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Portugal Business Guide


Geography


Location:
Southwestern Europe, bordering the North Atlantic Ocean, west of Spain


Geographic coordinates:
39 30 N, 8 00 W


Map references:
Europe


Area:
total:92,090 sq kmcountry comparison to the world: 111
land:91,470 sq km
water:620 sq km
note:includes Azores and Madeira Islands


Area - comparative:
slightly smaller than Indiana


Land boundaries:
total:1,214 km
border countries:Spain 1,214 km


Coastline:
1,793 km


Maritime claims:
territorial sea:12 nm
contiguous zone:24 nm
exclusive economic zone:200 nm
continental shelf:200 m depth or to the depth of exploitation


Climate:
maritime temperate; cool and rainy in north, warmer and drier in south


Terrain:
mountainous north of the Tagus River, rolling plains in south


    Elevation extremes:
lowest point:Atlantic Ocean 0 m
highest point:Ponta do Pico (Pico or Pico Alto) on Ilha do Pico in the Azores 2,351 m


Natural resources:
fish, forests (cork), iron ore, copper, zinc, tin, tungsten, silver, gold, uranium, marble, clay, gypsum, salt, arable land, hydropower


Land use:
arable land:11.88%
permanent crops:7.71%
other:80.41% (2011)


Irrigated land:
5,837 sq km (2007)


Total renewable water resources:
68.7 cu km (2011)


Freshwater withdrawal (domestic/industrial/agricultural):
68.7 cu km (2011)

Natural hazards:
Azores subject to severe earthquakes


Environment - current issues:
soil erosion; air pollution caused by industrial and vehicle emissions; water pollution, especially in coastal areas


Environment - international agreements:
party to:Air Pollution, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Marine Life Conservation, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands, Whaling
signed, but not ratified:Air Pollution-Persistent Organic Pollutants, Air Pollution-Volatile Organic Compounds, Environmental Modification


Geography - note:
Azores and Madeira Islands occupy strategic locations along western sea approaches to Strait of Gibraltar



People and Society


Nationality:
noun: Portuguese (singular and plural)
adjective:Portuguese


Ethnic groups:
homogeneous Mediterranean stock; citizens of black African descent who immigrated to mainland during decolonization number less than 100,000; since 1990 East Europeans have entered Portugal


Languages:
Portuguese (official), Mirandese (official, but locally used)


Religions:
Roman Catholic 81%, other Christian 3.3%, other (includes Jewish, Muslim, other) 0.6%, none 6.8%, unspecified 8.3%


Population:
10,813,834 (July 2014 est.)country comparison to the world: 80


Age structure:
0-14 years:15.9% (male 893,902/female 821,062)
15-24 years:11.4% (male 654,102/female 579,440)
25-54 years:42.2% (male 2,304,503/female 2,260,556)
55-64 years:11.9% (male 599,380/female 685,279)
65 years and over:18.4% (male 824,062/female 1,191,548) (2014 est.)


Dependency ratios:
total dependency ratio:50.8 %
youth dependency ratio:22.1 %
elderly dependency ratio:28.7 %
potential support ratio:3.5 (2014 est.)


Median age:
total:41.1 years
male:39 years
female:43.3 years (2014 est.)


Population growth rate:
0.12% (2014 est.)country comparison to the world: 184


Birth rate:
9.42 births/1,000 population (2014 est.)country comparison to the world: 202


Death rate:
10.97 deaths/1,000 population (2014 est.)country comparison to the world: 36


Net migration rate:
2.74 migrant(s)/1,000 population (2014 est.)country comparison to the world: 36


Urbanization:
urban population:61.1% of total population (2011)
rate of urbanization:0.91% annual rate of change (2010-15 est.)


