Economy of Portugal
Economy of Portugal
Currency
1 Euro = 100 eurocent
Fiscal year
Calendar year
Trade
organisations
EU, WTO and OECD
Statistics
GDP
$229.881 billion (2006)
GDP growth
1.9% (year 2007)
GDP per capita $22,677 (2006 est.)
GDP by sector
agriculture (5.3%),
manufacturing (27.4%),
services (67.3%) (2005)
Inflation (CPI)
2.3% (2005)
Labour force
5.52 million (2005)
Labour force
by occupation
services (60%),
manufacturing (30%),
agriculture (10%) (1999 est.)
Unemployment 7.6% (2005)
Main
industries
textiles and footwear; wood
pulp, paper, and cork;
metals and metalworking; oil
refining; chemicals; fish
canning; rubber and plastic
products; ceramics;
electronics and
communications equipment;
rail transportation
equipment; aerospace
equipment; ship
construction and
refurbishment; wine;
tourism
External
Exports
$38.8 billion f.o.b (2005 est.)
Export goods
clothing and footwear,
machinery, chemicals, cork
and paper products, hides
Main export
partners
Spain 29%, Germany 13.4%,
France 8.5%, Italy 5.2%,
Netherlands 4.3%, UK 4.2%
(2005)
Imports
$60.35 billion f.o.b. (2005
est.)
Import goods
machinery and transport
equipment, chemicals,
petroleum, textiles,
agricultural products
Main import
partners
UK 36.8%, United States
13.8%, Germany 9.1%,
Netherlands 4.5% (2005)
Public finances
Public Debt
{{{debt}}}
Revenues
$78.84 billion (2005)
Expenses
$90.27 billion (2005)
Economic aid
donor: ODA, $271 million
(1995)
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US
dollars
The Economy of Portugal is a high income
market economy. The Global Competitiveness
Report 2008-2009 edition placed Portugal in
the 43rd position out of 134 countries and
territories.[1]
The major industries include: oil, petro-
chemistry, cement production, automotive
and ship industries, electrical and electronics
industries, machinery, pulp and paper in-
dustry, injection moulding, textile, footwear,
leather, furniture, ceramics, beverages and
food industry and cork (world’s largest pro-
ducer). Manufacturing ac