SYNTHESIS INE@COVID-19, 29-Nov-2021

November . 29 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 7/9 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt The GVA of foreign affiliates decreased less (-7.3%) than that of national companies (-11.5%) In 2020: • The number of national companies increased by 2.1%, but the year was marked by the effects of the COVID-19 pandemic, with decreases of 11.5% in gross value added (GVA) and 10.2% in turnover (+3.6% and +2.5% in 2019, respectively); • Personnel expenses in national companies also recorded a decrease of 1.9% (+6.8% in 2019); • There were 9,101 foreign affiliates in Portugal (+1.6% compared to 2019), corresponding to 2.0% of total non-financial companies; • The GVA of foreign affiliates in Portugal decreased by 7.3% (+13.8% in 2019), corresponding in nominal terms to a total of €24 billion. The GVA of national companies decreased by 11.5% (+3.6% in 2019); Turnover, 2018-2020 Gross value added, 2018-2020 • Foreign affiliates employed around 571 thousand people (17.8% of the total number of employees in non-financial companies). Each foreign affiliate employed an average of 63 people, much more than national companies (6 people); • Apparent labour productivity of foreign affiliates was 73.1% higher than that of national companies, at €42,225; Apparent labour productivity (€) 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 2018 2019 2020 (p) Non-financial companies Foreign affiliates Na�onal companies Non-financial companies Foreign affiliates Na�onal companies 0 20,000 40,000 60,000 80,000 100,000 120,000 2018 2019 2020 ( p ) 10 6 € Non-financial companies Foreign affiliates Na�onal companies 27,565 42,225 24,398 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

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