Major urban areas - population:
LISBON (capital) 2.843 million; Porto 1.367 million (2011)


Sex ratio:
at birth:1.07 male(s)/female
0-14 years:1.09 male(s)/female
15-24 years:1.13 male(s)/female
25-54 years:1.02 male(s)/female
55-64 years:0.95 male(s)/female
65 years and over:0.69 male(s)/female
total population:0.95 male(s)/female (2014 est.)


Mother's mean age at first birth:
29.2 (2011 est.)


Maternal mortality rate:
8 deaths/100,000 live births (2010)


Infant mortality rate:
total:4.48 deaths/1,000 live birthscountry comparison to the world: 188
male:4.92 deaths/1,000 live births
female:4.02 deaths/1,000 live births (2014 est.)


    Life expectancy at birth:
total population:79.01 yearscountry comparison to the world: 49
male:75.76 years
female:82.47 years (2014 est.)


Total fertility rate:
1.52 children born/woman (2014 est.)country comparison to the world: 189


Contraceptive prevalence rate:
86.8% (2005/06)


Health expenditures:
10.4% of GDP (2011)


Physicians density:
3.76 physicians/1,000 population (2009)


Hospital bed density:
3.4 beds/1,000 population (2010)


Drinking water source:
improved:
urban: 99.8% of population
rural: 99.9% of population
total: 99.8% of population
unimproved:
urban: 0.2% of population
rural: 0.1% of population
total: 0.2% of population (2012 est.)


Sanitation facility access:
improved:
urban: 100% of population
rural: 100% of population
total: 100% of population
unimproved:
urban: 0% of population
rural: 0% of population
total: 0% of population (2012 est.)


HIV/AIDS - adult prevalence rate:
0.6% (2009 est.)country comparison to the world: 63


HIV/AIDS - people living with HIV/AIDS:
42,000 (2009 est.)country comparison to the world: 65


HIV/AIDS - deaths:
fewer than 500 (2009 est.)country comparison to the world: 93


Obesity - adult prevalence rate:
24% (2008)country comparison to the world: 69


Education expenditures:
5.6% of GDP (2010)country comparison to the world: 55

Literacy:
definition:age 15 and over can read and write
total population:95.4%
male:97%
female:94% (2011 est.)


School life expectancy (primary to tertiary education):
total:16 years
male:16 years
female:17 years (2010)


Child labor - children ages 5-14:



Unemployment, youth ages 15-24:
total:37.6%country comparison to the world: 17
male:36.4%
female:39.1% (2012)


Government


Country name:
conventional long form: Portuguese Republic
conventional short form:Portugal
local long form:Republica Portuguesa
local short form:Portugal


Government type:
republic; parliamentary democracy


Capital:
name:Lisbon
geographic coordinates:38 43 N, 9 08 W
time difference:UTC 0 (5 hours ahead of Washington, DC, during Standard Time)
daylight saving time:+1hr, begins last Sunday in March; ends last Sunday in October


Administrative divisions:
18 districts (distritos, singular - distrito) and 2 autonomous regions* (regioes autonomas, singular - regiao autonoma); Aveiro, Acores (Azores)*, Beja, Braga, Braganca, Castelo Branco, Coimbra, Evora, Faro, Guarda, Leiria, Lisboa (Lisbon), Madeira*, Portalegre, Porto, Santarem, Setubal, Viana do Castelo, Vila Real, Viseu


Independence:
1143 (Kingdom of Portugal recognized); 5 October 1910 (republic proclaimed)


National holiday:
Portugal Day (Dia de Portugal), 10 June (1580); note - also called Camoes Day, the day that revered national poet Luis de Camoes (1524-80) died


Constitution:
several previous; latest adopted 2 April 1976, effective 25 April 1976; amended several times, last in 2005 (2013)


Legal system:
civil law system; Constitutional Court review of legislative acts


International law organization participation:
accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction


