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Lidl Portugal Contributed Over €2bn To Portuguese Economy In 2018

Published on Jun 24 2019 8:34 AM in Retail tagged: Trending Posts / Portugal / Mercadona / KPMG / Lidl Portugal / Paywall

Lidl Portugal Contributed Over €2bn To Portuguese Economy In 2018

Lidl Portugal contributed an estimated €2.1 billion towards the Portuguese economy in 2018, which corresponds to 1% of the country's GDP, according to a study conducted by consultancy firm KPMG.

Over the past five years, the supermarket chain has directly and indirectly contributed more than €9 billion to Portugal's economy, achieving an annual growth of 6% since 2014 and creating around 46,300 jobs.

In 2018, for every €1 spent by the company, €1.77 was generated in benefit for the Portuguese economy, and for each job generated by Lidl, an additional 5.8 new jobs were created in Portugal, according to the study.

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