FACT Sheet.Portugal
Total Page:16
File Type:pdf, Size:1020Kb
FACT_sheet 2009 Portugal where-to-invest-in-portugal.com where-to-invest-in-portugal.com FACT_sheet.Portugal geNeraL INforMatioN KEY ECONOMICAL INDICATORS POLITICAL FRAMEWORK Official name: Portuguese Republic Components of GDP: (million euros, 2007) Constitutional System: A Republic ruled by a Constitution. The Type of government: Parlamentary Democracy Value % Constitutional System includes the President of the Republic Head of state: Private consumption: 106.043 65.0 who represents the Portuguese Republic, the Assembleia da H.E. President Mr Aníbal Cavaco Silva Public consumption: 33.050 20.3 República (Parliament) that represents the Portuguese citizens, Head of government: Investments: 36.069 22.1 the Government and the Courts of Law which administer justice H.E. Prime Minister Mr José Socrates Exports of goods and services: 53.209 32.6 in the name of the people and act solely in accordance with the Capital: Lisbon Imports of goods and services: -65.252 -40.0 law and whose decisions are binding for all public and private Total area: 92.090 km² Gross Domestic Product: 163.119 100,0 entities. With the exception of the Law Courts, these sovereign Population: 10.599.095 organs (excepting the Government) are elected by direct, secret Religion: 97% Roman Catholic Real growth rate of GDP: 1.9% and periodic vote by the people. Official language: Portuguese GDP per Capita m.p.: 15.400 Parliament: is formed by 230-seat Congress of Deputies. EU membership: since 1986 General government overall balance (% of GDP): -2.6% General elections are held every four years. The last were held General government gross debt (% of GDP): 63.6% on February 20, 2005. Unemployment rate: 7.6% (2008) President: is directly elected for a maximum of two consecutive POPULATION (2007) Inflation rate: 2.5% (2007) five-year terms. If no candidate obtains more than 50% of the Population: 10.617.575 votes in the first round, the two candidates with the greatest Active population: 5.618.575 (52.9%) GEOGRAPHIC FEATURES number of votes go forward to a second and final round; next Population growth rate: 0,3% (1990/2005) Portugal occupies the western part of the Iberian Peninsula. The presidential elections will be in 2011. Population distribution: (2007) archipelagos of Azores and Madeira in the Atlantic Ocean are Main Political Parties: Portuguese Socialist Party (PS), Social included in the Portuguese territory. Democratic Party (PSD), Popular Party (CDS/PP), Portuguese by sex by age group Portugal’s northern and eastern boundaries are with Spain. Communist Party (PCP), Leftist Group (BE). The Greens (PEV). Men 48,4% 0–14 15,34% On the south and west it faces the Atlantic, with a coastline Ruling Party: is the Portuguese socialist party (PS) which has 121 deputies in parliament. The main opposition party is the Women 51,6% 15-24 11,64% of 837 km. This excellent geographic position on the extreme south-west point of Europe permits rapid access to European social democrat party (PSD) with 75 deputies. 25-64 55,60% markets and to the US eastern seaboard and Africa. The country Legal System: based on the Constitution of 1976, amended 65+ 17,42% most recently in 2004. is crossed by three large rivers that rise in Spain, flow into the Land boundaries: 1.214 km Electoral system: universal direct suffrage from the age of 18. key facts Atlantic and divide the country into three geographic areas. Coastline: 1.793 km The Minho River, part of the northern boundary, cuts through a The d’Hondt system of proportional representation is used in 20 Population density: 115,3 hab/km² Terrain: mountainous north of the Tagus River, mountainous area that extends south to the vicinity of the Douro multimember constituencies. Urban population: 56% rolling plains in south. River. South of the Douro, the mountains slope to the plains Territorial Organization of the State: The State is divided into 1 Population origin: Elevation extremes: around the Tejo River, Portugal’s largest river. The remaining freguesias (parishes), municipalities, distritos and Autonomous Portuguese: 95,8 % lowest point: Atlantic Ocean (0 m) division is the southern one of Alentejo and Algarve. Regions. There are two Autonomous Regions, the archipelagos Immigrants: 4,2 % highest point: Ponta do Pico on Ilha do Pico The coast, also generally flat, contrasts with the interior of Azores and Madeira. Under the Portuguese Constitution, (Brazilians, Cape Verdeans, Ukrainians, Angolans) in Azores (2.351 m) approved by parliament in 1976, each Autonomous Region has highlands. Natural resources: fish, forest (cork), iron ore, The highest peaks of continental Portugal are found in a its own basic institutional statutes which are recognized and Population of main cities: