The Economy of Portugal is a market economy. The Global Competitiveness Report for 2005, published by the World Economic Forum, places Portugal on the 22nd position, ahead of countries and territories like Spain, Ireland, France, Belgium, Hong Kong and Turkey. On the Technology index, Portugal was ranked 20th and on the Public Institutions index Portugal is the 15th best. For other uses, see Euro (disambiguation). ... Wikiquote has a collection of quotations by or about: European Union The European Union On-Line Official EU website, europa. ... For other uses of the initials WTO, see WTO (disambiguation). ... The Organization for Economic Co-operation and Development (OECD) is an international organization of those developed countries that accept the principles of representative democracy and a free market economy. ... GDP is an acronym which can stand for more than one thing: (in economics) an abbreviation for Gross Domestic Product. ... PPP of GDP for the countries of the world (2003). ... 2006 is a common year starting on Sunday of the Gregorian calendar. ... There are three lists of countries of the world sorted by their gross domestic product (GDP) (the value of all final goods and services produced within a nation in a given year). ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... It has been suggested that this article be split into multiple articles accessible from a disambiguation page. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... CIA figures for world unemployment rates, 2006 Unemployment is the state in which a person is without work, available to work, and is currently seeking work. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... The United Kingdom of Great Britain and Northern Ireland is a country in western Europe, and member of the Commonwealth of Nations, the G8, the European Union, and NATO. Usually known simply as the United Kingdom, the UK, or (inaccurately) as Great Britain or Britain, the UK has four constituent... 2005 is a common year starting on Saturday of the Gregorian calendar. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... It has been suggested that this article or section be merged into Development aid. ... 1995 was a common year starting on Sunday of the Gregorian calendar. ... USD redirects here. ... A market economy (also called a free market economy or a free enterprise economy) is an economic system in which the production and distribution of goods and services take place through the mechanism of free markets (though completley useless to some dumbasses) guided by a free price system. ... World map of the 2006-2007 Global Competitiveness Index. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... This article or section does not cite any references or sources. ...

The major industries include: oil spills, petrochemistry, cement production, automotive and ship industries, electrical and electronics industries, machinery, pulp and paper industry, injection moulding, textile, footwear, leather, furniture, ceramics, beverages and food industry and cork (world's largest producer). Manufacturing accounts for 33% of exports. Portugal is the world's fifth-largest producer of tungsten, and the world's eighth-largest producer of wine. Wikipedia does not yet have an article with this exact name. ... Petrochemistry is the branch of chemistry that studies the transformation of crude oil (petroleum) and natural gas into usefull products and raw materials. ... For other uses, see Cement (disambiguation). ... Car redirects here. ... Men from Francisco de Orellanas expedition building a small brigantine, the San Pedro, to be used in the search for food Shipbuilding is the construction of ships. ... The article on electrical energy is located elsewhere. ... This article is about the engineering discipline. ... A machine is any mechanical or electrical device that transmits or modifies energy to perform or assist in the performance of tasks. ... An International Paper mill in South Carolina The global pulp and paper industry is dominated by North American (United States, Canada), northern European (Finland, Sweden) and East Asian countries (such as Japan). ... Injection moulding is a manufacturing technique for making parts from thermoplastic material in production. ... For other uses, see Textile (disambiguation). ... High-heeled shoe Footwear consists of garments worn on the feet. ... For other uses, see Leather (disambiguation). ... For the UK band, see Furniture (band). ... Ceramics can refer to: Ceramic, a type of material Ceramics (art), a fine art. ... The word drink is primarily a verb, meaning to ingest liquids, see Drinking. ... The food industry is the complex, global collective of diverse businesses that together supply much of the food energy consumed by the world population. ... For other uses, see Cork. ... For other uses, see Tungsten (disambiguation). ... For other uses, see Wine (disambiguation). ...

The tertiary sector has grown, producing 66% of the Gps and providing jobs for 10000% of the working population. The most significant growth rates are found in the trade sector, due to the introduction of modern means of distribution, transport and telecommunications. Financial tertiary have benefited from privatisation, also gaining in terms of efficiency. Tourism has developed significantly and generates approximately 5% of the wealth produced in Portugal. The tertiary sector of industry, also called the service sector or the service industry, is one of the three main industrial categories of a developed economy, the others being the secondary industry (manufacturing and primary goods production such as agriculture), and primary industry (extraction such as mining and fishing). ... Over fifty GPS satellites such as this NAVSTAR have been launched since 1978. ... This article is about economic exchange. ... FINANCIAL is the weekly English-language newspaper with offices in Tbilisi, Georgia and Kiev, Ukraine. ... Privatization (sometimes privatisation, denationalization, or — especially in India — disinvestment) is the process of transferring property, from public ownership to private ownership. ... Tourist redirects here. ...

