Editing Lisbon (section)

==Economy==
[[File:Avenida da Liberdade (22344060581) (cropped).jpg|thumb|[[Avenida da Liberdade]] is one of the [[List of most expensive streets by city|most expensive shopping streets in Europe]] and famous as a popular destination for [[luxury goods]] shopping.]]
The [[Grande Lisboa|Lisbon region]] is the wealthiest region in Portugal, with a GDP per capita of nearly €40,000, and it is well above the [[European Union]]'s [[GDP per capita]] average – it produces more than 31% of Portuguese GDP by 2023.<ref>{{cite web|title=Com a nova geografia territorial, a disparidade regional do PIB per capita, medida pela diferença entre as regiões com os índices mais elevado (Grande Lisboa) e mais baixo (Península de Setúbal), aumentou para 87 p.p. em 2022 (44 p.p. na anterior geografia) - 2023|url=https://www.ine.pt/xportal/xmain?xpid=INE&xpgid=ine_destaques&DESTAQUESdest_boui=646333651&DESTAQUESmodo=2|date= 17 December 2024|access-date= 22 December 2024|website=www.ine.pt}}</ref>

The Lisbon region is rapidly growing, with GDP (PPP) per capita calculated for each year as follows: €22,745 (2004)<ref>{{cite web |title=GDP per inhabitant in 2004 |url=http://epp.eurostat.ec.europa.eu/pls/portal/docs/PAGE/PGP_PRD_CAT_PREREL/PGE_CAT_PREREL_YEAR_2007/PGE_CAT_PREREL_YEAR_2007_MONTH_02/1-19022007-EN-AP.PDF |url-status=dead |archive-url=https://web.archive.org/web/20090326210729/http://epp.eurostat.ec.europa.eu/pls/portal/docs/PAGE/PGP_PRD_CAT_PREREL/PGE_CAT_PREREL_YEAR_2007/PGE_CAT_PREREL_YEAR_2007_MONTH_02/1-19022007-EN-AP.PDF |archive-date=26 March 2009 |access-date=17 November 2012 |publisher=Eurostat}}</ref> – €23,816 (2005)<ref>{{cite web |title=GDP per inhabitant in 2005 |url=http://epp.eurostat.ec.europa.eu/pls/portal/docs/PAGE/PGP_PRD_CAT_PREREL/PGE_CAT_PREREL_YEAR_2008/PGE_CAT_PREREL_YEAR_2008_MONTH_02/1-12022008-EN-AP.PDF |url-status=dead |archive-url=https://web.archive.org/web/20080216020135/http://epp.eurostat.ec.europa.eu/pls/portal/docs/PAGE/PGP_PRD_CAT_PREREL/PGE_CAT_PREREL_YEAR_2008/PGE_CAT_PREREL_YEAR_2008_MONTH_02/1-12022008-EN-AP.PDF |archive-date=16 February 2008 |access-date=17 November 2012 |publisher=Eurostat}}</ref> – €25,200 (2006)<ref>{{cite web |title=GDP per inhabitant in 2006 |url=http://epp.eurostat.ec.europa.eu/pls/portal/docs/PAGE/PGP_PRD_CAT_PREREL/PGE_CAT_PREREL_YEAR_2009/PGE_CAT_PREREL_YEAR_2009_MONTH_02/1-19022009-EN-AP.PDF |url-status=dead |archive-url=https://web.archive.org/web/20090325003726/http://epp.eurostat.ec.europa.eu/pls/portal/docs/PAGE/PGP_PRD_CAT_PREREL/PGE_CAT_PREREL_YEAR_2009/PGE_CAT_PREREL_YEAR_2009_MONTH_02/1-19022009-EN-AP.PDF |archive-date=25 March 2009 |access-date=17 November 2012 |publisher=Eurostat}}</ref> – €26,100 (2007).<ref>{{cite web |title=GDP per inhabitant in 2007 |url=http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/1-18022010-AP/EN/1-18022010-AP-EN.PDF |url-status=dead |archive-url=https://web.archive.org/web/20141109234659/http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/1-18022010-AP/EN/1-18022010-AP-EN.PDF |archive-date=9 November 2014 |access-date=17 November 2012 |publisher=Eurostat }}</ref> The Lisbon metropolitan area had a [[List of cities by GDP|GDP amounting to $110.4 billion]], and $32,434 per capita.<ref name="Brookings">{{cite web |date=22 January 2015 |title=Global Metro Monitor GDP 2014 |url=http://www.brookings.edu/research/reports2/2015/01/22-global-metro-monitor |url-status=live |archive-url=https://web.archive.org/web/20150321051346/http://www.brookings.edu/research/reports2/2015/01/22-global-metro-monitor |archive-date=21 March 2015 |access-date=16 February 2015 |publisher=Brookings Institution}}</ref>
[[File:Rio Arauca at the oil terminal in Lisboa (2017).jpg|thumb|The oil tanker ''Rio Arauca'' at the oil terminal in Lisboa to unload crude oil]]
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]], especially in the [[Oeiras Municipality, Portugal|Oeiras]] municipality. The [[Lisbon metropolitan area]] is heavily industrialized, especially the south bank of the [[Tagus]] river (Rio Tejo). The lisbonite industry has very large sectors in oil, as refineries are found just across the Tagus, textile mills, shipyards and fishing.
[[File:By the river (34263121734).jpg|thumb|right|The [[Port of Lisbon]] is one of the busiest ports in Europe.<ref>{{Cite web |url=http://www1.eurogate.de/en/Terminals/Lisbon |title=Eurogate Lisbon |access-date=9 November 2017 |archive-url=https://web.archive.org/web/20171110222025/http://www1.eurogate.de/en/Terminals/Lisbon |archive-date=10 November 2017 |url-status=live}}</ref>]]

