%), and only Região Autónoma dos Açores and Região Autónoma da Madeira registered a declining month-on-month rate of change (-0.5% and -0.3%, respectively). When compared with the same period of the previous year, the median value of bank appraisals increased by 13.0% (12.1% in March). The largest rate of change was registered in Algarve (16.2%) and the lowest occurred in Região Autónoma dos Açores (6.7%). Median value of bank appraisals – April 2022 Apartments and houses In April, the number of bank appraisals reported, supporting the results presented, was around 32.3 thousand, up 15.0% over the same month of the preceding year. It should be considered that this evolution is likely to be influenced by a base effect deriving from the worsening, in the first months of 2021, of the containment measures associated with the pandemic situation. From the reported appraisals: • 20,700 were appraisals on apartments; • About 11,600 concerned houses. When compared with the previous month, there were 300 more bank appraisals (+0.9%). The analysis by type of dwelling shows that, in April 2022, year-on-year, the median bank appraisal value: • In apartments, it increased by 14.7%, to €1,507/m2; • In houses, it increased by 8.3%, to €1,083/m2. In April 2022, compared to the previous month, the median bank appraisal: • Concerning apartments: » In two-bedroom apartments (T2), it increased by €24, to €1,529/m2; » In T3 type apartments, it increased by €29, to €1,345/m2; These two typologies combined represented 80.0% of the apartment appraisals carried out; • Regarding houses: » T2: it increased by €8, to €1,055/m2; » T3: it increased by €22, to €1,067/m2; » T4: it grew by €13, to €1,117/m2; These three types of housing combined accounted for 88.9% of house appraisals. More information is available at: Survey on bank evaluation on housing – April 2022 27 May 2022 €1,507 €1,083 0 500 1,000 1,500 2,000 Alentejo Centro Norte RAAçores RAMadeira Algarve AM Lisboa Portugal Houses Apartments euros/m2

MAY 2022 23 MONTHLY STATISTICAL BULLETIN Exports and imports increased by 13.6% and 30.0% in nominal terms In March 2022, year-on-year: • Exports and imports of goods registered nominal increases of 13.6% and 30.0%, respectively (+19.9% and +43.3% in the previous month, in the same order); • The following exports stand out: » An increase of 24.8% in Industrial supplies, mostly of Processed goods and mainly to Spain; » A decrease of 6.9% in Transport equipment, particularly towards Spain and the United Kingdom; • While in imports the most important was: » An increase of 132.8% in Fuels and lubricants, particularly from the United States (188.6%); » An increase of 24.8% in Industrial supplies (matching the increase in exports); • Excluding Fuels and lubricants, exports increased by 12.4% and imports grew by 20.2%, respectively (+17.0% and +32.7% in the previous month, in the same order); • The deficit of trade balance in goods amounted to €2,415 million, which represents an increase of €1,290 million; • Excluding Fuel and lubricants, the deficit stood at €1,447 million, increasing by €599 million. In the 1st quarter of 2022: • Compared with a year earlier, exports and imports of goods increased by 18.2% and 36.8% respectively (+22.0% and +39.6%, in the same order, in the quarter ended February 2022); • When compared with the 1st quarter of 2020, there were increases of 25.6% in exports and 29.0% in imports (+21.5% and +25.9%, in the same order, compared with the 1st quarter of 2019). More information is available at: International trade statistics – March 2022 10 May 2022 13.6% -60.0% -40.0% -20.0% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Exports - Total (year-on-year rate of change) Imports - Total (year-on-year rate of change) Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 30.0% -60.0% -40.0% -20.0% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0%

MAY 2022 24 Services turnover increased by 32.7% In March 2022, year-on-year: • The Services Turnover Index1 (STI) registered a nominal rate of change of 32.7% (+2.6 p.p. than in the previous month). The strong recovery in Hotels, Restaurants and Similar Establishments stood out, growing by 150.9%; • The remaining indices related to Services registered the following rates of change: » Employment: 7.4% (6.2% in February); » Wages and salaries: 8.9% (6.0% in February); » Hours worked (adjusted of calendar effects): 18.2% (21.9% in February); In March 2022, the month-on-month rate of change concerning the STI was 6.3% (1.8% in the previous month). In the 1st quarter of 2022, the STI registered a year-on-year growth of 27.9% (17.5% in the previous quarter). 1 Nominal data adjusted of calendar ans seasonal effects. More information is available at: Business turnover, employment, wages, and hours worked indices in services – March 2022 11 May 2022 32.7% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 29.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 150.9% -50.0% 0.0% 50.0% 100.0% 150.0% 200.0% Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 44.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 Services Turnover Index (year-on-year rate of change) Total Turnover Index (year-on-year rate of change) Wholesale trade, trade and repair of vehicles and motorcycles Turnover Index (year-on-year rate of change) Accommodation and food services Turnover Index (year-on-year rate of change) Transportation and storage

