Compare Portugal (2007) - Portugal (2008)

Compare Portugal (2007) z Portugal (2008)

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	Portugal (2007)	Portugal (2008)

Budget	revenues: $81.9 billion expenditures: $89.49 billion (2006 est.)	revenues: $92.35 billion expenditures: $99.59 billion (2007 est.)
Debt - external	$368.2 billion (2006 est.)	$415.5 billion (30 June 2007)
Diplomatic representation from the US	chief of mission: Ambassador Alfred J. HOFFMAN Jr. embassy: Avenida das Forcas Armadas, 1600-081 Lisbon mailing address: Apartado 43033, 1601-301 Lisboa; PSC 83, APO AE 09726 telephone: [351] (21) 727-3300 FAX: [351] (21) 726-9109 consulate(s): Ponta Delgada (Azores)	chief of mission: Ambassador Thomas E. STEPHENSON embassy: Avenida das Forcas Armadas, 1600-081 Lisbon mailing address: Apartado 43033, 1601-301 Lisboa; PSC 83, APO AE 09726 telephone: [351] (21) 727-3300 FAX: [351] (21) 726-9109 consulate(s): Ponta Delgada (Azores)
Economy - overview	Portugal has become a diversified and increasingly service-based economy since joining the European Community in 1986. Over the past two decades, successive governments have privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. The country qualified for the European Monetary Union (EMU) in 1998 and began circulating the euro on 1 January 2002 along with 11 other EU member economies. Economic growth had been above the EU average for much of the 1990s, but fell back in 2001-06. GDP per capita stands at roughly two-thirds of the EU-25 average. A poor educational system, in particular, has been an obstacle to greater productivity and growth. Portugal has been increasingly overshadowed by lower-cost producers in Central Europe and Asia as a target for foreign direct investment. The budget deficit surged to an all-time high of 6% of GDP in 2005 but was reduced to 4.6% in 2006. The government faces tough choices in its attempts to boost Portugal's economic competitiveness while keeping the budget deficit within the eurozone's 3%-of-GDP ceiling.	Portugal has become a diversified and increasingly service-based economy since joining the European Community in 1986. Over the past two decades, successive governments have privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. The country qualified for the European Monetary Union (EMU) in 1998 and began circulating the euro on 1 January 2002 along with 11 other EU member economies. Economic growth had been above the EU average for much of the 1990s, but fell back in 2001-07. GDP per capita stands at roughly two-thirds of the EU-27 average. A poor educational system, in particular, has been an obstacle to greater productivity and growth. Portugal has been increasingly overshadowed by lower-cost producers in Central Europe and Asia as a target for foreign direct investment. The budget deficit surged to an all-time high of 6% of GDP in 2005, but the government estimates it at 3% in 2007 - a year ahead of Portugal's targeted schedule - thanks partly to deficit-cutting efforts. Nonetheless, the government faces tough choices in its attempts to boost Portugal's economic competitiveness while keeping the budget deficit within the eurozone's 3%-of-GDP ceiling.
Exchange rates	euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002)	euros per US dollar - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003)
GDP - composition by sector	agriculture: 8% industry: 25.8% services: 66.2% (2006 est.)	agriculture: 7.9% industry: 25.9% services: 66.2% (2007 est.)
GDP - real growth rate	1.3% (2006 est.)	1.7% (2007 est.)
Industrial production growth rate	0.9% (2006 est.)	1.8% (2007 est.)
Inflation rate (consumer prices)	3.1% (2006 est.)	2.4% (2007 est.)
