Number of startups in Portugal grows 16% in 2024

December 16, 2024

The more than 4,000 startups have revenues of 2,602 million €, according to data from the study developed in partnership with Startup Portugal.

In 2024, Portugal had 4,719 startups, 16% more than in 2023, with a combined turnover of €2,602 million, according to data from a survey released by Startup Portugal, which shows that the community of this type of company “continues to grow”.

“After an increase of 11% in 2023 (compared to 2022), in 2024 there is again an increase of 17% in the number of startups, showing a fertile environment for innovation and creation of new businesses in Portugal”, states the report.

Compared to the previous year, the average monthly remuneration of startup workers in Portugal rose 17%, a value that the study’s promoters point out to be around 72% above the national average.

With headquarters in Portugal, OportoAccounting, our expert services are designed to support startups at every stage, from business setup and tax compliance to payroll management and HR consultancy. We help entrepreneurs focus on their business while we manage the operational complexities.

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