Editing Porto (section)

==Economy==
[[File:Cave do Vinho do Porto 03.jpg|thumb|Barrels of port wine aging: the fortified wine is the best-known of the city's exports]]
{{Further|topic=the international company that develops digital banking platforms|ebankIT}}
Porto plus the [[conurbation]] to which it belongs and has Porto municipality as its central core forming the nucleus of the conurbation, is a major industrial and financial center of both Portugal and the Iberian Peninsula. As the most important city in the heavily industrialized northwest, many of the largest Portuguese corporations from diverse [[Economy|economic sectors]], like [[Altri]], [[Ambar – Ideas on Paper S.A.|Ambar]], [[Corticeira Amorim|Amorim]], [[Bial]], [[Banco Português de Investimento|BPI]], [[Cerealis]], [[Corporação Industrial do Norte|CIN]], [[Cofina]], [[EFACEC]], [[Frulact]], [[Lactogal]], [[Banco Comercial Português|Millennium bcp]], Porto [[Porto Editora|Editora]], [[Grupo RAR|RAR]], [[Sonae]], [[Sonae Indústria]], and [[Super Bock Group]], are headquartered in the [[Greater Metropolitan Area of Porto]], most notably, in the core municipalities of [[Maia (city)|Maia]], [[Matosinhos]], Porto, and [[Vila Nova de Gaia]].

The city's former [[stock exchange]] ([[Euronext Lisbon|Bolsa do Porto]]) was transformed into the largest [[Futures exchange|derivatives exchange]] of Portugal, and merged with [[Euronext Lisbon|Lisbon Stock Exchange]] to create the [[Euronext Lisbon|Bolsa de Valores de Lisboa e Porto]], which eventually merged with [[Euronext]], together with Amsterdam, Brussels and Paris stock and [[futures exchange]]s. The building formerly hosting the stock exchange is currently one of the city's touristic attractions, with the Salão Árabe (Arab Room in English) being its major highlight. The [[Banco Português de Fomento]] (BPF), a Portuguese state-owned development bank established in 2020, is headquartered in Porto.

Porto hosts a popular Portuguese newspaper, ''[[Jornal de Notícias]]''. The building where its offices are located (which has the same name as the newspaper) was at a time one of the tallest in the city (it has been superseded by a number of modern buildings which have been built since the 1990s).{{Citation needed|date=November 2008}}
[[File: POR Porto Jardim Oliveiras 07.jpg|thumb|Shopping area near the [[Clérigos Church|Clérigos Tower]].]]
[[Porto Editora]], one of the biggest Portuguese publishers, is also located in Porto. Its dictionaries are among the most popular references used in the country, and the translations are very popular as well.

The economic relations between the city of Porto and the Upper [[Douro]] River have been documented since the [[Middle Ages]]. However, they were greatly deepened in the modern age. {{Citation needed|date=November 2008}} Indeed, [[sumac]]h, dry fruits and [[Nut (fruit)|nut]]s and the Douro [[olive oil]]s sustained prosperous exchanges between the region and Porto. From the riverside quays at the river mouth, these products were exported to other markets of the [[Old World|Old]] and [[New World]]. However, the greatest lever to interregional trade relations resulted from the commercial dynamics of the [[Port wine]] (''Vinho do Porto'') agro-industry. {{Citation needed|date=November 2008}} It decidedly bolstered the complementary relationship between the large coastal urban centre, endowed with open doors to the sea, and a region with significant agricultural potential, especially in terms of the production of extremely high quality [[fortified wine]]s, known by the world-famous label ''Port''. The development of Porto was also closely connected with the left margin of River Douro in [[Vila Nova de Gaia]], where is located the amphitheater-shaped slope with the Port wine cellars.

