, WFTU,
WHO, WIPO, WMO, WToO, WTrO, ZC

Diplomatic representation in the US:
chief of mission: Ambassador Fernando Antonio de Lacerda ANDRESEN
GUIMARAES
chancery: 2125 Kalorama Road NW, Washington, DC 20008
telephone: [1] (202) 328-8610
FAX: [1] (202) 462-3726
consulate(s) general: Boston, New York, Newark (New Jersey), and San
Francisco
consulate(s): Los Angeles, New Bedford (Massachusetts), Providence
(Rhode Island)

Diplomatic representation from the US:
chief of mission: Ambassador Gerald S. MCGOWAN
embassy: Avenida das Forcas Armadas, 1600 Lisbon
mailing address: PSC 83, APO AE 09726
telephone: [351] (1) 727-3300
FAX: [351] (1) 726-9109
consulate(s): Ponta Delgada (Azores)

Flag description: two vertical bands of green (hoist side, two-fifths)
and red (three-fifths) with the Portuguese coat of arms centered on
the dividing line

@Portugal:Economy

Economy-overview: Portugal's short-term economic fundamentals remain
strong: 1997 was marked by a reduction in inflation, a rise in the GDP
growth rate, a reduction in the fiscal deficit, and a lowering of
interest rates. The Socialist government's primary economic goal is to
place Portugal in the initial group of countries adopting the single
European currency; Lisbon looks well positioned to be in the first
tranche of EMU countries. As for the long run, Portugal is increasing
its infrastructure spending, in anticipation of hosting the world's
International Exposition, which began in May 1998. Lisbon also is
working to modernize its capital plant and increase competitiveness in
hope of moving up closer to the EU average.

GDP: purchasing power parity-$149.5 billion (1997 est.)

GDP-real growth rate: 3.3% (1997 est.)

GDP-per capita: purchasing power parity-$15,200 (1997 est.)

GDP-composition by sector:
agriculture: 6%
industry: 36%
services: 58% (1995 est.)

Inflation rate-consumer price index: 2.3% (1997 est.)

Labor force:
total: 4.53 million (1996 est.)
by occupation: services 56%, manufacturing 23%, agriculture, forestry,
fisheries 11%, construction 8%, utilities 1%, mining 1% (1995)

Unemployment rate: 7% (January 1998)

Budget:
revenues: $48 billion
expenditures: $52 billion, including capital expenditures of $7.4
billion (1996 est.)

Industries: textiles and footwear; wood pulp, paper, and cork;
metalworking; oil refining; chemicals; fish canning; wine; tourism

Industrial production growth rate: 2.2% (1996 est.)

Electricity-capa