MAY 2022 25 The CPI annual rate of change continues to increase at 7.2% In April 2022, the Consumer Price Index (CPI) registered the following year-on-year rates of change: • Total CPI: 7.2% (5.3% in the previous month), the highest since March 1993; • Core inflation index (total index excluding unprocessed food and energy): 5.0% (3.8% in March), the highest value since September 1995; • Energy products index: 26.7% (19.8% in the previous month), the highest value since May 1985; • Unprocessed food index: 9.4% (5.8% in March). In April 2022, the CPI also accounted for the following rates of change: • Month-on-month: 2.2% (2.5% in the previous month and 0.4% in April 2021); • Month-on-month, excluding unprocessed food and energy: 1.5% (2.2% in the previous month and 0.4% in April 2021); • Average over the last 12 months: 2.8% (2.2% in the previous month). 2.8% 7.2% 5.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 CPI (12-month moving average) CPI (year-on-year rate of change) Core Infla�on Index (year-on-year rate of change) Consumer price and core inflation indices (year-on-year rate of change and 12-month moving average)

MAY 2022 26 As regards the Harmonised Index of Consumer Prices (HICP), the following rates of change were recorded in April 2022: • Year-on-year: 7.4%, which is the new highest value since the beginning of the series in 1996 (+1.9 p.p. than in the previous month and -0.1 p.p. than the value estimated by Eurostat for the Euro Area (EA) (+1.9 p.p. in March)); Excluding unprocessed food and energy, the HICP in Portugal reached a year-on-year rate of change of 5.3% (4.1% in March), higher than the corresponding rate for the EA (estimated at 3.9%), keeping the upward profile seen in recent months; • Month-on-month: 2.4% (2.6% in the previous month and 0.5% in April 2021); • Average of the last 12 months: 2.6% (2.0% in the previous month). More information is available at: Consumer price index – April 2022 11 May 2022 4.9% 5.5% 5.6% 6.6% 7.2% 7.3% 7.4% 7.4% 7.5% 7.8% 8.3% 8.6% 9.0% 9.3% 9.4% 10.9% 11.2% 13.2% 16.6% 19.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% Malta France Finland Italy Austria Ireland Portugal Slovenia Euro Area Germany Spain Cyprus Luxembourg Belgium Greece Slovakia Netherlands latvia Lithuania Estonia Harmonised Index of Consumer Prices (year-on-year rate of change in the Eurozone Countries, April 2022)

MAY 2022 27 Industrial production prices increased by 24.6% In April 2022, year-on-year: • The Industrial Production Price Index (IPPI) registered an increase of 24.6%, i.e., 1.9 p.p. less than the one registered in the previous month; This deceleration was determined by Energy, which went from a year-on-year rate of change of 82.3% in March to 61.5% in April, with electricity falling from 103.9% in March to 47.8%; • Excluding Energy, the rate of change in industrial production prices was 15.8% (13.7% in March); • Intermediate goods increased by 23.3% (20.5% in March). The month-on-month rate of change concerning the IPPI was null in April (1.5% in the same period of 2021). More information is available at: Industrial production prices index – April 2022 18 May 2022 24.6% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 1.5% 0.1% 1.9% 0.2% 4.2% 0.0% 1.6% 4.2% 1.1% -7.7% -10.0% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% Total Consumer goods Intermediate goods Investment goods Energy April 2021 April 2022 Industrial Production Prices Index (year-on-year rate of change) Total Index and Major Industrial Groupings (month-on-month rate of change)

