Between 2013 and 2019, the number of large companies in Portugal grew by 35%, from 958 to 1291. But according to the study “Prospective analysis of the impact of the growth of large companies in Portugal”, in 2019 there would be 150 new companies as in our country large firms would have been born, their contribution would have been another 4% to gross value added at market prices (GVApm) and 5% to tax revenue. For export, the contribution of these companies would have been 10%.
The data was presented this Monday at the conference “Querer e Crescer: Ideas to Accelerate Portugal’s Growth” organized by the Business Roundtable Portugal Association (ABRP) and reveal that it is the big companies that are driving national economic growth.
For example, research by Nova IMS, conducted in collaboration with ABRP, also shows that the 259 large companies established between 2016 and 2019 contributed with a GVApm 10 times greater than that of an average company, i.e. they had a production 3.7 times larger than a medium-sized company.
In terms of wages, it was the big companies that spent the most on workers. According to the document, an average of about 31 thousand euros was spent per employee, which means that a large company spent 30% more than an average company and 70% more than a small company.
And in research and development projects, between 2016 and 2019, there was an average investment of six times higher by large companies – compared to what was done by medium-sized companies.
For the researcher responsible for this study, taking only 1% of companies in Portugal (all large and some medium-sized) “it is possible to verify that there is a cross-cutting contribution: more economy, more employment, more state “. “These 1% of companies represent 57% of the gross value added in Portugal, almost half of the salary, two thirds of the social security contributions. It is also these companies that are system integrators,” emphasized Bruno Damásio, who explained that it is these companies that allow link “Portugal to the world and connect to the future”, anticipating.
The report also analyzed the perspective of 150 medium-sized companies – from the most productive sectors – moving to large companies and reveals that total tax revenues would increase by 5% and exports by 3% in this situation.
“We saw during this exercise that 150 new companies would mean significant gains in our economy. Imagine the impact that 600 extra large companies would have, which would not only produce more and create more wealth, but also pay better wages, provide greater well-being and social prosperity and would contribute more to the country’s sustainable growth,” said António Rios Amorim, Vice President of ABRP.
For his part, the president of Bussiness Roundable Portugal guarantees that the path for the development of Portugal has already been paved by the association, with the support of the 42 major associated companies and other partners.
“Together we have been working to develop proposals for solutions for those who represent the main challenges for the growth of companies and the country: we want more qualified people, more growth and more competitiveness of companies, and a more efficient state,” said Vasco de Mello, which guarantees the association’s commitment to support the growth of our country.
Mónica Costa is a journalist for Dinheiro Vivo
Source: DN
