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Portugal Economy
GDP:
purchasing power parity - $181.8 billion (2003 est.)
GDP - real growth rate:
-1.3% (2003 est.)
GDP - per capita:
purchasing power parity - $18,000 (2003 est.)
GDP - composition by sector:
agriculture: 5.8%
industry: 30.7%
services: 63.2% (2003)
Investment (gross fixed):
22.3% of GDP (2003)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: 3.1%
highest 10%: 28.4% (1995 est.)
Distribution of family income - Gini index:
35.6 (1994-95)
Inflation rate (consumer prices):
3.3% (2003 est.)
Labor force:
5.409 million (2003)
Labor force - by occupation:
agriculture 10%, industry 30%, services 60% (1999 est.)
Unemployment rate:
6.4% (2003 est.)
Budget:
revenues: $64.81 billion
expenditures: $69.09 billion, including capital expenditures of NA (2003 est.)
Public debt:
59.8% of GDP (2003)
Industries:
textiles and footwear; wood pulp, paper, and cork; metalworking; oil refining; chemicals; fish canning; wine; tourism
Industrial production growth rate:
0.4% (2003 est.)
Electricity - production:
44.32 billion kWh (2001)
Electricity - production by source:
fossil fuel: 64.5%
hydro: 31.3%
other: 4.1% (2001)
nuclear: 0%
Electricity - consumption:
41.48 billion kWh (2001)
Electricity - exports:
3.479 billion kWh (2001)
Electricity - imports:
3.743 billion kWh (2001)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
339,800 bbl/day (2001 est.)
Oil - exports:
28,830 bbl/day (2001)
Oil - imports:
357,300 bbl/day (2001)
Natural gas - production:
0 cu m (2001 est.)
Natural gas - consumption:
2.542 billion cu m (2001 est.)
Natural gas - exports:
0 cu m (2001 est.)
Natural gas - imports:
2.553 billion cu m (2001 est.)
Agriculture - products:
grain, potatoes, olives, grapes; sheep, cattle, goats, poultry, beef, dairy products
Current account balance:
$-7.592 billion (2003)
Exports:
$31.13 billion f.o.b. (2003 est.)
Exports - commodities:
clothing and footwear, machinery, chemicals, cork and paper products, hides
Exports - partners:
Spain 22.7%, Germany 15.2%, France 12.9%, UK 10.5%, US 5.8%, Italy 4.8%, Belgium 4.6% (2003 est.)
Imports:
$43.73 billion f.o.b. (2003 est.)
Imports - commodities:
machinery and transport equipment, chemicals, petroleum, textiles, agricultural products
Imports - partners:
Spain 29.1%, Germany 14.7%, France 9.9%, Italy 6.4%, UK 4.9%, Netherlands 4.6% (2003 est.)
Reserves of foreign exchange & gold:
$12.81 billion (2003)
Debt - external:
$250.7 billion (2003 est.)
Economic aid - donor:
ODA, $271 million (1995)
Currency:
euro (EUR)
note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries
Currency code:
EUR
Exchange rates:
euros per US dollar - 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999)
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