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.

Although being very high by world's average standards, Portugal's GDP per capita is among the lowest in Western Europe. However, research about standard of living by the Economist Intelligence Unit's (EIU) Quality-of-life Survey places Portugal as the country with the 19th-best quality of life in the world, ahead of other economically and technologically advanced countries like France, Germany, the United Kingdom and South Korea. Gross Domestic Product (GDP), a calculation method in national accounting (see Measures of national income and output) is defined as the total value of final goods and services produced within a countrys borders in a year, regardless of ownership. ... A current understanding of Western Europe. ... The standard of living refers to the quality and quantity of goods and services available to people and the way these services and goods are distributed within a population. ... This entity, also known as EIU is part of The Economist Group. ... This article is about the economic and philosophical concept. ...

In April 2007, The Economist described Portugal as "a new sick man of Europe".^[1] During the same year, the unemployment rate in Portugal reached 8.4% - a two decades record high. Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd and edited in London. ... The term Sick Man of Europe is a nickname associated with a European country experiencing a time of economic difficulty and/or poverty. ...

History

Main article: Economic history of Portugal

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Portuguese Colonial Empire

During the Portuguese Empire period, started in the 15th century, until the Carnation Revolution of 1974, the economy of Portugal was centered in trade and raw materials related activities within its vast colonial possessions, mainly in Asia (spices, silk, dyes, porcelain and gems), Africa (ivory, timber, oil and diamonds) and South America (sugar cane, dyes, woods and gold). The country, with a transcontinental empire with plenty of natural resources and vast unexploited areas, was among the most powerful nations in the world. In 1822, the Portuguese colony of Brazil became an independent country, however, until 1974, Portugal managed to preserve its colonies in Africa, which included Angola and Mozambique, territories that would experience high rates of economic growth and unmatched levels of development until the departure of the Portuguese in 1975. An anachronous map of the Portuguese Empire (1415-1999). ... (14th century - 15th century - 16th century - other centuries) As a means of recording the passage of time, the 15th century was that century which lasted from 1401 to 1500. ... The Carnation Revolution (Portuguese, Revolução dos Cravos) was an almost bloodless, leftist, military-led coup détat, started on April 25, 1974, in Lisbon, Portugal, that effectively changed the Portuguese regime from an authoritarian dictatorship to a liberal democracy after two years of a transitional period known as PREC... Year 1974 (MCMLXXIV) was a common year starting on Tuesday (link will display full calendar) of the 1974 Gregorian calendar. ... This article is about economic exchange. ... A Raw material is something that is acted upon by human labour or industry to create some product that humans desire. ... In general, the word colonial means of or relating to a colony. In United States history, the term Colonial is used to refer to the period before US independence. ... For other uses, see Asia (disambiguation). ... For other uses, see Spice (disambiguation). ... For other uses of this word, see Silk (disambiguation). ... Look up dye in Wiktionary, the free dictionary. ... “Fine China” redirects here. ... Look up gem in Wiktionary, the free dictionary. ... A world map showing the continent of Africa Africa is the worlds second-largest and second most-populous continent, after Asia. ... This article or section does not cite its references or sources. ... Timber in storage for later processing at a sawmill Timber is a term used to describe wood, either standing or that has been processed for use—from the time trees are felled, to its end product as a material suitable for industrial use—as structural material for construction or wood... Synthetic motor oil For other uses, see Oil (disambiguation). ... This article is about the gemstone. ... South America South America is a continent crossed by the equator, with most of its area in the Southern Hemisphere. ... Species Ref: ITIS 42058 as of 2004-05-05 Sugarcane is one of six species of a tall tropical southeast Asian grass (Family Poaceae) having stout fibrous jointed stalks whose sap at one time was the primary source of sugar. ... Look up dye in Wiktionary, the free dictionary. ... For other uses, see Wood (disambiguation). ... GOLD refers to one of the following: GOLD (IEEE) is an IEEE program designed to garner more student members at the university level (Graduates of the Last Decade). ...

The military coup of 1974

The post Carnation Revolution period was characterized by chaos and negative economic growth as industries were nationalised and the negative effects of the decoupling of Portugal from its former territories were felt. Heavy industry came to an abrubt halt. All sectors of the economy from manufacturing, mining, chemical, defence, finance, agriculture and fishing went into free fall. Portugal found itself overnight going from the country in Western Europe with the highest growth rate to the lowest - in fact it experienced several years of negative growth. This was amplified by the mass emigration of skilled workers and enterpreneurs due to political intimidation, and the costs of accommodating in Portugal thousands of refugees from the former overseas provinces in Africa - the retornados. The Carnation Revolution (Portuguese, Revolução dos Cravos) was an almost bloodless, leftist, military-led coup détat, started on April 25, 1974, in Lisbon, Portugal, that effectively changed the Portuguese regime from an authoritarian dictatorship to a liberal democracy after two years of a transitional period known as PREC... A current understanding of Western Europe. ...