Suffrage:
18 years of age; universal


Executive branch:
chief of state:President Anibal CAVACO SILVA (since 9 March 2006)
head of government:Prime Minister Pedro Manuel PASSOS COELHO Mamede (since 21 June 2011)
cabinet:Council of Ministers appointed by the president on the recommendation of the prime minister
note:there is also a Council of State that acts as a consultative body to the president
elections:president elected by popular vote for a five-year term (eligible for a second term); election last held on 23 January 2011 (next to be held in January 2016); following legislative elections which must be held by October 2015, the leader of the majority party or leader of a majority coalition usually appointed prime minister by the president
election results:Anibal CAVACO SILVA reelected president; percent of vote - Anibal CAVACO SILVA 53%, Manuel ALEGRE 19.8%, Fernando NOBRE 14.1%, Francisco LOPES 7.1%, Manuel COELHO 4.5%, Defensor MOURA 1.6%


Legislative branch:
unicameral Assembly of the Republic or Assembleia da Republica (230 seats; members elected by popular vote to serve four-year terms)
elections:last held on 5 June 2011 (next to be held by October 2015)
election results:percent of vote by party - PPD/PSD 38%, PS 28%, CDS/PP 11%, PCP/PEV (see CDU) 7%, BE 5%, other 11%; seats by party - PPD/PSD 108, PS 74, CDS/PP 24, PCP/PEV (see CDU) 16, BE 8


Judicial branch:
highest court(s):Supreme Court or Supremo Tribunal de Justica (consists of 12 justices); Constitutional Court or Tribunal Constitucional (consists of 13 judges)
judge selection and term of office:Supreme Court justices nominated by the president and appointed by the Assembly of the Republic; judges appointed for life; Constitutional Court judges - 10 elected by the Assembly and 3 elected by the other Constitutional Court judges; judges elected for 6-year non-renewable terms
subordinate courts:Supreme Administrative Court (Supremo Tribunal Administrativo); Audit Court (Tribunal de Contas); appellate, district, and municipal courts


    Political parties and leaders:
Democratic and Social Center/Popular Party or CDS/PP [Paulo PORTAS]
Social Democratic Party or PPD/PSD [Pedro PASSOS COELHO]
Socialist Party or PS [Antonio Jose SEGURO]
The Left Bloc or BE [Joao Pedro Furtado da Cunha SEMEDO and Catarina Soares MARTINS
Unitarian Democratic Coalition or CDU [Jeronimo DE SOUSA] (includes Portuguese Communist Party or PCP and Ecologist Party ('The Greens') or PEV)


Political pressure groups and leaders:
Armed Forces Officers' Association (AOFA) [Colonel Pereira CRACEL]


International organization participation:
ADB (nonregional member), AfDB (nonregional member), Australia Group, BIS, CD, CE, CERN, CPLP, EAPC, EBRD, ECB, EIB, EMU, ESA, EU, FAO, FATF, IADB, IAEA, IBRD, ICAO, ICC (national committees), ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), LAIA (observer), MIGA, NATO, NEA, NSG, OAS (observer), OECD, OPCW, OSCE, Pacific Alliance (observer), Paris Club (associate), PCA, Schengen Convention, SELEC (observer), UN, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNMIT, UNSC (temporary), UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO, ZC


Diplomatic representation in the US:
chief of mission:Ambassador Nuno Filipe Alves Salvador e BRITO (since 10 February 2011)
chancery:2012 Massachusetts Avenue NW, Washington, DC 20036
telephone:[1] (202) 350-5400
FAX:[1] (202) 462-3726
consulate(s) general:Boston, New York, Newark (NJ), San Francisco
consulate(s):New Bedford (MA), Providence (RI)


Diplomatic representation from the US:
chief of mission:Ambassador Robert A. SHERMAN (since 12 February 2014)
embassy:Avenida das Forcas Armadas, 1600-081 Lisbon
mailing address:Apartado 43033, 1601-301 Lisboa; PSC 83, APO AE 09726
telephone:[351] (21) 727-3300
FAX:[351] (21) 726-9109
consulate(s):Ponta Delgada (Azores)


