Portuguese One Euro coin
|
| Country | Portugal |
| Width | 150px |
| Caption | Portuguese One Euro coin |
| Currency | 1 Euro=100 eurocent |
| Year | Calendar year |
| Organs | EU, WTO and OECD |
| Gdp | $247 billion PPP (2010 est.) |
| Growth | 1.4% (2010 est.) |
| Per Capita | $23,000 (2010 est.) |
| Sectors | agriculture: 2.6%; industry: 23%; services: 74.5% (2010 est.) |
| Inflation | 1.1% (2010 est.) |
| Poverty | 18% (2006) |
| Gini | 38.5 (2007) |
| Edbr | 31st |
| Labor | 5.57 million (2010 est.) |
| Occupations | agriculture: 10%; industry: 30%; services: 60% (2007 est.) |
| Unemployment | 12.4 % (2011 est.) |
| Average Gross Salary | 894 - / 1,300 $, monthly (2010) |
| Industries | textiles, clothing, footwear, wood and cork, paper, chemicals, auto-parts manufacturing, base metals, dairy products, wine and other foods, porcelain and ceramics, glassware, technology, telecommunications; ship construction and refurbishment; tourism |
| Exports | $46.27 billion (2010 est.) |
| Export-goods | agricultural products, food products, oil products, chemical products, plastics and rubber, skins and leather, wood and cork, wood pulp and paper, textile materials, clothing, footwear, minerals and mineral products, base metals, machinery and tools, vehicles and other transport material, optical and precision instruments |
| Export-partners | Spain 26.25%, Germany 12.99%, France 12.04%, Angola 7.21%, United Kingdom 5.54% (2009) |
| Imports | $68.22 billion (2010 est.) |
| Import-goods | agricultural products, food products, oil products, chemical products, plastics and rubber, skins and leather, wood and cork, wood pulp and paper, textile materials, clothing, footwear, minerals and mineral products, base metals, machinery and tools, vehicles and other transport material, optical and precision instruments, computer accessories and parts, semi-conductors and related devices, household goods, passenger cars new and used, wine products |
| Import-partners | Spain 31.58%, Germany 12.41%, France 8.58%, Italy 5.55%, Netherlands 5.31% (2009) |
| FDI | $105.7 billion (31 December 2010 est.) |
| Gross External Debt | $497.8 billion (30 June 2010) 210% of GDP |
| Debt | 83.2% of GDP (2010 est.) |
| Revenue | $91.89 billion |
| Expenses | $106.8 billion (2009 est.) |
| Aid | donor: ODA, $271 million ( ) |
| Credit | *Standard & Poor's:
BBB- (Domestic)
BBB- (Foreign)
AAA (T&C Assessment)
Outlook: Negative
*Moody's:
A1
Outlook: Rating Under Review
*Fitch:
A-
Outlook: Negative / Rating Under Review |
| Reserves | US$22.931 billion (April 2011) |
| Cianame | po |
|
|
The Economy of Portugal is a high income mixed economy. The Global Competitiveness Report 2008-2009 edition placed Portugal in the 43rd position out of 134 countries and territories.
Most imports come from the European Union countries of Spain, Germany, France, Italy, and the United Kingdom. Most exports also go to other European Union member states. Portugal's central bank is the Banco de Portugal, which is part of the European System of Central Banks. The major stock exchange is the Euronext Lisbon which is part of the NYSE Euronext, the first global stock exchange.
The educational system remains underdeveloped and the country has been increasingly overshadowed by lower-cost producers in Central Europe and Asia as a target for foreign direct investment. These long-term problems have hindered much economic growth.
The Financial Crisis of 2008 is still affecting the Portuguese economy severely, causing a wide range of domestic problems specifically related to the levels of public deficit in the economy, as well as the excessive debt levels, soaring up to at least 223% of Portugal's GDP. Nonetheless, the government faces tough choices in its attempts to stimulate the economy, while attempting to maintain its public deficit around the EU average. In April 2011 Portugal Confirmed it will have a EU Financial bail-out from the European Union worth 80bn Euros ($115)(£70bn) Following Greece and the Republic of Ireland. It has been predicted that the Portuguese economy will not significantly recover until 2012.
|
|
|
RSS