The country's chief [[Port of Lisbon|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 [[newspaper of record|major newspapers]]. Based in Lisbon, [[Euronext Lisbon]] is a [[stock exchange]] which is part of the pan-European [[Euronext]] system of stock exchanges and market infrastructure.<ref>{{Cite web |title=Euronext {{!}} LinkedIn |url=https://www.linkedin.com/company/euronext |access-date=4 November 2023 |website=www.linkedin.com |language=en}}</ref>

Before Portugal's sovereign debt crisis and an [[Portuguese economic crisis of the 2010s|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 {{cvt|30|km|2}} 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.<ref>{{Cite web |url=http://www.cm-lisboa.pt/?idc=4 |title=Pequeno Resumo Histórico de Lisboa |archive-url=https://web.archive.org/web/20100420202721/http://www.cm-lisboa.pt/?idc=4 |archive-date=2010-04-20 }} – Câmara Municipal de Lisboa</ref>

The sovereign debt crisis exacerbated poor labor conditions and low purchasing power. Although the city modernized its infrastructure and experienced significant tourism growth and income, this reality was not proportionally reflected in the average living conditions. Prices generally increased, but wages did not follow this trend. Labor conditions remain far below the standards of the rest of the European Union (EU).<ref>{{cite web |title=Living and Working in Portugal |url=https://ec.europa.eu/eures/public/living-and-working |website=EURES |access-date=December 22, 2024}}</ref><ref>{{cite web |title=Porque é que os portugueses trabalham mais horas do que os outros europeus mas têm salários mais baixos? |url=https://sicnoticias.pt/programas/factos-que-contam/2024-11-12-porque-e-que-os-portugueses-trabalham-mais-horas-do-que-os-outros-europeus-mas-tem-salarios-mais-baixos--b514d113 |website=SIC Notícias |date=November 12, 2024 |access-date=December 22, 2024}}</ref><ref>{{cite web |title=Médicos e enfermeiros em Portugal fazem greve por aumento de salários |url=https://www.rfi.fr/br/europa/20240925-mais-mal-pagos-da-europa-m%C3%A9dicos-e-enfermeiros-em-portugal-fazem-greve-por-aumento-de-sal%C3%A1rios |website=RFI |date=September 25, 2024 |access-date=December 22, 2024}}</ref><ref>{{cite web |title=Acidentes de trabalho: Portugal é o pior entre 30 países europeus |url=https://eco.sapo.pt/2022/03/03/acidentes-de-trabalho-portugal-e-o-pior-entre-30-paises-europeus/ |website=ECO |date=March 3, 2022 |access-date=December 22, 2024}}</ref><ref>{{cite web |title=Portugal é o país europeu onde os trabalhadores se sentem mais insatisfeitos |url=https://observador.pt/2023/03/06/portugal-e-o-pais-europeu-onde-os-trabalhadores-se-sentem-mais-insatisfeitos/ |website=Observador |date=March 6, 2023 |access-date=December 22, 2024}}</ref>

Therefore, Lisbon is still the European capital with some of the lowest wages and purchasing power within the EU. Energy, electricity, gas, and fuel, as well as supermarkets and housing, are among the most expensive, even compared to the richest countries in Europe.<ref>{{cite web |title=Cost of Living in Lisbon |url=https://www.numbeo.com/cost-of-living/in/Lisbon |website=Numbeo |access-date=December 22, 2024}}</ref><ref>{{cite web |title=Cost of Living in Lisbon |url=https://www.expatistan.com/cost-of-living/lisbon |website=Expatistan |access-date=December 22, 2024}}</ref> The gap between the highest and lowest wages is the largest within the eurozone. The minimum wage can be as low as 6-7 euros per hour.<ref>{{cite web |title=Portugal é o 5.º país da UE com o salário médio mais baixo |url=https://observador.pt/2024/04/30/portugal-e-o-5-o-pais-da-ue-com-o-salario-medio-mais-baixo/ |website=Observador |date=April 30, 2024 |access-date=December 22, 2024}}</ref><ref>{{cite web |title=Salário mínimo tem vindo a subir muito, mas Portugal mantém-se longe do topo da União Europeia |url=https://cnnportugal.iol.pt/salario-minimo/portugal/salario-minimo-tem-vindo-a-subir-muito-mas-portugal-mantem-se-longe-do-topo-da-uniao-europeia/20240925/66f41c2bd34ea1acf26ebc71 |website=CNN Portugal |date=September 25, 2024 |access-date=December 22, 2024}}</ref> Due to these reasons, Lisbon has a high level of youth emigration, mostly to other European countries such as France, the UK, Luxembourg, Switzerland, and Belgium.<ref>{{cite news |title=Portugal's Youth Emigration Crisis |url=https://www.newsendip.com/portugal-youth-emigration-crisis |work=Newsendip |date=March 15, 2024 |access-date=December 22, 2024}}</ref><ref>{{cite news |title=High Youth Emigration from Portugal |url=https://www.theportugalnews.com/news/high-youth-emigration-from-portugal/ |work=The Portugal News |date=April 10, 2024 |access-date=December 22, 2024}}</ref><ref>{{cite web |title=Os melhores países da Europa para trabalhar e ganhar muito dinheiro |url=https://jornaleconomico.sapo.pt/noticias/os-melhores-paises-da-europa-para-trabalhar-e-ganhar-muito-dinheiro-300572/?photo=1 |website=Jornal Económico | date=May 2019 |access-date=December 22, 2024}}</ref>

