FREE BOOKS

Author's List




PREV.   NEXT  
|<   937   938   939   940   941   942   943   944   945   946   947   948   949   950   951   952   953   954   955   956   957   958   959   960   961  
962   963   964   965   966   967   968   969   970   971   972   973   974   975   976   977   978   979   980   981   982   983   984   985   986   >>   >|  
) with the Portuguese coat of arms centered on the dividing line Economy Economy--overview: Portugal, in 1998, continued to see strong economic growth, falling interest rates, and low unemployment. The country qualified for the European Monetary Union (EMU) in 1998 and joined with 10 other European countries in launching the euro on 1 January 1999. Portugal's inflation rate for 1998, 2.8%, was low but higher than most of its European partners. The country continues to run a trade deficit and a balance of payments deficit. The government is working to modernize capital plant and increase the country's competitiveness in the increasingly integrated world markets. Growth is expected to slow to 3% in 1999 because of a slowdown in public investment and sluggish demand for exports. GDP: purchasing power parity--$144.8 billion (1998 est.) GDP--real growth rate: 4.2% (1998 est.) GDP--per capita: purchasing power parity?$14,600 (1998 est.) GDP--composition by sector: agriculture: 4% industry: 36% services: 60% (1998 est.) Population below poverty line: NA% Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA% Inflation rate (consumer prices): 2.8% (1998 est.) Labor force: 4.75 million (1998 est.) Labor force--by occupation: services 56%, manufacturing 22%, agriculture, forestry, fisheries 12%, construction 9%, mining 1% (1998 est.) Unemployment rate: 5% (August 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: 4.1% (1998 est.) Electricity--production: 32.839 billion kWh (1996) Electricity--production by source: fossil fuel: 55% hydro: 45% nuclear: 0% other: 0% (1998 est.) Electricity--consumption: 31.92 billion kWh (1997) Electricity--exports: 3 billion kWh (1996) Electricity--imports: 4.2 billion kWh (1996) Agriculture--products: grain, potatoes, olives, grapes; sheep, cattle, goats, poultry, beef, dairy products Exports: $25 billion (f.o.b., 1998) Exports--commodities: clothing and footwear, machinery, chemicals, cork and paper products, hides Exports--partners: EU 81% (Germany 20%, Spain 15%, France 14%, UK 12% Netherlands 5%, Benelux
PREV.   NEXT  
|<   937   938   939   940   941   942   943   944   945   946   947   948   949   950   951   952   953   954   955   956   957   958   959   960   961  
962   963   964   965   966   967   968   969   970   971   972   973   974   975   976   977   978   979   980   981   982   983   984   985   986   >>   >|  



Top keywords:
billion
 
Electricity
 

country

 

products

 

European

 
Exports
 

growth

 

production

 

footwear

 

agriculture


capital

 

exports

 

chemicals

 

partners

 

deficit

 
services
 
expenditures
 
parity
 

purchasing

 
Economy

Portugal

 

consumption

 
refining
 

Unemployment

 
August
 

Budget

 
mining
 

forestry

 

fisheries

 
construction

revenues

 

textiles

 
Industries
 

canning

 
including
 
metalworking
 

commodities

 

clothing

 

machinery

 

poultry


France

 
Netherlands
 

Benelux

 

Germany

 
cattle
 

fossil

 
source
 

tourism

 
Industrial
 

nuclear