The Social Economy currently accounts for approximately 5% of Portugal's Gross Domestic Product (GDP), but its true economic weight is underestimated, according to Óscar Afonso, a professor at the University of Porto's Faculty of Economics.
Afonso, participating in the Mais Social Congress in Câmara de Lobos, explained that current indicators like added value and employment primarily capture direct economic effects. He contends that the social, indirect, and induced impacts are not adequately measured, leading to an undervaluation of the sector.
The economist noted that the sector tends to gain prominence during economic crises, acting as a "social cushion." He stated, "During market economy crises, the Social Economy grows," and anticipates its influence may increase if economic difficulties worsen.