2022 Edition 28 In 2021, the price of commercial properties increased by 5.1% In 2021, the Commercial Property Price Index (CPPI) increased by 5.1%, i.e., 2.3 p.p. more than the rate observed in 2020. This was the highest price increase since 2010. Similar to the outcome that has been registered since 2016, the growth in commercial property prices was less intense than that observed in residential property prices (9.4%). Commercial Property Price Index and House Price Index, Year-on-year rate of change (%), 2015-2021 5.1 9.4 0 2 4 6 8 10 12 2015 2016 2017 2018 2019 2020 2021 Commercial Property Price Index House Price Index More information is available at: Commercial property price index – 2021 26 May 2022

MAY 2022 29 MONTHLY STATISTICAL BULLETIN The annual rate of change concerning the CPI is estimated at 8.0% Flash estimate Based on the information already available, it is estimated that in May 2022 the following rates of change will have been recorded in year-on- -year terms: • Total Consumer Price Index (CPI): 8.0%, the highest value since February 1993; • Core inflation index (total index excluding unprocessed food and energy): 5.6%, the highest since October 1994; • Energy products index: 27.2%, the highest since February 1985; • Unprocessed food index: 11.7%. Compared to the previous month, the CPI rate of change in May should have been 1.0% (2.2% in the previous month and 0.2% in May 2021). In May 2022, the average rate of change concerning the CPI in the last twelve months is estimated to have been 3.4% (2.8% in the previous month). More information is available at: Consumer price index flash estimate – May 2022 31 May 2022 Monthly rate (%)1 Annual rate (%)1 Apr-22 May-22 * Apr-22 May-22* CPI Total 2.20 1.00 7.20 8.02 All items excluding housing 2.29 1.03 7.40 8.25 All items excluding unproc. food and energy 1.48 0.76 4.96 5.60 Unprocessed food 4.25 2.35 9.41 11.66 Energy 6.04 1.36 26.72 27.25 HICP Total 2.4 1.0 7.4 8.1 1 Rounded values to two and one decimals. * Estimated values. In May 2022, the Portuguese Harmonised Index of Consumer Prices (HIPC) - the most appropriate inflation index for comparisons between the different countries of the European Union, and in particular the Euro Area - will have registered a year-on-year rate of change of 8.1%.

2022 Edition 30 MONTHLY STATISTICAL BULLETIN The number of live births decreased by 1.2% compared to March 2021 Mortality In April 2022: • The number of deaths was 10,120, lower than in the previous month (-661 deaths; -6.1%) and higher than in April 2021 (+1,694; +20.1%); Live births In March 2022, 6,573 live births were registered, corresponding to a reduction of 1.2% (-80) in comparison to the same month in 2021. • The number of deaths attributed to COVID-19: » It was 590, i.e., 5.8% of the total number of deaths; » It decreased when compared to the previous month (-55 deaths) and increased vis-à-vis April 2021 (+473). From January to April 2022, 43,321 deaths were registered, 7,150 fewer than in the same period in 2021 (-14.2%). The total number of live births registered in the 1st quarter of 2022 (19,028) was higher than in the same period of 2021 (18,390), corresponding to an increase of 638 (3.5%) live births. 9,530 590 -40 -20 0 20 40 60 80 -10,000 -5,000 0 5,000 10,000 15,000 20,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 2019 2020 2021 2022 % No. Deaths excluding COVID-19 (Le� Axis) COVID-19 deaths (Le� Axis) Year-on-year rate of change (Right Axis) COVID-19 PANDEMIC COVID-19 PANDEMIC 6,573 -20 0 20 40 -5,000 0 5,000 10,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 2019 2020 2021 2022 % No. Live-births (Le� Axis) Year-on-year rate of change (Right Axis) Deaths and year-on-year rate of change, Portugal, January 2019 to April 2022 Live births and year-on-year rate of change, Portugal, January 2019 to March 2022

MAY 2022 31 Natural balance In February and March 2022, the natural balance was -4 502 and -4 177, respectively. In March, the natural balance worsened when compared to the same month in 2021 when the value was -2,956. In the 1st quarter of 2022, the cumulative sum concerning the natural balance was -14,103, revealing a strong decrease when compared to the value observed in the same period of 2021 (-23,641). Marriages In February and March 2022, about 1,401 and 1,680 marriages were celebrated respectively, corresponding to 7.9 and 3.8 times the number of marriages celebrated in February and March 2021 (1,224 and 1,236 more marriages). From January to March 2022, 4,223 marriages were celebrated, i.e., 2,788 more than in the same period of 2021, and respectively 242 and 268 more than in the same periods of 2019 and 2020. More information is available at: Vital statistics – monthly data, April 2022 13 May 2022 -20,000 -15,000 -10,000 -5,000 0 5,000 10,000 15,000 20,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 2019 2020 2021 2022 Natural Balance Live-births Deaths No. COVID-19 PANDEMIC 1,680 278% -600% -300% 0% 300% 600% 900% 1,200% -5,000 0 5,000 10,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 2019 2020 2021 2022 % No. Marriages (Le� Axis) Year-on-year rate of change (Right Axis) Live births, deaths, and natural balance, Portugal, January 2019 to March 2022 Marriages and year-on-year rate of change, Portugal, January 2019 to March 2022