Flag description:
two vertical bands of green (hoist side, two-fifths) and red (three-fifths) with the national coat of arms (armillary sphere and Portuguese shield) centered on the dividing line; explanations for the color meanings are ambiguous, but a popular interpretation has green symbolizing hope and red the blood of those defending the nation


National symbol(s):
armillary sphere (a spherical astrolabe modeling objects in the sky and representing the Republic)


National anthem:
name:'A Portugesa' (The Song of the Portuguese)

lyrics/music:Henrique LOPES DE MENDOCA/Alfredo KEIL
note:adopted 1910; 'A Portuguesa' was originally written to protest the Portuguese monarchy's acquiescence to the 1890 British ultimatum forcing Portugal to give up areas of Africa; the lyrics refer to the 'insult' that resulted from the event


Economy


Economy - overview:
Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. Over the following two decades, successive governments privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. The country qualified for the Economic and Monetary Union (EMU) in 1998 and began circulating the euro on 1 January 2002 along with 11 other EU members. The economy grew by more than the EU average for much of the 1990s, but the rate of growth slowed in 2001-08. The economy contracted in 2009, and fell again from 2011 to 2013, as the government implemented spending cuts and tax increases to comply with conditions of an EU-IMF financial rescue package, signed in May 2011. Austerity measures also have contributed to record unemployment and a wave of emigration not seen since the 1960s. Booming exports will contribute to growth and employment in 2014, but the need to continue to reduce private- and public-sector debt could weigh on consumption and investment. The government of Pedro PASSOS COELHO has stated its intention to reduce labor market rigidity, and, this, along with steps to trim the budget deficit, could make Portugal more attractive to foreign investors. The government reduced the budget deficit from 10.1% of GDP in 2009 to 5.1% in 2013, lower than the EU-IMF fiscal target of 5.5%. Despite these efforts, public debt has continued to grow and, in 2013, stands among the highest in the EU. As a result, the government may have difficulty regaining full bond market financing when the EU-IMF financing program expires in May 2014.


GDP (purchasing power parity):
$243.3 billion (2013 est.)
country comparison to the world: 54
$247.7 billion (2012 est.)
$256 billion (2011 est.)
note:data are in 2013 US dollars


GDP (official exchange rate):
$219.3 billion (2013 est.)


GDP - real growth rate:
-1.8% (2013 est.)
country comparison to the world: 212
-3.2% (2012 est.)
-1.3% (2011 est.)


GDP - per capita (PPP):
$22,900 (2013 est.)
country comparison to the world: 64
$23,400 (2012 est.)
$24,000 (2011 est.)
note:data are in 2013 US dollars


Gross national saving:
15.4% of GDP (2013 est.)
country comparison to the world: 108
15% of GDP (2012 est.)
11.3% of GDP (2011 est.)


GDP - composition, by end use:
household consumption:64.8%
government consumption:18.1%
investment in fixed capital:15.5%
investment in inventories:-0.4%
exports of goods and services:42%
imports of goods and services:-40%
(2013 est.)


GDP - composition, by sector of origin:
agriculture:2.6%
industry:22.2%
services:75.2% (2013 est.)


Agriculture - products:
grain, potatoes, tomatoes, olives, grapes; sheep, cattle, goats, pigs, poultry, dairy products; fish


Industries:
textiles, clothing, footwear, wood and cork, paper, chemicals, auto parts, base metals, porcelain and ceramics, glassware, technology, telecommunications; dairy products, wine, other foodstuffs; ship construction and refurbishment; tourism


Industrial production growth rate:
-1% (2013 est.)
country comparison to the world: 174

Labor force:
5.395 million (2013 est.)
country comparison to the world: 70


Labor force - by occupation:
agriculture:11.7%
industry:28.5%
services:59.8% (2009 est.)


Unemployment rate:
16.8% (2013 est.)
country comparison to the world: 147
15.7% (2012 est.)