After the Carnation Revolution's turmoil of 1974, the Portuguese economic basis changed deeply. The Portuguese economy had changed significantly by 1973 prior to the leftist military coup, compared with its position in 1961 - total output (GDP at factor cost) had grown by 120 percent in real terms. Clearly, the pre-revolutionary period was characterized by robust annual growth rates for GDP (6.9 percent), industrial production (9 percent), private consumption (6.5 percent), and gross fixed capital formation (7.8 percent). The growth rate of Portuguese merchandise exports during the period 1959 to 1973 was notable - 11 percent per annum. In 1960 the bulk of exports was accounted for by a few products - canned fish, raw and manufactured cork, cotton textiles, and wine. By contrast, in the early 1970s (before the 1974 military coup), Portugal's export list reflected significant product diversification, including both consumer and capital goods. Several branches of Portuguese industry became export-oriented, and in 1973 over one-fifth of Portuguese manufactured output was exported. The Carnation Revolution (Portuguese, Revolução dos Cravos) was an almost bloodless, leftist, military-led coup détat, started on April 25, 1974, in Lisbon, Portugal, that effectively changed the Portuguese regime from an authoritarian dictatorship to a liberal democracy after two years of a transitional period known as PREC... Year 1974 (MCMLXXIV) was a common year starting on Tuesday (link will display full calendar) of the 1974 Gregorian calendar. ...

There was a 16-percentage-point increase in the participation of the services sector from 39 percent of GDP in 1973 to 55.5 percent in 1990. Most of this growth reflected the exacerbated proliferation of civil service employment and the associated cost of public administration, together with the contribution of tourism services during the 1980s to the detriment of more sustainable and reproductive activities like manufacturing, exporting and technology/capital-intensive industries. The Roman civil service in action. ... Public Administration can be broadly described as the development, implementation and study of government policy. ... Tourist redirects here. ...

EU membership

Membership in the European Union (EU), achieved in 1986, contributed to stable economic growth and development, largely through increased trade ties and an inflow of funds allocated by the European Union to improve the country's infrastructure. After a recession in 1993, the economy grew at an average annual rate of 3.3%, well above EU averages but well behind the growth of the Portuguese economy before the military coup of 1974. In order to qualify for the Economic and Monetary Union (EMU), Portugal agreed to cut its fiscal deficit and undertake structural reforms. The EMU brought to Portugal exchange rate stability, falling inflation, and falling interest rates. Falling interest rates, in turn, lowered the cost of public debt and helped the country achieve its fiscal targets. Year 1986 (MCMLXXXVI) was a common year starting on Wednesday (link displays 1986 Gregorian calendar). ... World GDP/capita changed very little for most of human history before the industrial revolution. ... Economic development is the development of economic wealth of countries or regions for the well-being of their inhabitants. ... This article is about economic exchange. ... Structural Funds and Cohesion Funds are funds allocated by the European Union for two related purposes, firstly support for the poorer regions of Europe, and, secondly, support for integrating European infrastructure especially in the transport sector. ... In macroeconomics, a Recession is a decline in any countrys Gross Domestic Product (GDP), or negative real economic growth, for two or more successive quarters of a year. ... Year 1993 (MCMXCIII) was a common year starting on Friday (link will display full 1993 Gregorian calendar). ...

In 1999, it continued to enjoy sturdy economic growth, falling interest rates, and low unemployment. The country qualified for the Economic and Monetary Union of the European Union (EMU) in 1998 and joined with 10 other European countries in launching the euro on January 1, 1999. The three different designs chosen for the national side of the Portuguese euro coins were drawn by the artist Vitor Manuel Fernandes dos Santos. The ispiration came from the three seals of the first king, Dom Afonso Henriques. Portugal's inflation rate for 1999, 2.4%, was comfortably low. Events of 2008: (EMILY) Me Lesley and MIley are going to China! This article is about the year. ... For other senses of this word, see interest (disambiguation). ... CIA figures for world unemployment rates, 2006 Unemployment is the state in which a person is without work, available to work, and is currently seeking work. ... For the concept in general, see economic and monetary union. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... For other uses, see Euro (disambiguation). ... is the 1st day of the year in the Gregorian calendar. ...

