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Basic Data October 2017 Aicep Portugal Global Portugal - Basic Data (October 2017)

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Portugal - Basic Data October 2017 aicep Portugal Global Portugal - Basic Data (October 2017) Index Background 3 Population and language 3 Politics 3 Summary 3 Infrastructure 4 Economy 4 Economic structure 4 Current economic situation and outlook 5 International trade 6 International investment 9 Foreign Direct Investment Flow into Portugal (Directional Principle) 9 Portuguese External Direct Investment Stock (Directional Principle) 9 Tourism 11 aicep Portugal Global – Trade & Investment Agency – Av. 5 de Outubro, 101, 1050-051 LISBOA Tel. Lisboa: + 351 217 909 500 Contact Centre: 808 214 214 [email protected] www.portugalglobal.pt 2 aicep Portugal Global Portugal - Basic Data (October 2017) Background Legislative power lies with the Parliament (Assembly of the Republic) represented by 230 members which are elected by popular vote to Mainland Portugal is geographically located in Europe’s West Coast, serve a four year term. on the Iberian Peninsula. It is bordered by Spain to the North and East Executive power lies with the Government, headed by the Prime and by the Atlantic Ocean to the West and South, therefore being in Minister, the Ministers and the Secretaries of State. The current a geo strategic location between Europe, America and Africa. Prime-Minister is António Costa, leader of the socialist party, who took office in November 2015. In addition to the mainland, Portugal’s territory also includes the Autonomous Regions of the Azores and Madeira, two archipelagos The Portuguese judicial system consists of several categories of located in the Atlantic Ocean. Court, independent of each other, with their own structure and rules. Two of these categories are composed only by one Court Portuguese borders have remained unchanged since the XIII Century, (the Constitutional Court and the Court of Auditors). The Judicial, making Portugal one of the oldest countries in the world, with nearly Administrative and Fiscal Courts are numerous, hierarchically 900 years of history that clearly demonstrates its strong identity and structured and respond to a Supreme Court. In addition, there are internal cohesion. Maritime Courts, Courts of Arbitration and Justices of the Peace. Population and language Summary Area: 92 212 .0 sq km Portugal’s population is estimated at 10.3 million, of which 50% are economically active. The demographic concentration is higher near Population (thousands): 10 306 (2016) the coastal areas, with Lisbon (the capital city) and Porto showing the Working population 5 178 (2016) highest population density. (thousands): Population density 111.8 (2016) The Portuguese language is spoken by more than 250 million people (inhabit./sq km): spread over all continents: Europe, Africa, America and Asia. This Official designation: Republic of Portugal diversity greatly contributes to the strong historical and cultural ties Capital: Lisbon (2.1 million inhabit.– metropolitan area) that Portugal has with the world. Aveiro, Beja, Braga, Bragança, Castelo Branco, Coimbra, Évora, Faro, Funchal (in Madeira), Politics District Capitals: Guarda, Leiria, Ponta Delgada (in the Azores), Portalegre, Porto, Santarém, Setúbal, Viana do The Republic of Portugal is a Parliamentary democracy, based on Castelo, Vila Real and Viseu. the respect and the effective guarantees for fundamental rights and Main religion: Roman Catholic freedoms and the separation and interdependence of powers. Language: Portuguese Under the Portuguese Constitution, sovereign powers are vested in the President of the Republic, the Assembly of the Republic, the Currency: Euro (in units of 100 cents) Government and the Courts. EUR = 200.482 PTE (fixed parity 1/01/99) The President of the Republic is the Head of State, elected by direct EUR = 1.0614 USD (average rate in 2016) universal suffrage for a five year term, with a maximum of two terms. EUR = 1.1807 USD (average rate in August 2017) The current President of the Republic is Marcelo Rebelo de Sousa, who was elected in January 2016. Source: INE (National Statistics Office), Banco de Portugal Same time zone 1 hour time difference as the United Kingdom from the Central and the Republic of European time zone Ireland 3 hour time difference in relation to Moscow Nearest European country to the United States of America and Canada 3 hour time difference BETTER in relation to Sao Paulo Portugal has a privileged LOCATION location to reach relevant markets Note: In reference to UTC hours aicep Portugal Global – Trade & Investment Agency – Av. 5 de Outubro, 101, 1050-051 LISBOA Tel. Lisboa: + 351 217 909 500 Contact Centre: 808 214 214 [email protected] www.portugalglobal.pt 3 aicep Portugal Global Portugal - Basic Data (October 