Population below poverty line:
18% (2006)


Household income or consumption by percentage share:
lowest 10%:3.1%
highest 10%:28.4% (1995 est.)


Distribution of family income - Gini index:
38.5 (2007)
country comparison to the world: 71
35.6 (1995)


Budget:
revenues:$95.49 billion
expenditures:$106.8 billion (2013 est.)


    Taxes and other revenues:
43.5% of GDP (2013 est.)
country comparison to the world: 25

Budget surplus (+) or deficit (-):
-5.1% of GDP (2013 est.)
country comparison to the world: 170


Public debt:
127.8% of GDP (2013 est.)
country comparison to the world: 6
123.6% of GDP (2012 est.)
note:data cover general government debt, and includes debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions


Fiscal year:
calendar year


Inflation rate (consumer prices):
0.4% (2013 est.)
country comparison to the world: 14
2.8% (2012 est.)


Central bank discount rate:
0.75% (31 December 2013)
country comparison to the world: 130
1.5% (31 December 2010)
note:this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area


Commercial bank prime lending rate:
6% (31 December 2013 est.)
country comparison to the world: 128
6.37% (31 December 2012 est.)


Stock of narrow money:
$86.57 billion (31 December 2013 est.)
country comparison to the world: 37
$88.92 billion (31 December 2012 est.)
note:see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders


Stock of broad money:
$283.9 billion (31 December 2013 est.)
country comparison to the world: 32
$301.5 billion (31 December 2012 est.)


Stock of domestic credit:
$408.3 billion (31 December 2013 est.)
country comparison to the world: 31
$433.6 billion (31 December 2012 est.)


Market value of publicly traded shares:
$65.53 billion (31 December 2012 est.)


Current account balance:
$1 billion (2013 est.)
country comparison to the world: 49
-$3.365 billion (2012 est.)


Exports:
$61 billion (2013 est.)
country comparison to the world: 54
$58.29 billion (2012 est.)


Exports - commodities:
agricultural products, food products, wine, oil products, chemical products, plastics and rubber, hides, leather, wood and cork, wood pulp and paper, textile materials, clothing, footwear, machinery and tools, base metals


Exports - partners:
Spain 22.7%, Germany 12.4%, France 11.9%, Angola 6.5%, UK 5.3%, Netherlands 4.2% (2012)


Imports:
$59 billion (2013 est.)
country comparison to the world: 51
$72.35 billion (2012 est.)


Imports - commodities:
agricultural products, chemical products, vehicles and other transport material, optical and precision instruments, computer accessories and parts, semi-conductors and related devices, oil products, base metals, food products, textile materials


Imports - partners:
Spain 32%, Germany 11.5%, France 6.7%, Italy 5.3%, Netherlands 4.9% (2012)


Reserves of foreign exchange and gold:
$22.66 billion (31 December 2012 est.)
country comparison to the world: 55
$21.34 billion (31 December 2011 est.)


Debt - external:
$508.3 billion (31 December 2012 est.)
country comparison to the world: 26
$482.2 billion (31 December 2011)


Stock of direct foreign investment - at home:
$121.6 billion (31 December 2013 est.)
country comparison to the world: 38
$117.2 billion (31 December 2012 est.)


Stock of direct foreign investment - abroad:
$71.26 billion (31 December 2013 est.)
country comparison to the world: 32
$71.26 billion (31 December 2012 est.)


Exchange rates:
euros (EUR) per US dollar -
0.7634 (2013 est.)
0.7752 (2012 est.)
0.755 (2010 est.)
0.7198 (2009 est.)
0.6827 (2008 est.)


