Portugal FlagPortugal

Beware Of A Man That Does Not Talk And A Dog That Does Not Bark.

 

General


Population: 10,813,834 (2014), 10,799,270 (2013)
Land Area: 92,321 sq km
Natural Resources: Fish, forests, iron ore, copper, zinc, tin, tungsten, silver, gold, uranium, marble, clay, gypsum, salt, arable land, hydro power
Capital: Lisbon
Political System: Republic; Parliamentary Democracy
State Leader: Anibal Cavaco Silva (March 9th 2006)
Head of Government: Pedro Passos Coelho (June 21st 2011)
Languages: Portuguese, Mirandese
Currency: Euro (EUR)
Major Religions: Roman Catholic 84.5%, Other Christian 2.2%, Other 0.3%, Unknown 9%, None 3.9%
Major Ethnicities: Portuguese, Very small minorities from Africa and Eastern Europe
Life Expectancy: 79.01 years (2014), 78.85 years (2013)

Economy


GDP Official Exchange Rate: 219.3 billion (2013), 212.7 billion (2012)
GDP Purchasing Power Parity: 243.3 billion (2013), 250.6 billion (2012)
GDP Per Capita (PPP): 22,900 (2013), 23,800 (2012)
GDP Growth Rate: -1.8% (2013), -3.2% (2012)
GDP Structure: Agriculture 2.6%, Industry 22.2%, Services 75.2% (2013)
Labour Force By Occupation: Agriculture 11.7%, Industry 28.5%, Services 59.8% (2009)
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
Agriculture Products: Grain, potatoes, tomatoes, olives, grapes; sheep, cattle, goats, swine, poultry, dairy products; fish
Human Development Index: 0.822 (41st)(2014), 0.816 (43rd)(2013)
Tourism Revenue: 8.922 billion (2004)
Unemployment Rate: 16.8% (2013), 15.7% (2012)

MilitaryPortugal Map


Army Size: 44 900 (2004)
Budget: 2.3% of GDP (2005)

Current Situation

 

Portugal is located in Western Europe. Portugal's only neighbor is Spain. Portugal's economy is largely based on the industrial and services sector, with important automotive and software sectors. Tourism is also a major part of the economy.

(2013) Portugal's economy has been contracting for a second year and this contraction will continue in 2013, the government must solve its budget deficit issues and also reach an agreement on its debts.

(2014) Portugal is hoping to make it out of 2014 with a slight increase in it's GDP, however much work remains to be done to shore up the economy and also the government's finances. It remains to be seen if the Prime Minister will be able to hold on to his job in 2015.

Thoughts & Comments

 

Sources

CIA World Factbook: Portugal
The Economist: The World In 2014
Wikipedia: Portugal
http://hdrstats.undp.org/en/countries/profiles/PRT.html

Updated on: December 12th, 2014