copper, zinc, tin, tungsten, silver, gold, uranium, protected by the state as an integral part of its set of laws. mountainous range in the centre of the country where Serra da marble, clay, gypsum, salt, arable land, hydro- (Census 2001, not including metropolitan areas) Estrela reaches 1.991 m. Administrative divisions: two Autonomous Regions, (Azores power. and Madeira), and 18 distritos on the mainland. Lisbon 564.657 Portugal has two climatic zones: the northern zone characterized Land use: by an average annual precipitation of 991 mm with temperatures Distrito’s capitals: Aveiro, Açores, Beja, Braga, Bragança, Porto 263.131 Arable land: 21,75% Castelo Branco, Coimbra, Evora, Faro, Guarda, Leiria, Lisboa, influenced by Atlantic air currents and the Spanish Meseta, and Permanent crops: 7,81% Braga 109.460 the southern zone which has a Mediterranean climate with low Madeira, Portalegre, Porto, Santarem, Setubal, Viana do Other: 70,44% Castelo, Vila Real, Viseu annual precipitation and sunny days with weather conditions Irrigated land: 6.320 km² influenced by the Azorean high pressure system. The average temperatures vary between 10ºC in Winter and 23ºC in Summer. © 2009, innovation point s.a. 16. March 2009 where-to-invest-in-portugal.com FACT_sheet.Portugal ECONOMIC ACTIVITY CHARACTERISTICS OF PRODUCTIVITY SECTOR train services to Vigo, Madrid and Paris. The “Alfa pendular” trains offer (Zara, El Corte Ingles, Cortefiel, etc) and 40% were service establishments. a fast and comfortable rail link between Lisbon and the Algarve and, in 41% of all franchises are of Portuguese origin, 24% Spanish, 11% Sectors of Employment: (2007) Portugal’s economy is based on traditional industries such as textiles, the north, Porto, Braga or Guimarães, with stops in Coimbra and Aveiro. American, 8,3% French, and 4,3% are of Italian origin. Agriculture and fishing: 7,9% clothing, footwear, cork and wood products, beverages (wine), orcelain The Intercity and regional train service links this cities with many other Industry (including construction): 25,9% and earthenware, glass and glassware, fish canning, tourism and metal cities throughout the country. In 2004 133 million passengers and 9,5 LABOUR MARKET Services: 66,2% working, oil refining and chemicals. million tonnes of freight were carried over the 2830 kilometres of the Investment (gross fixed): 21,0% of GDP (2005 est.) Employment contracts: In addition, the country has increased its role in Europe’s automotive network. The urban units are especially important since they represent Industrial production growth rate: 1,8% (2004 est.) Legal clauses regulate employment contracts and to a lesser degree sector and has a world-class mold-making industry. Services, particularly 87% of all the passengers carried. The two principal metropolitan areas Prices: (Variation 2007/2008) collective agreements and individual negotiations. tourism, are playing an increasingly important role. A considerable part have subway systems: Lisbon Metro and Porto Metro. Both systems are Industrial prices: 3,2% Salaries: of continental Portugal is dedicated to agriculture, although it does not linked by sharing stations with high-speed Pendolino trains (Alfa Pendular) Consumer prices: 2,6% National monthly minimum wage as of 01/01/2009: 450 euros. represent most of the economy. The south has developed an extensive that link both cities. Average wage for an employee in the manufacturing industry in 1999: 610 monoculture of cereals and olive trees and the Douro Valley in vineyards. The construction of a high-speed TGV line connecting Porto and Lisbon, euros by month (ILO data). BALANCE OF PAYMENTS ACTIVITY Portugal is a traditional wine grower; Port Wine and Vinho Verde (Green and Lisbon with Madrid will begin in 2008. Average hourly labour costs: Wine) are the leading exporters. Portugal is also a quality producer of Ports: With a coastline on the Atlantic Ocean, Portugal’s ports represent (million euros, 2008) Industry: 8,49 fruits, namely the Algarve oranges and Oeste region’s Pera Rocha (a type an important advantage for multinational companies shipping products Current account: -20.002 of pear). Other exports are horticulture, floriculture, beet sugar, sunflower Services: 10,81 Goods: -21.108 throughout the world. The main seaports are Lisbon in the centre, Leixões oil, and tobacco. Manufacturing has sharply changed its traditional profile Tourism: 6,90 Services: 6.906 (Porto) in the North and Setúbal and Sines in the South. moving from high dependence on textiles, footwear, ceramics, cork, ship Social security contributions: Incomes: -8.295 Airports: The main airports are Portela (Lisbon), Francisco Sá Carneiro repair, food and drink industries to a position where new sectors are growing Employer: 23,75% Current transfers: 2.496 (Porto)