2022 Edition 32 MONTHLY STATISTICAL BULLETIN In 2020, there was higher and earlier mortality from COVID-19 in men In 2020, COVID-19 caused 7,1251 deaths in Portugal. This corresponded to 5.8% of the total in the country, making this new disease the second leading cause of death in that year. Mortality from COVID-19 appears more associated: • To age: COVID-19 mortality rates increase from age 55 and reach a maximum among people aged 85 and over; • With a period of the year: 64.0% of deaths caused by COVID-19 (4,558 deaths) occurred in November and December 2020; • To gender: the overall mortality rate (69.0 deaths per 100,000 residents) is the result of disparate contributions: » 76.4 per 100,000 in men; » 62.5 per 100,000 in women. The latter outcome not only relates to mortality, but also the average age at death, which was higher in women (83.4 years) than in men (79.9 years). 1 The values presented are based on the underlying cause of death, i.e., the disease that initiated the chain of pathological events leading to death. World Health Organization (WHO) standards dictated that the underlying cause of death in COVID-19 deaths should not be classified as part of "respiratory diseases", but rather under the special purpose codes U00 to U99 of the International Classification of Diseases (ICD-10). 2019 and 2020 deaths, highlighting COVID-19 as an emerging cause of death 112,334 116,595 7,125 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 2019 2020 Other causes COVID-19

MAY 2022 33 In 2020, circulatory system diseases, in general, caused 34,593 deaths, increasing by 2.9% compared to the previous year. However, they lost importance in relative terms (1.9 p.p. less than the previous year and 1.0 p.p. less than in 2018). Within this group, cerebrovascular diseases, also known as cerebrovascular accidents (strokes), despite also losing relative importance, remained the main cause of death in 2020 (9.2%) at their level of disaggregation. However, the relative importance of strokes this year only decreased because the increase in their number (+4.2% compared to the previous year) was far exceeded by the growth in deaths in general (+10.1% compared to 2019). On the other hand, still in terms of diseases of the circulatory system, there were fewer deaths from ischaemic heart disease (6,838 deaths) and acute myocardial infarction (4,086 deaths), in both cases 4.4% fewer than in 2019. Mortality rate by sex in 2020 Average age at time of death by sex in 2020 76.4 62.5 0 10 20 30 40 50 60 70 80 90 Men Women per 100 thousand 79.9 83.4 0 10 20 30 40 50 60 70 80 90 Men Women age Respiratory diseases, in general, caused fewer deaths in 2020 than in 2019 (from 12,243 to 11,266, i.e., -8.0%). In this context, the 4,359 deaths caused by pneumonia stand out, although the reduction of 7.3% observed compared to the previous year continues the downward trend in its share in the total number of deaths (5.1%, 4.2%, and 3.5% of the mortality that occurred in 2018, 2019 and 2020, respectively). Deaths caused by malignant tumours of the trachea, bronchus, and lung also declined, both in absolute (4,318, down by 2.0% compared to 2019) and relative terms (3.5%, down by 0.4 p.p. from the previous year). In turn, malignant tumours of the colon, rectum, and anus accounted for 3.1% of mortality in 2020 (3.4% in 2019), with 3,810 deaths. Deaths by selected causes of death in 2020 3,810 4,086 4,116 4,318 4,359 6,838 7,125 11,439 Malignant neoplasm of colon, rectum, and anus Acute myocardial infarc�on Mellitus diabetes Malignant neoplasm of trachea, bronchus, lung Pneumonia Ischaemic heart diseases COVID-19 Cerebrovascular diseases 0 2,000 4,000 6,000 8,000 10,000 12,000 More information is available at: Causes of death – 2020, provisional results 16 May 2022

