Poverty is not a gender neutral condition as the number of poor women exceeds that concerning men and women and men experience poverty in distinctive ways. This paper discusses the relevance of incorporating a gender perspective in poverty studies and provides a portrait of poverty among women in Portugal. Following a multi-dimensional concept of poverty, the methodology used comprises a cross-sectional and a dynamic analysis of poverty, using data from ECHP (1995 – 2001). The results point to the importance of various factors contributing to women’s vulnerability to poverty, such as issues related to labor market, lone motherhood, ageing and education.