Lisbon was the [[World's most livable cities#Most Liveable Cities Index|7th most "livable city" in the world]] in 2021 according to lifestyle magazine ''[[Monocle (2007 magazine)|Monocle]].''<ref>{{cite news |url=https://monocle.com/film/affairs/quality-of-life-survey-top-25-cities-2019/ |title=The Monocle Quality of Life Survey 2019 |work=Monocle |date=2019 |access-date=25 September 2020 |archive-date=1 March 2020 |archive-url=https://web.archive.org/web/20200301223340/https://monocle.com/film/affairs/quality-of-life-survey-top-25-cities-2019/ |url-status=live }}</ref>

Tourism is also a significant industry. The city is the ninth-most-visited city in [[Southern Europe]], after [[Istanbul]], [[Rome]], [[Barcelona]], [[Milan]], [[Athens]], [[Venice]], [[Madrid]] and [[Florence]] with 3,639,900 tourists in 2019.<ref>{{Cite web |title=Top 100 City Destinations: 2019 Edition {{!}} Euromonitor |url=https://go.euromonitor.com/white-paper-travel-2019-100-cities.html |access-date=24 August 2023 |website=Euromonitor International |language=en}}</ref><ref>{{Cite web |title=Lisbon, Portugal - Image of the Week - Earth Watching |url=https://earth.esa.int/web/earth-watching/image-of-the-week/content/-/article/lisbon-portugal/ |access-date=24 August 2023 |website=earth.esa.int}}</ref><ref>{{Cite web |title=Top 100 City Destinations: 2019 edition |url=https://go.euromonitor.com/rs/805-KOK-719/images/wpTop100Cities19.pdf}}</ref> In 2022 there were around 6 tourists for every resident.<ref>{{Cite web |date=14 May 2023 |title=What are the most and least 'over-touristed' capital cities in Europe? |url=https://www.euronews.com/travel/2023/05/14/beat-the-crowds-heres-which-european-capitals-officially-have-the-most-and-least-tourists |access-date=24 August 2023 |website=euronews |language=en}}</ref> The city is popular for both leisure and business tourism.<ref>{{Cite web |title=Lisbon is the sixth most popular city for business tourism |url=https://www.theportugalnews.com/news/lisbon-is-the-sixth-most-popular-city-for-business-tourism/49543 |access-date=24 August 2023 |website=www.theportugalnews.com |language=en}}</ref><ref>{{Cite web |title=Portugal named best tourism destination in Europe, 5th time in last six years |url=https://www.heraldnews.com/story/news/local/ojornal/2022/10/03/portugal-named-best-tourism-destination-europe-5th-time-last-six-years/8168012001/ |access-date=24 August 2023 |website=Fall River Herald News |language=en-US}}</ref> Around 7.7 million tourists visited Lisbon region in 2022 alone, with 71.1% of them being international tourists.<ref>{{Cite web|url=https://travelbi.turismodeportugal.pt/turismo-em-portugal/turismo-em-numeros-2022/|title=TravelBI by Turismo de Portugal - Turismo em Números - 2022|website=travelbi.turismodeportugal.pt|accessdate=18 November 2023}}</ref> It is estimated that tourist receipts will stand at 17.4 billion euros ([[€]]) in 2023.<ref>{{Cite web |last=Caetano |first=Edgar |title=Cada turista em Lisboa vai gastar este ano, em média, 911 euros. Turismo vai dar 17,4 mil milhões à economia (sem contar com a JMJ) |url=https://observador.pt/2023/03/06/cada-turista-em-lisboa-vai-gastar-este-ano-em-media-911-euros-turismo-vai-dar-174-mil-milhoes-a-economia-sem-contar-com-a-jmj/ |access-date=24 August 2023 |website=Observador |language=pt-PT}}</ref>