[[File:Vila Nova de Gaia from Porto (6847153331).jpg|thumb|South side of Douro, Vila Nova de Gaia]]
The city is very much the gateway to Portugal's northern region as well as the northern and western areas of Spain. Within a two-hour drive of Porto's airport, there are four Unesco World Heritage sites and popular Spanish tourist hotspots such as Santiago de Compostela.
In a study concerning [[Competition (companies)|competitiveness]] of the 18 Portuguese district capitals, Porto was the worst-ranked. The study was made by [[Minho University]] economics researchers and was published in [[Público (Portugal)|Público]] newspaper on 30 September 2006. The best-ranked cities in the study were [[Évora]], Lisbon, and [[Coimbra]].<ref>[http://www.publico.clix.pt/shownews.asp?id=1271886&idCanal=63z Publico.pt – Índice de competitividade coloca Évora no topo e Porto em último] {{Webarchive |url=https://web.archive.org/web/20070311121939/http://www.publico.clix.pt/shownews.asp?id=1271886&idCanal=63z |date=11 March 2007 }} Pedro Ribeiro – 30 September 2006</ref> Nevertheless, the validity of this study was questioned by some Porto notable figures (such as local politicians and businesspersons) who argued that the city proper does not function independently but in conurbation with other municipalities.<ref>Coentrão, Abel [http://jornal.publico.clix.pt/noticias.asp?a=2006&m=10&d=06&uid=&id=101004&sid=11148 Quanto vale o Grande Porto?] {{webarchive |url=https://web.archive.org/web/20070311071227/http://jornal.publico.clix.pt/noticias.asp?a=2006&m=10&d=06&uid=&id=101004&sid=11148 |date=11 March 2007 }} — Publico.pt</ref> A 2007 ranking published in ''[[Expresso (Portuguese newspaper)|Expresso]]'' ranked Porto as the third best city to live in Portugal – tied with [[Évora]] and below [[Guimarães]] and [[Lisbon]].<ref>{{cite web |url=http://clix.semanal.expresso.pt/imagens/ed1784/fotos/pdfs/IPDF-u0321.pdf |archive-url=https://web.archive.org/web/20080216053252/http://clix.semanal.expresso.pt/imagens/ed1784/fotos/pdfs/IPDF-u0321.pdf |url-status=dead |archive-date=16 February 2008 |title=Classificação Expresso das melhores cidades portuguesas para viver em 2007}}&nbsp;{{small|(66.5&nbsp;KB) }}</ref> 

The Porto metropolitan area had a GDP amounting to €43.1 billion ($46.6 billion) and €24,075 ($25,989) per capita in 2023.<ref>{{cite web |access-date=14 January 2025 |title=Produto interno bruto (B.1*g) a preços correntes (Base 2021 - €) por Localização geográfica (NUTS - 2024); Anual |url=https://www.ine.pt/xportal/xmain?xpid=INE&xpgid=ine_indicadores&indOcorrCod=0014131&contexto=bd&selTab=tab2 |website=www.ine.pt |archive-date=14 February 2025 |archive-url=https://web.archive.org/web/20250214134138/https://www.ine.pt/xportal/xmain?xpgid=ine_indicadores&indOcorrCod=0014131&contexto=bd&selTab=tab2&xpid=INE |url-status=live }}<!-- auto-translated by Module:CS1 translator --></ref><ref>{{cite web |access-date=14 January 2025 |url=https://www.ine.pt/xportal/xmain?xpid=INE&xpgid=ine_indicadores&indOcorrCod=0014103&contexto=bd&selTab=tab2 |title=Produto interno bruto (B.1*g) por habitante a preços correntes (Base 2021 - €) por Localização geográfica (NUTS - 2024); Anual |website=www.ine.pt |archive-date=16 January 2025 |archive-url=https://web.archive.org/web/20250116220647/https://www.ine.pt/xportal/xmain?xpid=INE&xpgid=ine_indicadores&indOcorrCod=0014103&contexto=bd&selTab=tab2 |url-status=live }}<!-- auto-translated by Module:CS1 translator --></ref><ref>{{cite journal |access-date=2 December 2023 |title=US dollar (USD) |url=https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/eurofxref-graph-usd.en.html |website=ecb.pt |archive-date=1 December 2023 |archive-url=https://web.archive.org/web/20231201143849/https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/eurofxref-graph-usd.en.html |url-status=live }}</ref>