Household debt has expanded rapidly. The European Commission, OECD, and others have advised the Portuguese Government to exercise more fiscal restraint. Portugal's public deficit exceeded 3% of GNP in 2001, the EU's self-imposed limit, and left the country open to either EU sanctions or tighter financial supervision. The overall rate of growth slowed in late 2001 and into 2002, making fiscal austerity that much more painful to implement. Berlaymont, the Commissions seat The European Commission (formally the Commission of the European Communities) is the executive branch of the European Union. ... The Organization for Economic Co-operation and Development (OECD) is an international organization of those developed countries that accept the principles of representative democracy and a free market economy. ... This article is about the year. ... Also see: 2002 (number). ...

Portugal has made significant progress in raising its standard of living to that of its EU partners. GDP per capita on a purchasing power parity basis rose from 51% of the EU average in 1985 to 78% in early 2002. By 2005 this had dropped to 72% (of the average across all of now 25 EU members, including seven with GDP per capita lower than Portugal) as GDP per capita rose in other EU countries. Unemployment stood at 4.1% at the end of 2001, which was low compared to the EU average. This article is about the year. ... CIA figures for world unemployment rates, 2006 Unemployment is the state in which a person is without work, available to work, and is currently seeking work. ...

GDP growth in 2006, at 1.3%, was the lowest not just in the European Union but in all of Europe. Since 2000 the Czech Republic, Greece, Malta and Slovenia have all overtaken Portugal in terms of GDP per head. And Portuguese GDP per head has fallen from just over 80% of the EU 25 average in 1999 to just over 70% last year. This poor performance of the Portuguese economy was explored in April 2007 by The Economist which described Portugal as "a new sick man of Europe".^[1] Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd and edited in London. ... The term Sick Man of Europe is a nickname associated with a European country experiencing a time of economic difficulty and/or poverty. ...

Employment and wages

Although unemployment is about 8% today, the number of unemployed people is increasing since 2000.

As of May 2006, over 420,000 people were unemployed in Portugal. The unemployment rate in the country was 7.7%. In 2007 the unemployment rate reached 8.4%, the highest unemployment rate in Portugal since 1987. The average European Union unemployment rate decreased to a record low of 7.3% in 2007. In the Portuguese sub-region of Vale do Ave, the unemployment rate has reached 15%, and in the Península de Setúbal sub-region 12.5%. May 2006 : ← - January - February - March - April - May - June - July - August - September - October - November - December- → May 1, 2006 (Monday) Chinese Patriotic Catholic Association outraged Vatican by planning to ordain another bishop, Liu Xinhong in Anhui Province. ... CIA figures for world unemployment rates, 2006 Unemployment is the state in which a person is without work, available to work, and is currently seeking work. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... Year 1987 (MCMLXXXVII) was a common year starting on Thursday (link displays 1987 Gregorian calendar). ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... Map showing the location of the Ave subregion Ave is a subregion integrated in the larger Norte region in Portugal. ... Map of the Península de Setúbal subregion The Península de Setúbal is a NUTS III subdivision of Lisbon Region (NUTS II), in Portugal. ...

Wages

The average wage in Portugal is 804.22€ per month, and the minimum wage, which is regulated by law, is 403€ per month. The minimum wage is the minimum rate a worker can legally be paid (usually per hour) as opposed to wages that are determined by the forces of supply and demand in a free market. ...

Graduate unemployemnt

In 2008, about 8%^[2] of the people with a degree were unemployed, and a much larger proportion were underemployed. This directly was correlated with a general lack of employability and student preparation for the workplace seen among many courses in a number of fields offered by certain higher education institutions or departments. The implementation of the Bologna process and other educational reforms, such as the compulsory closing of a number of courses, departments, colleges and private universities after 2005 due to a lack of academic rigour and low teaching standards, tried a totally new approach in order to tackle the problem. In 2007 alone, some major private universities were investigated by State agencies and two were immediately closed. In addition, a number of degrees of the public system were also discontinued due to lack of quality, low demand by potential students or scarce interest showed by potential employers in fresh graduates on these fields. Secondary and post-secondary non-higher education (intermediate education - ensino médio), involving technical and vocational education, has been redeveloped since 2007, through the government's policies of the XVII Governo Constitucional (headed by Prime-Minister José Sócrates). Graduate unemployment is unemployment among people with an academic degree. ... In economics, the term underemployment has at least three different meanings. ... Employability is about having the capability to gain initial employment, maintain employment and obtain new employment if required. ... The purpose of the Bologna process (or Bologna accords) is to create the European higher education area by making academic degree standards and quality assurance standards more comparable and compatible throughout Europe. ... Secondary education - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... José Sócrates de Carvalho Pinto de Sousa, GCIH (pron. ...

Nearly 60,000^[2] people with an academic degree are unemployed in Portugal. This group includes a large proportion of young adults.

