Lisbon is the financial and commercial centre of Portugal. Lisbon region is the wealthiest region producing around 45% of the Portuguese GDP. The economy of Lisbon is mainly based on the tertiary sector that covers a wide range of activities from administration to commerce, transport, financial and real estate activities, education, health etc.
The industries located on the south bank of the Tagus River include textile, footwear, leather, furniture, ceramics, cork, oil refineries, petrochemicals, cement, automotive, shipping, fishing, electronics and paper. The city is also developing in the science & technology sector and has an excellent mass media network.
Many multinational companies are headquartered in Lisbon, which increases the trade across the region. A large number of exports and imports pass through its harbour. The Port of Lisbon is one of the busiest ports in Europe.
Lisbon stock exchange, part of pan-European Euronext system, and Amsterdam, Brussels and Paris stock exchanges are tied with the NYSE (New York Stock Exchange) that forms an international NYSE Euronext group stock exchanges.
Tourism is another important source of income that attracts millions of visitors across the world to Lisbon. As per the 2018 report, around 4.5 million visitors visit Lisbon every year. According to a report by the magazine Monocle, the city was the 10th most livable city in the world in 2019.