International organization participation	ABEDA, AfDB, AsDB, Australia Group, BIS, CE, CERN, CPLP, EAPC, EBRD, EIB, EMU, ESA, EU, FAO, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAIA (observer), MIGA, NAM (guest), NATO, NEA, NSG, OAS (observer), OECD, ONUB, OPCW, OSCE, PCA, Schengen Convention, SECI (observer), UN, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNWTO, UPU, WCL, WCO, WEU, WFTU, WHO, WIPO, WMO, WTO, ZC	ABEDA, ADB (nonregional members), AfDB, Australia Group, BIS, CE, CERN, CPLP, EAPC, EBRD, EIB, EMU, ESA, EU, FAO, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAIA (observer), MIGA, NAM (guest), NATO, NEA, NSG, OAS (observer), OECD, OPCW, OSCE, PCA, Schengen Convention, SECI (observer), UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, Union Latina, UNMIT, UNWTO, UPU, WCL, WCO, WEU, WFTU, WHO, WIPO, WMO, WTO, ZC
Labor force	5.59 million (2006 est.)	5.62 million (2007 est.)
Legislative branch	unicameral Assembly of the Republic or Assembleia da Republica (230 seats; members are elected by popular vote to serve four-year terms) elections: last held 20 February 2005 (next to be held in February 2009) election results: percent of vote by party - PS 45.1%, PSD 28.7%, CDU 7.6%, PP 7.3%, BE 6.4%, other 4.9%; seats by party - PS 121, PSD 75, CDU 14, PP 12, BE 8	unicameral Assembly of the Republic or Assembleia da Republica (230 seats; members are elected by popular vote to serve four-year terms) elections: last held 20 February 2005 (next to be held in Fall 2009) election results: percent of vote by party - PS 45.1%, PSD 28.7%, CDU 7.6%, PP 7.3%, BE 6.4%, other 4.9%; seats by party - PS 121, PSD 75, CDU 14, PP 12, BE 8
Pipelines	gas 1,099 km; oil 8 km; refined products 174 km (2006)	gas 1,098 km; oil 11 km; refined products 188 km (2007)
Political parties and leaders	Green Ecologist Party or PEV [Heloisa Augusta Baiao de Brito APOLONIA]; Popular Party or PP [Paulo PORTAS]; Portuguese Communist Party or PCP [Jeronimo DE SOUSA]; Portuguese Socialist Party or PS [Jose SOCRATES Carvalho Pinto de Sousa]; Social Democratic Party or PSD [Luis Manuel Goncalves Marques MENDES]; The Left Bloc or BE [Franciso Anacleto LOUCA]; Unitarian Democratic Coalition or CDU [Jeronimo DE SOUSA] (includes PEV and PCP)	Democratic and Social Center/Popular Party or CDS/PP [Paulo PORTAS]; Green Ecologist Party or PEV [leadership commission elected by members]; Portuguese Communist Party or PCP [Jeronimo DE SOUSA]; Portuguese Socialist Party or PS [Jose SOCRATES Carvalho Pinto de Sousa]; Social Democratic Party or PSD [Luis Filipe MENEZES]; The Left Bloc or BE [Franciso Anacleto LOUCA]; Unitarian Democratic Coalition or CDU [Jeronimo DE SOUSA] (includes PEV and PCP)
Telephone system	general assessment: Portugal's telephone system has achieved a state-of-the-art network with broadband, high-speed capabilities domestic: integrated network of coaxial cables, open-wire, microwave radio relay, and domestic satellite earth stations international: country code - 351; 6 submarine cables; satellite earth stations - 3 Intelsat (2 Atlantic Ocean and 1 Indian Ocean), NA Eutelsat; tropospheric scatter to Azores; note - an earth station for Inmarsat (Atlantic Ocean region) is planned (1998)	general assessment: Portugal's telephone system has achieved a state-of-the-art network with broadband, high-speed capabilities domestic: integrated network of coaxial cables, open-wire, microwave radio relay, and domestic satellite earth stations international: country code - 351; a combination of submarine cables provide connectivity to Europe, North and East Africa, South Africa, the Middle East, Asia, and US; satellite earth stations - 3 Intelsat (2 Atlantic Ocean and 1 Indian Ocean), NA Eutelsat; tropospheric scatter to Azores; note - an earth station for Inmarsat (Atlantic Ocean region) is planned (1998)
Unemployment rate	7.6% (2006 est.)	8% (2007 est.)

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