2017) Infrastructures of GVA and 6.9% of employment while industry, construction, energy and water represented 22.4% of GVA and 24.5% of employment. Portugal is ranked 13th (among 137 countries) in terms of the “Qua- lity of Overall Infrastructure” according to the Global Competitiveness In the last decade, apart from a greater focus and diversification of Report 2017-2018/World Economic Forum (WEF). services within the economic activity, there was in the transformation industry in Portugal a significant change in its specialization. Coming Telecommunications: The country has an advanced telecommuni- from a dependence on traditional industrial activities to a situation cation infrastructure network. The fibre optic network is state-of-the- where new sectors, with a larger amount of technology, have gained art and already covers the majority of the country. The proportion of importance and significant growth, sectors such as the automotive broadband fibre optic connections was 32.3% in December 2016, and components sector, electronics, energy, pharmaceutical sector much higher that the OECD average (21.2%), placing Portugal in 9th and industries related to new technologies of information and place in the OECD and 5th in the EU. According to Digital Economy telecommunications. Within the services sector, the importance and Society Index 2017 Portugal’s position is above the EU average, of tourism should be emphasized, benefiting from Portugal’s in Connectivity terms (10th), Integration of Digital Technology (9th) geographical position, the Mediterranean climate, moderated by the and Digital Public Services (10th). Portugal is the 10th country in the influence of the Atlantic and its extensive coastline. EU with the highest subscription rate to high velocity broadband per resident (17th in the OECD). Portugal has shown, according to EY Consulting, a positive improvement in the development of an ecosystem of start-ups, in Road Infrastructures: Portugal has a developed road network, com- order to encourage foreign direct investment (FDI) and to promote prised of motorways (AE), main roads (IP), secondary roads (IC), na- the country’s attractiveness. Within this context, various national level tional roads (EN) and municipal routes. The mainland road network programmes have already been created and implemented by the reached 14 310 km, of which 2 988 km was motorway, more than Government, with the aim of promoting technological development 1/5 of the total road network. and innovation, emphasis is given to “Horizonte 2020” (the largest investigation and innovation programme of the EU), “CITEC - Rail Network: The rail network comprises 2 544 km providing North- Conectividade, Inovação e Tecnologia” with the intention of training South connection down the coastline and East-West across the coun- the Portuguese industry and “Indústria 4.0 – Economia Digital”, with try. Railway network density tends to be more significant in regions its principal objective to direct resources towards new technologies. with a higher population concentration. GVA Breakdown - 2016 Airports: There are 15 airports. On the mainland the three major 2.2% international airports are located in the coastal cities of Lisbon, Porto and Faro. Due to the isolation of the Autonomous Regions there are 22.4% a larger number of airports. The Azores have nine and Madeira has two. The airports managed by ANA - Aeroportos de Portugal serve about 66 regular airlines, connecting the Portuguese regions with nearly 149 destinations around the world (passenger traffic reached 44.5 million in 2016, +14% in relation to the previous year). Maritime Routes: Mainland Portugal has nine major ports: Viana do Castelo and Leixões, in the North; Aveiro and Figueira da Foz, in the 75.4% Centre; Lisbon and Setúbal in the Lisbon region; Sines in the Alen- Services Industry, construction, Agriculture, forestry, tejo; Faro and Portimão in the Algarve. The Autonomous Region of energy and water and fishing the Azores has five ports and the Autonomous Region of Madeira has three. Only Lisbon and Leixões on the mainland offer passenger services. The port infrastructure is thus primarily geared to handling Employment Breakdown - 2016 goods. This is particularly so at Sines (52.9% of total in January-July 6.9% 2017), Leixões (19.7%), Lisbon (12.2%), Setúbal (7.2%) and Aveiro (5.4%). 24.5% Economy Economic structure 68.6% Following the trend of its European partners, over the last decades one of the most important characteristics of the structure of the Services Industry, construction, Agriculture, forestry energy and water and fishing Portuguese economy is the increase in the services sector which contributed, in 2016, with 75.4% of GVA and employed 68.6% of Source: INE (National Statistics Office) the population. Agriculture, forestry and fishing generated
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