Economy by sector

Portuguese exports in 2006

Fisheries and agriculture now account for about 4% of the GDP, down from approximately 25% in 1960, while still employing 13% of the labour force. On the other hand, the tertiary sector has grown, producing 66% of the GDP and providing jobs for 52% of the working population. The remaining 30% of the GDP is mainly produced by the building and energy sectors. GDP is an acronym which can stand for more than one thing: (in economics) an abbreviation for Gross Domestic Product. ... Year 1960 (MCMLX) was a leap year starting on Friday (link will display full calendar) of the Gregorian calendar. ... The tertiary sector of industry, also called the service sector or the service industry, is one of the three main industrial categories of a developed economy, the others being the secondary industry (manufacturing and primary goods production such as agriculture), and primary industry (extraction such as mining and fishing). ...

Natural resources

Natural resources such as forests cover about 34% of the country, namely pine trees (13,500 km²), Cork Oak (6800 km²), Holm Oak (5,340 km²), and Eucalyptus (2,430 km²). Cork is a major production, Portugal produces half of the world's cork. Significant mining resources are tungsten, tin, and uranium. This article deals with the tree; for the e-mail client see Pine email client Species About 115. ... Binomial name L. The Cork Oak (Quercus suber) is a medium-sized, evergreen oak tree in the section Quercus sect. ... Binomial name Quercus ilex L. The Holm Oak (Quercus ilex), also called Holly Oak or Evergreen Oak, is a large evergreen oak native to the Mediterranean region. ... This article is about the plant genus. ... For other uses, see Cork. ... For other uses, see Tungsten (disambiguation). ... This article is about the metallic chemical element. ... This article is about the chemical element. ...

Agriculture

A considerable part of continental Portugal is dedicated to agriculture, although it does not represent most of the economy. The south has developed an extensive monoculture of cereals and olive trees and the Douro Valley in vineyards. Olive trees (4,000 km²; 1,545 sq mi), vineyards (3,750 km²; 1,450 sq mi), wheat (3,000 km²; 1,160 sq mi) and maize (2,680 km²; 1,035 sq mi) are produced in vast areas. Portuguese wine and olive oil are especially praised by nationals for their quality, thus external competition (even at much lower prices) has had little effect on consumer demand. Portugal is a traditional wine grower, and has exported its wines since the dawn of western civilization; Port Wine, Vinho Verde and Madeira Wine are the leading wine exporters. Portugal is also a quality producer of fruits, namely the Algarve oranges, and Oeste region's pêra rocha (a type of pear). Other exports include horticulture and floriculture products, beet sugar, sunflower oil, cork, and tobacco. For the Italian political alliance see Olive Tree, and the color, olive (color). ... The Douro or Duero (Latin: Durius, Spanish: Duero, Portuguese: Douro, pron. ... A common vineyard. ... Species T. aestivum T. boeoticum T. dicoccoides T. dicoccon T. durum T. monococcum T. spelta T. sphaerococcum T. timopheevii References:   ITIS 42236 2002-09-22 Wheat Wheat For the indie rock group, see Wheat (band). ... This article is about the maize plant. ... For other uses, see Wine (disambiguation). ... For the Popeye character, see Olive Oyl. ... A glass of tawny port. ... Vinho Verde is Portuguese and literally means Green Wine. There are red, white and, more rarely, rosé varieties of the appellation Vinho Verde, but only the white wines are exported. ... Madeira is a fortified wine made in the Madeira Islands of Portugal, which is prized equally for drinking and cooking; the latter use including the dessert plum in Madeira. ... Binomial name (L.) Osbeck[1] Percentages are relative to US recommendations for adults. ... Pêra Rocha (Rocha Pear) is an autochthonous Portuguese variety of pear. ... Species About 30 species; see text For other uses, see Pear (disambiguation). ... For other uses, see Cork. ...