Energy


Electricity - production:
49.92 billion kWh (2011 est.)
country comparison to the world: 52


Electricity - consumption:
50.26 billion kWh (2010 est.)
country comparison to the world: 47


Electricity - exports:
2.873 billion kWh (2012 est.)
country comparison to the world: 36


Electricity - imports:
10.76 billion kWh (2012 est.)
country comparison to the world: 20


Electricity - installed generating capacity:
18.92 million kW (2010 est.)
country comparison to the world: 39


Electricity - from fossil fuels:
49% of total installed capacity (2010 est.)
country comparison to the world: 157


Electricity - from nuclear fuels:
0% of total installed capacity (2010 est.)
country comparison to the world: 163


Electricity - from hydroelectric plants:
21.5% of total installed capacity (2010 est.)
country comparison to the world: 87


Electricity - from other renewable sources:
24.1% of total installed capacity (2010 est.)
country comparison to the world: 6


Crude oil - production:
5,250 bbl/day (2012 est.)
country comparison to the world: 98


Crude oil - exports:
0 bbl/day (2010 est.)
country comparison to the world: 169


Crude oil - imports:
222,300 bbl/day (2010 est.)
country comparison to the world: 31


    Crude oil - proved reserves:
0 bbl (1 January 2013 est.)
country comparison to the world: 177


Refined petroleum products - production:
252,200 bbl/day (2010 est.)
country comparison to the world: 49


Refined petroleum products - consumption:
259,700 bbl/day (2011 est.)
country comparison to the world: 48


Refined petroleum products - exports:
61,010 bbl/day (2010 est.)
country comparison to the world: 57


Refined petroleum products - imports:
84,080 bbl/day (2010 est.)
country comparison to the world: 55


Natural gas - production:
4.904 billion cu m (2012 est.)
country comparison to the world: 52


Natural gas - consumption:
5.143 billion cu m (2010 est.)
country comparison to the world: 61


Natural gas - exports:
0 cu m (2011 est.)
country comparison to the world: 166


Natural gas - imports:
5.185 billion cu m (2011 est.)
country comparison to the world: 35


Natural gas - proved reserves:
0 cu m (1 January 2013 est.)
country comparison to the world: 184


Carbon dioxide emissions from consumption of energy:
54.17 million Mt (2011 est.)



Communications


Telephones - main lines in use:
4.558 million (2012)
country comparison to the world: 35


Telephones - mobile cellular:
12.312 million (2012)
country comparison to the world: 70


Telephone system:
general assessment:Portugal's telephone system has a state-of-the-art network with broadband, high-speed capabilities
domestic:integrated network of coaxial cables, open-wire, microwave radio relay, and domestic satellite earth stations
international:country code - 351; a combination of submarine cables provide connectivity to Europe, North and East Africa, South Africa, the Middle East, Asia, and the US; satellite earth stations - 3 Intelsat (2 Atlantic Ocean and 1 Indian Ocean), NA Eutelsat; tropospheric scatter to Azores (2010)



    Broadcast media:
Radio e Televisao de Portugal (RTP),the publicly-owned TV broadcaster, operates 2 domestic channels and external service channels to Africa; overall, roughly 40 domestic TV stations; viewers have widespread access to international broadcasters with more than half of all households connected to multi-channel cable or satellite TV systems; publicly owned radio operates 3 national networks and provides regional and external services; several privately owned national radio stations and some 300 regional and local commercial radio stations (2008)


Internet country code:
.pt


Internet hosts:
3.748 million (2012)
country comparison to the world: 28


Internet users:
5.168 million (2009)
country comparison to the world: 45



Transportation


Airports
64 (2013)
country comparison to the world: 76


Airports - with paved runways
total:43
over 3,047 m:5
2,438 to 3,047 m:7
1,524 to 2,437 m:8
914 to 1,523 m:15
under 914 m:8 (2013)


Airports - with unpaved runways
total:21
914 to 1,523 m:1
under 914 m:
20 (2013)


Pipelines
gas 1,344 km; oil 11 km; refined products 188 km (2013)