===Tourism===
[[File:Ribera area along the river Duoro, Porto, Portugal, 2019.jpg|thumb|The Ribeira area along the river Douro, part of the UNESCO World Heritage Site]]
Over the last few years, Porto has experienced significant tourism increases, which may be partly linked to the [[Ryanair]] hub at Francisco de Sá Carneiro Airport. Porto won the European Best Destination 2012, 2014 and 2017 awards.<ref name="test">{{cite web |url=http://www.europeanbestdestinations.org/top/europe-best-destinations-2014/ |title=Europe's best destinations 2014 – Europe's Best Destinations |work=europeanbestdestinations.org |access-date=26 May 2014 |archive-date=28 May 2014 |archive-url=https://web.archive.org/web/20140528005838/http://www.europeanbestdestinations.org/top/europe-best-destinations-2014/ |url-status=live }}</ref>

The city received 2.8&nbsp;million overnight visitors and 1.4&nbsp;million day trippers between January and November 2017, with 73% from other countries. Tourism revenue has been increasing by over 11%, according to a 2018 report.<ref>{{Cite web |url=https://www.fdiintelligence.com/Special-Reports/Tourists-and-real-estate-investors-home-in-on-Porto |archive-url=https://web.archive.org/web/20190926200213/https://www.fdiintelligence.com/Special-Reports/Tourists-and-real-estate-investors-home-in-on-Porto |url-status=dead |archive-date=26 September 2019 |title=Tourists and real estate investors home in on Porto }}</ref>

According to a February 2019 report, over 10% of economic activity in Porto is generated by tourism.<ref>{{Cite web |url=https://portoevents.com/porto-growth-in-visitors-for-for-tourism-conferences/ |title=Porto enjoys rapid growth in visitors in 2018 for tourism & conferences |access-date=26 September 2019 |archive-date=26 September 2019 |archive-url=https://web.archive.org/web/20190926201845/https://portoevents.com/porto-growth-in-visitors-for-for-tourism-conferences/ |url-status=live }}</ref> The hotel occupancy rate in 2017 was 77%.<ref>{{Cite web |url=https://www.statista.com/statistics/545304/hotel-occupancy-rate-porto/ |title=Porto hotel occupancy rate 2011–2019 |website=Statista |access-date=26 September 2019 |archive-date=2 October 2024 |archive-url=https://web.archive.org/web/20241002235203/https://www.statista.com/statistics/545304/hotel-occupancy-rate-porto/ |url-status=live }}</ref> A scholarly study published in June 2019 stated that "Porto is one of the fastest-growing European tourist destinations that has experienced
exponential growth in the demand for city-break tourists".<ref>{{Cite web |url=http://ottomanjournal.com/issue/2019/2019_vol.4issue2_2.pdf |title=Urban Tourist Motivations in the City of Porto |access-date=26 September 2019 |archive-date=26 September 2019 |archive-url=https://web.archive.org/web/20190926202407/http://ottomanjournal.com/issue/2019/2019_vol.4issue2_2.pdf |url-status=live }}</ref>

The most popular tourist attractions in the city include the Porto Cathedral, Dom Luís I Bridge, [[Café Majestic]], [[Livraria Lello]] and Jardins do Palácio de Cristal.<ref>{{Cite web |url=https://www.travellerselixir.com/things-to-do-in-porto/, |title=15 Best Things To Do In Porto In 2023 (Written By A Local) |website=Traveller's Elixir |date=4 February 2023 |access-date=14 October 2023 |archive-date=2 October 2024 |archive-url=https://web.archive.org/web/20241002235205/https://www.travellerselixir.com/things-to-do-in-porto/ |url-status=live }}</ref>