MAY 2022 34 The life expectancy was estimated at 80.72 years at birth and 19.35 years at age 65 In the 2019-2021 triennium, life expectancy at birth was estimated at 80.72 years, a decrease of 0.34 years (4.1 months) compared to 2018-2020. This decrease is attributable to the increase in deaths in the context of the pandemic, especially in the age group 65 to 84 years. By sex, the estimate was: Life expectancy at birth in 2019-2021 (years) Life expectancy at birth in 2019-2021 – rate of change compared to 2018-2020 (months) In a decade, there was an increase of 14.0 months of life expectancy at birth for the total population: • 14.4 months for men, mainly due to the reduction in mortality between the ages of 35 and 59; • 11.3 months for women, largely attributed to the reduction inmortality from age 60 onwards. In the period 2019-2021, life expectancy at age 65 has been estimated at 19.35 years for the total population, i.e., a reduction of 4.1 months compared to 2018-2020. When focussing the analysis on gender, results point to: • 17.38 years for men (4.6 fewer months compared to 2018-2020); • 20.80 years for women (3.7 fewer months compared to 2018-2020). In the last ten years, there was an increase of 0.6 years of life expectancy for the total population, which translates into: • 5.5 more months for men; • 7.2 more months for women. Life expectancy at age 65, 1989-1991 to 2019-2021 Life expectancy at age 65 – difference compared to the previous triennium, 1989-1991 to 2019-2021 More information is available at: Portuguese life tables – 2019-2021 30 May 2022 77.67 83.37 0 10 20 30 40 50 60 70 80 90 Men Women -4.8 -3.6 -6 -5 -4 -3 -2 -1 0 Men Women 15.60 19.35 15 0 16 17 18 19 20 1989 - 1991 1990 - 1992 1991 - 1993 1992 - 1994 1993 - 1995 1994 - 1996 1995 - 1997 1996 - 1998 1997 - 1999 1998 - 2000 1999 - 2001 2000 - 2002 2001 - 2003 2002 - 2004 2003 - 2005 2004 - 2006 2005 - 2007 2006 - 2008 2007 - 2009 2008 - 2010 2009 - 2011 2010 - 2012 2011 - 2013 2012 - 2014 2013 - 2015 2014 - 2016 2015 - 2017 2016 - 2018 2017 - 2019 2018 - 2020 2019 - 2021 Years 0.00 -0.34 -1.00 -0.80 -0.60 -0.40 -0.20 0.00 0.20 0.40 0.60 0.80 1.00 1989 - 1991 1990 - 1992 1991 - 1993 1992 - 1994 1993 - 1995 1994 - 1996 1995 - 1997 1996 - 1998 1997 - 1999 1998 - 2000 1999 - 2001 2000 - 2002 2001 - 2003 2002 - 2004 2003 - 2005 2004 - 2006 2005 - 2007 2006 - 2008 2007 - 2009 2008 - 2010 2009 - 2011 2010 - 2012 2011 - 2013 2012 - 2014 2013 - 2015 2014 - 2016 2015 - 2017 2016 - 2018 2017 - 2019 2018 - 2020 2019 - 2021 Years

MAY 2022 35 A higher average daily rate compared to the pre-pandemic period Guests and overnight stays In March 2022: • The tourist accommodation sector1 registered: » 1.6 million guests, i.e., a year-on-year increase of 464.1% (+503.8% in the previous month); » 4.0 million overnight stays, which corresponds, also year-on-year, to an increase of 543.2% (+523.5% in February); • The number of guests and overnight stays were however lower than those observed in March 2019: -15.3% in guests and -12.7% in overnight stays; • The domestic market contributed 1.3 million overnight stays and grew by 191.5% year-on-year; • The external markets, with 2.7 million overnight stays, registered a year-on-year increase of 1,435.6%; • Compared to March 2019, there were decreases in overnight stays, both from residents (-3.6%) and non-residents (-16.5%); Guests in tourist establishments, Portugal Overnights stays in tourist establishments, Portugal 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 March 2020 March 2021 March 2022 Total Non-residents Residents No. 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 March 2020 March 2021 March 2022 Total Non-residents Residents No. 1 It includes three types of accommodation: hotel establishments (hotels, apartment-hotels, tourist apartments, tourist villages, pousadas, and quintas da Madeira), local accommodation with 10 or more beds (according to the statistical threshold defined by EU Regulation 692/2011) and rural/lodging tourism.

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