Portuguese well-being index stands at its highest since 2004
The life-quality of the Portuguese continues improving, according to INE. The index that measures populations' well-being registers the best improvement since there is a record, that is, since 2004.
The Well-Being Index in Portugal continues its upward trend since 2004. Material living conditions are also recovering, which has been occurring since 2013. Statistic Portugal’s numbers, disclosed this Friday, show that in 2016, the index may have reached its highest level since there are records, standing at 123.7%.
"The Well-being index in Portugal recorded positive developments between 2004 and 2011, reaching 108.6 in 2011. By 2012 the index reduced to 107.7, having recovered the following year and reaching 119.1 in 2015. It is estimated that in 2016 reaches 123.7.”
This index that measures populations’ well-being is based on Material Living Conditions and Quality of Life indexes. Between 2004 and 2013, both indexes evolved in opposite directions – Material Living Conditions decreased as Quality of Life increased. From 2014 onward, there was a reversion of material conditions, and a positive evolution began.
The evolution of the Well-Being Index in Portugal
Between 2004 and 2008, the Quality of Life increased 8.8 percentage points. From then on, and until 2015, the indicator presented a 23.5 percentage points’ evolution. Statistics Portugal foresees that the total evolution is 37.4 percentage points.
As for the Material Living conditions, the decrease registered before the crisis was 4.1 percentage points, between 2004 and 2008. Between 2008 and 2015, there was a 7.6 percentage points’ fall, in spite of the recovery from 2014 onward.
