Europe > Southern Europe > Portugal


Capital: Lisbon ; GDP growth (annual %) 2016 : 1.4%
Key Facts

Full name: Portuguese Republic

Population: 10.7 million (UN, 2011)
Area: 92,345 sq km (35,655 sq miles)
Major language: Portuguese
Major religion: Christianity
Life expectancy: 77 years (men), 83 years (women) (UN)
Monetary unit: 1 euro = 100 cents
Main exports: Textiles and clothing, wood products, electrical equipment
GNI per capita: US $21,880 (World Bank, 2010)
Internet domain: .pt
International dialling code: +351

  • Climate change laws around the world


    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

  • Brexit negotiations should treat energy as ‘special case’


    There are strong practical reasons why the UK and EU should treat energy as a appropriate case during Brexit negotiations, argues a new statement.

    The statement, jointly authored by Chatham Home, the University of Exeter and the UK Energy Research Centre (UKERC), says finding common ground on energy during the Brexit negotiations would benefit both the UK and remaining EU27, while compromise may be relatively easier to achieve than for other areas.

  • Portuguese banks weather the storm


    Portugal’s banks may be battling an economic downturn and the next-effects of the Banco Espírito Santo collapse, but they are still preparing for a return to profitability.

    Portuguese banking is in flux. The catastrophic collapse in 2014 of Banco Espírito Santo (BES), one the country’s oldest and best-known lenders, has shifted the tectonic plates of a sector by presently severely buffeted by the world financial crisis and a three-year international bailout.

  • China’s business in Portuguese-speaking countries continues to increase


    The re-opening of the Benguela railway in 2014 will remain as China’s flagship project in Angola, but as well as a symbol of a year in which the relationship between China and Portuguese-speaking nations continued to increase.

    Chinese ties with Angola, Mozambique and Cabo Verde (Cape Verde) involve Macau and Portugal, which in 2014 saw Chinese investment in the country rise to 10 billion euros, with several new deals expected in 2015, this time in the financial sector.

  • China proposes 3-year action plan in Macau


    Economic and trade cooperation between China and the Portuguese-speaking nations will be deepened, Chinese Vice Premier Wang Yang guaranteed on Tuesday in Macau, announcing an eight-point plan with specific measures to be implemented between 2014 and 2016.

    In the opening speech of the fourth Ministerial Conference of Forum Macau, Wang said that the initial of those measures would be the Chinese government’s granting of subsidised loans worth 1.8 billion yuan (US$293 million) to the Portuguese-speaking African and Asian Forum member nations.

  • Portugal looking beyond tentative recovery


    While Portugal has moved out of recession – just – its recovery seems tentative at best. Its economy minister, however, is optimistic about the country's next, and tells Silvia Pavoni that its strong exports to nations outside of the eurozone in particular point to better times ahead.

  • Portugal’s minister of economy, Álvaro Santos Pereira


    Portugal started 2013 in a relatively hopeful mood. The country returned to the long-term deficit market for the prime time since being bailed out in 2011 with an offer that increased the size of an existing €6bn bond maturing in 2017. The additional money raised was €2.5bn, following request that was reportedly in excess of €12bn, mainly coming from foreign investors. Even additional hopeful was the cost of borrowing for the new funds, which was less than 5%.