Railways
total:3,319 kmcountry comparison to the world: 53
broad gauge:2,700 km 1.668-m gauge (1,436 km electrified)
narrow gauge:192 km 1.000-m gauge; 427 km 0.760-m gauge (2008)


    Roadways
total:82,900 kmcountry comparison to the world: 57
paved:71,294 km (includes 2,613 km of expressways)
unpaved:11,606 km (2008)


Waterways
210 km (on Douro River from Porto) (2011)
country comparison to the world: 96


Merchant marine
total:109country comparison to the world: 50
by type:bulk carrier 8, cargo 35, carrier 1, chemical tanker 21, container 7, liquefied gas 6, passenger 13, passenger/cargo 5, petroleum tanker 3, roll on/roll off 1, vehicle carrier 9
foreign-owned:81 (Belgium 8, Colombia 1, Denmark 4, Germany 14, Greece 2, Italy 12, Japan 9, Mexico 1, Norway 2, Spain 18, Sweden 3, Switzerland 3, US 4)
registered in other countries:15 (Cyprus 2, Malta 3, Panama 10) (2010)



Ports and terminals
major seaport(s):Leixoes, Lisbon, Setubal, Sines


Military


Military branches
Portuguese Army (Exercito Portuguesa), Portuguese Navy (Marinha Portuguesa; includes Marine Corps), Portuguese Air Force (Forca Aerea Portuguesa, FAP) (2013)


Military service age and obligation
18-30 years of age for voluntary military service; no compulsory military service, but conscription possible if insufficient volunteers available; women serve in the armed forces, on naval ships since 1993, but are prohibited from serving in some combatant specialties; reserve obligation to age 35 (2012)


Manpower available for military service
males age 16-49:2,566,264
females age 16-49:2,458,297 (2010 est.)


Manpower fit for military service
males age 16-49:2,103,080
females age 16-49:2,018,004 (2010 est.)


    Manpower reaching militarily significant age annually
male:62,208
female:54,786 (2010 est.)


Military expenditures
1.29% of GDP (2014)
country comparison to the world: 80
1.2% of GDP (2013)
1.78% of GDP (2012)


Transnational Issues


Disputes - international
Portugal does not recognize Spanish sovereignty over the territory of Olivenza based on a difference of interpretation of the 1815 Congress of Vienna and the 1801 Treaty of Badajoz


    Refugees and internally displaced persons
stateless persons:553 (2012)


Illicit drugs
seizing record amounts of Latin American cocaine destined for Europe; a European gateway for Southwest Asian heroin; transshipment point for hashish from North Africa to Europe; consumer of Southwest Asian heroin

Information provided by CIA - The World Fact Book



Doing Business in Portugal 2017


           
 

 
Portugal

  Ease of Doing Business Rank
Overall DTF
25
77.40
 
 
Starting a Business (rank)
32
 
 
Protecting Minority Investors (rank)
70
 
  DTF
92.85
 
  DTF
56.67
 
  Procedures - Men (number)
5.0
 
  Strength of minority investor protection index (0-10)
5.7
 
  Time - Men (number)
4.5
 
  Extent of conflict of interest regulation index (0-10)
6.0
 
  Cost - Men (days)
2.1
 
  Extent of disclosure index (0-10)
6.0
 
  Procedures - Women (days)
5.0
 
  Extent of director liability index (0-10)
5.0
 
  Time - Women (% of income per capita)
4.5
 
  Ease of shareholder suits index (0-10)
7.0
 
  Cost - Women (% of income per capita)
2.1
 
  Extent of shareholder governance index (0-10)
5.3
 
  Paid-in min. capital (% of income per capita)
0.0
 
  Extent of shareholder rights index (0-10)
4.0
 
 

 
  Extent of ownership and control index (0-10)
6.0
 
  Dealing with Construction Permits (rank)
35
 
  Extent of corporate transparency index (0-10)
6.0
 
  DTF
76.47
 
 

