Country Report of Portugal

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Domenii: Economie, Engleza

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Natural resources -34% of the country, namely pine trees, Cork Oak, Holm Oak and . Significant mining resources are lithium, tungsten, tin, and uranium.

Agriculture and fisheries -Agriculture, forestry, and fishing employed 17.8 percent of Portugal ‘s labor force but accounted for only 6.2 percent of GDP 

Industry- 22,2% The major industries include: oil refineries, petrochemistry, cement production, automotive and ship industries, electrical (mainly from renewable sources) and electronics industries, machinery, pulp and paper industry, injection moulding,plastic products, textile, footwear, leather, furniture, ceramics, beverages and food industry and cork

Services -The tertiary sector has grown, producing 74.4% of the GDP and providing jobs for 65.9% of the working population. The most significant growth rates are found in the trade sector, due to the introduction of modern means of distribution, transport and telecommunications. Financial tertiary have benefited from privatisation, also gaining in terms of efficiency.Tourism in Portugal has developed significantly and generates approximately 5% of the wealth produced in Portugal. 

The Gross Domestic Product per capita in Portugal was last recorded at 17766.67 US dollars in 2013. The GDP per Capita in Portugal is equivalent to 141 percent of the world's average. GDP per capita in Portugal averaged 12123.06 USD from 1960 until 2013, reaching an all time high of 18896.96 USD in 2007 and a record low of 3717.61 USD in 1960. GDP per capita in Portugal is reported by the World Bank.

Unemployment Rate in Portugal decreased to 13.10 percent in the third quarter of 2014 from 13.90 percent in the second quarter of 2014. Unemployment Rate in Portugal averaged 7.51 Percent from 1983 until 2014, reaching an all time high of 17.50 Percent in the first quarter of 2013 and a record low of 3.70 Percent in the second quarter of 2000. Unemployment Rate in Portugal is reported by the Statistics Portugal.

External Debt in Portugal remained unchanged at 409454.19 EUR Million in the third quarter of 2014 from 409454.19 EUR Million in the third quarter of 2014. External Debt in Portugal averaged 263771.83 EUR Million from 1996 until 2014, reaching an all time high of 421132.40 EUR Million in the second quarter of 2010 and a record low of 56392.07 EUR Million in the first quarter of 1996. External Debt in Portugal is reported by the Banco De Portugal.

The currency in Portugal is the euro, which makes it a very worry-free destination for many other Europeans to visit when it comes to money matters (it is the currency of 13 European countries, used by 315 million people). In order to recognize the euro symbol, look for an "E" crossed by two parallel horizontal lines (€). The euro started with a circulation of seven bank notes and eight different coins: bank notes of 500, 200, 100, 50, 20, 10 and 5 euros, and coins of 2 and 1 euros and 50, 20, 10, 5, 2, and 1 cents. Coins and notes both have a common European side, along with a specific national side, but can be used in all countries that accept the euro. Before the euro was introduced, Portugal's national currency was the escudo, and many Portuguese still use the escudo when talking amongst themselves, particularly when describing a large sum of money. 1 euro = 200.482 escudos. 

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