Industry

The major industries include: oil refineries, petrochemistry, cement production, automotive and ship industries, electrical and electronics industries, machinery, pulp and paper industry, injection moulding, plastic products, textile, footwear, leather, furniture, ceramics, beverages and food industry and cork (leader producer). Automotive and other mechanical industries are primarily located in and around Setúbal, Porto, Lisbon, Aveiro, Braga, and Santarém. View of the Shell/Valero Martinez oil refinery An oil refinery is an industrial process plant where crude oil is processed and refined into useful petroleum products. ... Petrochemistry is the branch of chemistry that studies the transformation of crude oil (petroleum) and natural gas into usefull products and raw materials. ... For other uses, see Cement (disambiguation). ... Car redirects here. ... Men from Francisco de Orellanas expedition building a small brigantine, the San Pedro, to be used in the search for food Shipbuilding is the construction of ships. ... The article on electrical energy is located elsewhere. ... This article is about the engineering discipline. ... A machine is any mechanical or electrical device that transmits or modifies energy to perform or assist in the performance of tasks. ... An International Paper mill in South Carolina The global pulp and paper industry is dominated by North American (United States, Canada), northern European (Finland, Sweden) and East Asian countries (such as Japan). ... Injection moulding is a manufacturing technique for making parts from thermoplastic material in production. ... For other uses, see Plastic (disambiguation). ... For other uses, see Textile (disambiguation). ... High-heeled shoe Footwear consists of garments worn on the feet. ... For other uses, see Leather (disambiguation). ... For the UK band, see Furniture (band). ... Ceramics can refer to: Ceramic, a type of material Ceramics (art), a fine art. ... The word drink is primarily a verb, meaning to ingest liquids, see Drinking. ... The food industry is the complex, global collective of diverse businesses that together supply much of the food energy consumed by the world population. ... For other uses, see Cork. ... Location    - Country Portugal    - Region Lisboa  - Subregion Península de Setúbal  - District or A.R. Setúbal Mayor Maria das Dores Meira  - Party CDU Area 171. ... Oporto redirects here. ... For other uses, see Lisbon (disambiguation). ... Location    - Country  Portugal  - Region Centro  - Subregion Baixo Vouga  - District or A.R. Aveiro Mayor Élio Maia  - Party PSD-CDS Area 199. ... For other uses, see Braga (disambiguation). ... There are a number of places called Santarém: Santarém, Brazil Santarém, Portugal Santarém is also a Portuguese cheese. ...

Services

The tertiary sector has grown, producing 66% of the GDP and providing jobs for 52% of the working population. The most significant growth rates are found in the trade sector, due to the introduction of modern means of distribution, transport and telecommunications. Financial tertiary have benefited from privatisation, also gaining in terms of efficiency. Tourism has developed significantly and generates approximately 5% of the wealth produced in Portugal. The tertiary sector of industry, also called the service sector or the service industry, is one of the three main industrial categories of a developed economy, the others being the secondary industry (manufacturing and primary goods production such as agriculture), and primary industry (extraction such as mining and fishing). ... GDP is an acronym which can stand for more than one thing: (in economics) an abbreviation for Gross Domestic Product. ... This article is about economic exchange. ... FINANCIAL is the weekly English-language newspaper with offices in Tbilisi, Georgia and Kiev, Ukraine. ... Privatization (sometimes privatisation, denationalization, or — especially in India — disinvestment) is the process of transferring property, from public ownership to private ownership. ... Tourist redirects here. ...

Competitiveness

Portugal's competitiveness in the world

The Global Competitiveness Report for 2005, published by the World Economic Forum, places Portugal on the 22nd position, ahead of countries like Spain, Ireland, France, Belgium and Hong Kong. This table shows that Portugal has stepped two places regarding the 2004 ranking. On the Technology index, Portugal was ranked 20th, on the Public Institutions index Portugal is the 15th best and on the Macroeconomic index, Portugal is placed on the 37th position. [1] World map of the 2006-2007 Global Competitiveness Index. ... This article or section does not cite any references or sources. ...

Competitiveness by city

A study concerning competitiveness of the 18 Portuguese district capitals, complying with World Economic Forum methodology, was made by Minho University economics researchers. It was published in Público newspaper on 30th September 2006. The best-ranked cities in the study were Évora, Lisbon and Coimbra. [2], [3], [4] Competitiveness is a comparative concept of the ability and performance of a firm, sub-sector or country to sell and supply goods and/or services in a given market. ... This article or section does not cite any references or sources. ... Minho University or Universidade do Minho is a University with two campus, in Portugal: Campus of Gualtar, in Braga; Campus of Azurém, in Guimarães; History University of Minho, founded in 1973, is one of the then named New Universities that, at that time, deeply changed the landscape of... Público (Portuguese for Public) is a Portuguese daily national newspaper, widely regarded as a newspaper of record. ... Location    - Country Portugal    - Region Alentejo  - Subregion Alentejo Central  - District or A.R. Évora Mayor Ernesto Oliveira  - Party PS Area 1,307. ... For other uses, see Lisbon (disambiguation). ... Location    - Country  Portugal  - Region Centro  - Subregion Baixo Mondego  - District or A.R. Coimbra Mayor Carlos Encarnação  - Party PSD Area 319. ...

