Background: Following its heyday as a world power during the 15th and 16th centuries Portugal lost much of its wealth and status with the destruction of Lisbon in a 1755 earthquake occupation during the Napoleonic Wars and the loss of its Brazilian colony in 1822. A 1910 revolution deposed the monarchy; for most of the next six decades repressive governments ran the country. In 1974 a left-wing military coup installed broad democratic reforms. The following year Portugal granted independence to all of its African colonies. Portugal entered the EC in 1985.
Ethnic groups: homogeneous Mediterranean stock; citizens of black African descent who immigrated to mainland during decolonization number less than 100,000
Constitution: 25 April 1976 revised 30 October 1982 1 June 1989 5 November 1992 and 3 September 1997
Legal system: civil law system; the Constitutional Tribunal reviews the constitutionality of legislation; accepts compulsory ICJ jurisdiction with reservations
Legislative branch: unicameral Assembly of the Republic or Assembleia da Republica (230 seats; members are elected by popular vote to serve four-year terms)
Judicial branch: Supreme Court or Supremo Tribunal de Justica judges appointed for life by the Conselho Superior da Magistratura
Political parties and leaders: Popular Party or PP [Paulo PORTAS]; Portuguese Communist Part/United Democratic Coalition or PCP/CDU [Carlos CARVALHAS]; Portuguese Socialist Party or PSP [Antonio GUTERRES]; Social Democratic Party or PSD [Jose Manuel DURAO BARROSO]; The Left Bloc [Francisco LOUCA]
International organization participation: AfDB Australia Group BIS CCC CE CERN EAPC EBRD ECE ECLAC EIB EMU EU FAO IADB IAEA IBRD ICAO ICC ICFTU ICRM IDA IEA IFAD IFC IFRCS IHO ILO IMF IMO Inmarsat Intelsat Interpol IOC IOM ISO ITU LAIA (observer) MINURSO NAM (guest) NATO NEA NSG OAS (observer) OECD OPCW OSCE PCA UN UNCTAD UNESCO UNIDO UNMIBH UNMIK UNMOP UPU WCL WEU WFTU WHO WIPO WMO WToO WTrO ZC
Flag description: two vertical bands of green (hoist side two-fifths) and red (three-fifths) with the Portuguese coat of arms centered on the dividing line
Economy overview: Portugal is an upcoming capitalist economy with a per capita GDP two-thirds that of the four big West European economies. In 1999 it continued to enjoy sturdy 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 1999 2.4% was comfortably low. 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 remain stable in 2000 as the economic integration of Europe proceeds. Improvement in the education sector is critical to the catch-up process.
Exports: $25 billion (f.o.b. 1998) Commodities: clothing and footwear machinery chemicals cork and paper products hides Partners: EU 82% (Germany 20% Spain 16% France 14% UK 12% Netherlands 5% Benelux 5% Italy) US 5% (1998)
Imports: $34.9 billion (f.o.b. 1998) Commodities: machinery and transport equipment chemicals petroleum textiles agricultural products Partners: EU 77% (Spain 24% Germany 15% France 11% Italy 8% UK 7% Netherlands 5%) US Japan (1998)