 
  Procedures (number)
14.0
 
  Paying Taxes (rank)
38
 
  Time (days)
113.0
 
  DTF
83.75
 
  Cost (% of warehouse value)
1.3
 
  Payments (number per year)
8.0
 
  Building Quality Control Index(0-15)
11.0
 
  Time (hours per year)
243.0
 
  Quality of building regulations index (0-2)
2.0
 
  Total tax rate (% of profit)
39.8
 
  Quality control before construction index (0-1)
1.0
 
  Profit tax (% of profit)
12.5
 
  Quality control during construction index (0-3)
2.0
 
  Labor tax and contributions (% of profit)
26.8
 
  Quality control after construction index (0-3)
3.0
 
  Other taxes (% of profit)
0.6
 
  Liability and insurance regimes index (0-2)
1.0
 
  Postfiling index (0-100)
92.7
 
  Professional certifications index (0-4)
2.0
 
 
 
 
   
 
 
  Trading Across Borders (rank)
1
 
  Getting Electricity (rank)
50
 
  DTF
100.00
 
  DTF
80.72
 
  Time to export: Border compliance (hours)
0
 
  Procedures (number)
7.0
 
  Cost to export: Border compliance (USD)
0
 
  Time (days)
41.0
 
  Time to export: Documentary compliance (hours)
1
 
  Cost (% of income per capita)
37.3
 
  Cost to export: Documentary compliance (hours) (USD)
0
 
  Reliability of supply and transparency of tariff index (0-8)
8.0
 
  Time to import: Border compliance (hours)
0
 
  Total duration and frequency of outages per customer a year (0-3)
3.0
 
  Cost to import: Border compliance (USD)
0
 
  Mechanisms for monitoring outages (0-1)
1.0
 
  Time to import: Documentary compliance (hours)
1
 
  Mechanisms for restoring service (0-1)
1.0
 
  Cost to import: Documentary compliance (USD)
0
 
  Regulatory monitoring (0-1)
1.0
 
   
 
 
  Financial deterrents aimed at limiting outages (0-1)
1.0
 
  Enforcing Contracts (rank)
19
 
  Communication of tariffs and tariff changes (0-1)
1.0
 
  DTF
73.01
 
  Price of electricity (US cents per kWh)
18.3
 
  Time (days)
547.0
 
   
 
 
  Cost (% of claim)
13.8
 
  Registering Property (rank)
27
 
  Quality of judicial processes index (0-18)
12.5
 
  DTF
80.26
 
   
 
 
  Procedures (number)
1.0
 
  Resolving Insolvency (rank)
7
 
  Time (days)
1.0
 
  DTF
85.24
 
  Cost (% of property value)
7.3
 
  Recovery rate (cents on the dollar)
74.2
 
  Quality of the land administration index (0-30)
21.0
 
  Time (years)
2.0
 
  Reliability of infrastructure index (0-8)
7.0
 
  Cost (% of estate)
9.0
 
  Transparency of information index (0-6)
4.5
 
  Outcome (0 as piecemeal sale and 1 as going concern)
1
 
  Geographic coverage index (0-8)
4.0
 
  Strength of insolvency framework index (0-16)
14.5
 
  Land dispute resolution index (0-8)
5.5
 
  Commencement of proceedings index (0-3)
3.0
 
  Equal access to property rights index (-2-0)
0.0
 
  Management of debtor's assets index (0-6)
5.5
 
 
 
 
  Reorganization proceedings index (0-3)
3.0
 
  Getting Credit (rank)
101
 
  Creditor participation index (0-4)
3.0
 
  DTF
45.00
 
   
 
 
  Strength of legal rights index (0-12)
2.0
 
   
 
 
  Depth of credit information index (0-8)
7.0
 
 
 
 
  Credit registry coverage (% of adults)
100.0
 
   
 
 
  Credit bureau coverage (% of adults)
7.8
 
 
 
 
 

 
   
 
 
 
 
 
 



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