Ranking:

• 1.Évora: 7,293
• 2.Lisbon: 6,454
• 3.Coimbra: 6,042
• 4.Beja: 5,660
• 5.Leiria: 5,609
• 6.Castelo Branco: 5,608
• 7.Aveiro: 5,452
• 8.Guarda: 5,178
• 9.Santarém: 5,037
• 10.Portalegre: 4,711
• 11.Viseu: 4,628
• 12.Vila Real: 5,514
• 13.Bragança: 4,271
• 14.Setúbal: 4,070
• 15.Braga: 4,055
• 16.Faro: 3,971
• 17.Viana do Castelo: 3,859
• 18.Porto: 3,577

Location    - Country Portugal    - Region Alentejo  - Subregion Alentejo Central  - District or A.R. Évora Mayor Ernesto Oliveira  - Party PS Area 1,307. ... For other uses, see Lisbon (disambiguation). ... Location    - Country  Portugal  - Region Centro  - Subregion Baixo Mondego  - District or A.R. Coimbra Mayor Carlos Encarnação  - Party PSD Area 319. ... Beja can refer to: The Beja people, an ethnic group in the Horn of Africa The Beja language Beja, Portugal Béja, Tunisia This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... Location    - Country Portugal    - Region Centro  - Subregion Pinhal Litoral  - District or A.R. Leiria Mayor Isabel Damasceno Campos Costa  - Party PSD Area 564,66 km² km² Population  - Total 119,870 hab. ... District Castelo Branco Mayor   - Party Joaquim Morão Lopes Dias PS Area 1 439. ... Location    - Country  Portugal  - Region Centro  - Subregion Baixo Vouga  - District or A.R. Aveiro Mayor Élio Maia  - Party PSD-CDS Area 199. ... Location    - Country  Portugal  - Region Centro  - Subregion Beira Interior Norte  - District or A.R. Guarda Mayor Joaquim Valente  - Party PS Area 712. ... There are a number of places called Santarém: Santarém, Brazil Santarém, Portugal Santarém is also a Portuguese cheese. ... Portalegre is a city in Portugal. ... Location  - Region  - Subregion  - District or A.R.   {{{Region}}} {{{Subregion}}} Viseu Mayor  - Party Fernando Ruas PSD Area 507. ... Vila-real (also known as Villarreal): city in the province of Castellon, Valencian Community region, Spain. ... Bragança can refer to: Bragança, a city and a district in Portugal In Brazil: Bragança, Pará Bragança Paulista, São Paulo Bragança (royal house) This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... Location    - Country Portugal    - Region Lisboa  - Subregion Península de Setúbal  - District or A.R. Setúbal Mayor Maria das Dores Meira  - Party CDU Area 171. ... For other uses, see Braga (disambiguation). ... Faro is a city in Portugal; see Faro, Portugal a town in Yukon, Canada; see Faro, Yukon. ... Location    - Country Portugal  - Region Norte  - Subregion Minho-Lima  - District or A.R. Viana do Castelo Mayor Defensor Moura  - Party PS Area 318. ... Oporto redirects here. ...

Domestic problems

• Forest Fires: Like in other countries with very hot summers and seasonal drying of soils and vegetation, every year large areas of the Portuguese forest is destroyed. This has an important impact on the economy because many people and industries depend on forestry related activities. It is also a very dramatic ecological problem and a safety issue for the populations.
• Portugal's Public Debt: The public debt exceeds 60% of GDP. This problem is a threat to the Portuguese economy and the State's financial sustainability.
• Over-dimensioned Public Sector: The public sector has been generally considered a very large, expensive and inefficient part of the economy. An excess of public employees and useless bureaucracy results in the loss of millions of euros every year. Since the XVI Governo Constitucional government, headed by Prime Minister José Durão Barroso, to the XVII Governo Constitucional government, headed by Prime Minister José Sócrates (which created new rules and implemented reforms aiming at better efficiency, rationalized resource allocation, fight civil servant excedentary overcapacity (excedentários) and less bureaucracy for both citizens and companies - eg: empresa na hora [5], PRACE - Programa de Reestruturação da Administração Central do Estado [6], and SIMPLEX - Programa de Simplificação Administrativa e Legislativa [7], among others), the "public expenditure problem" has been a major concern in Portugal.
• Corruption: Although being generally considered an honest hard-working people, corruption has become an issue of major political and economic significance for the Portuguese. The responsible authorities are trying to combat corruption before it increases further. Many abusive lobbies and corruption schemes are related to concessions, unclear approvals to contractors and economic groups, or job creation for and commercial agreements with friends and family members, mainly involving the huge public sector and companies. Some cases are well known and were widely reported in the media, such as the affairs in several municipalities involving town hall officials and businesspersons.

A decidous beech forest in Slovenia. ... This page is a candidate to be copied to Wiktionary. ... José Manuel Durão Barroso (pronunced: IPA, ) (born in Lisbon, March 23, 1956) is a Portuguese politician. ... José Sócrates de Carvalho Pinto de Sousa, GCIH (pron. ... Public finance (government finance) is the field of economics that deals with budgeting the revenues and expenditures of a public sector entity, usually government. ...

