Ratio of currency in circulation (CIC) to GDP of Portugal 2010-2022
Currency in circulation, or the amount of coins and banknotes, made up roughly 16 percent of GDP in Portugal, a value roughly comparable to previous years.This so-called CIC/GDP ratio roughly measures the use of cash money in the country. Due to the anonymity of cash transactions, sources struggle to find exact volumes on this. The ratio mentioned here is quite popular in that regard, as the data it needs is relatively easy to find. Some industry experts mention, however, that this ratio is too general and does not necessarily reflect retail payments.