See also

• OECD's Portugal country Web site and OECD Economic Survey of Portugal
• Economy of Europe
• Portugal
• Economic history of Portugal

The economy of Europe comprises more than 710 million people in 48 different states. ... ĢÕãÒòùäÊŞ Ă ßõî ŔûñÑèđ òΝ ýëŗ pæŇţž This page may meet Wikipedias criteria for speedy deletion. ...

References

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v • d • e Members of the World Trade Organization (WTO)

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WTO redirects here. ... Image File history File links Size of this preview: 800 × 370 pixelsFull resolution (1357 × 628 pixel, file size: 19 KB, MIME type: image/png)World map of World Trade Organization (WTO) members/non-members, 2005; based on Image:BlankMap-World-v2. ... Economy - overview: Antigua and Barbudas economy is service-based, with tourism and government services representing the key sources of employment and income. ... The Asian financial crisis in 1997 and 1998, coupled with fluctuations in the price of oil have created uncertainty and instability in Bruneis economy. ... Burkina Faso is one of the poorest countries in the world with an average income per capita of €250 (US$300). ... To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ... The economies of the special administrative regions of Hong Kong and Macau are separate from the rest of the Peoples Republic of China. ... Sparsely populated in relation to its area, the Democratic Republic of the Congo is home to a vast potential of natural resources and mineral wealth, yet the economy of the DROC has declined drastically since the mid-1980s. ... This article or section does not cite its references or sources. ... The economy of Costa Rica heavily depends on tourism, agriculture, and electronics exports. ... The Ivorian economy is largely market based and depends heavily on the agricultural sector. ... The Dominican Republic is a middle-income developing country primarily dependent on agriculture, trade, and services, especially tourism. ... This article does not cite its references or sources. ... If it is considered as a single state, the economy of the European Unions twenty-seven member states is the worlds largest economy. ... Economy - overview: The breakup of Yugoslavia in 1991 deprived F.Y.R.O.M. (Former Yugoslav Republic of Macedonia), then its poorest republic (only 5% of the total federal output of goods and services), of its key protected markets and large transfer payments from the center. ... Economy - overview: The Gambia has no important mineral or other natural resources and has a limited agricultural base. ... This article needs to be updated. ... The Economy of Hong Kong is widely believed, and some argue incorrectly, to be the most economically free in the world. ... Currency 1 South Korean Won (W) = 100 Jeon(Chŏn) (theoretical) Fiscal year Calendar year Trade organizations APEC, WTO and OECD Statistics [1] GDP ranking 10th by volume (at nominal) (2006); 11th by volume (at PPP) (2006); GDP (Nominal) $897. ... The Economy of New Zealand is a small but prosperous free market economy, which is greatly dependent on international trade, mainly with Australia, the United States of America and Japan. ... Papua New Guinea is richly endowed with natural resources, but exploitation has been hampered by the rugged terrain and the high cost of developing infrastructure. ... The economy of Saint Kitts and Nevis has traditionally depended on the growing and processing of sugar cane; decreasing world prices have hurt the industry in recent years. ... Saint Lucias economy depends primarily on revenue from banana production and tourism with some input from small-scale manufacturing. ... The St. ... Economy - overview: Saudi Arabia has an oil-based economy with strong government controls over major economic activities. ... To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ... A per capita GDP of $340 ranks Solomon Islands as a lesser developed nation. ... South Africa has a two-tiered economy; one rivaling other developed countries and the other with only the most basic infrastructure. ... With an economy of $27. ... Republic of China (ROC) has a dynamiccapitalist economy with gradually decreasing guidance of investment and foreign trade by the government. ... Trinidad and Tobago experienced a real growth rate of 3. ... // The United Arab Emirates has a highly industrialized economy that makes the country one the most developed in the world, based on various socioeconomic indicators such as GDP per capita, energy consumption per capita, and the HDI. At $168 billion in 2006, the GDP of the UAE ranks second in... The economy of the United States has been the worlds largest national economy since the late 1890s;[1] its gross domestic product (GDP) was estimated as $13. ... All twenty-seven member states of the European Union are also members of the WTO in their own right: Austria • Belgium • Bulgaria • Cyprus • Czech Republic • Denmark • Estonia • Finland • France • Germany • Greece • Hungary • Ireland • Italy • Latvia • Lithuania • Luxembourg • Malta • Netherlands and Netherlands Antilles • Poland • Portugal • Romania • Slovakia • Slovenia • Spain • Sweden • United Kingdom. Special Administrative Region of the People's Republic of China. Designated name for the Republic of China (Chinese Taipei)