Portugal Economy - 1986

GEOGRAPHICAL NAMES 

GNP: 819.2 billion (1984); 15% government consumption, 71% private consumption; 23% fixed capital formation; —0.7% change in stocks; —8% net exports; real growth rate -1.7% (1984)

Natural resources: fish, forests (cork), tungsten, iron, uranium ores

Agriculture: generally underdeveloped; main crops—grains, potatoes, olives, grajies for wine, deficit foods—sugar, grain meat, fish, oilseed

Fishing: catch 243,423 metric tons (1984)

Major industries: textiles and footwear; wood pulp, paper, and cork metalworking; oil refining; chemicals; fish canning; wine

Crude steel: 690,675 tons produced (1983), 69 kg per capita

Electric power: 5,124,000 kW capacity (1985); 16.829 billion kWh produced (1985), 1,675 kWh per capita

Exports: $5.2 billion (f.o.b., 1984); principal items—cotton textiles, cork and cork products, canned fish, wine, timber and timber products, resin, machinery, and appliances

Imports: $7 8 billion (c.i.f., 1984); principal items—petroleum, cotton, industrial machinery, iron and steel, chemicals

Major trade partners: 58% EC, 9% US, 2% Communist countries, 18% other developed countries, 11% less developed countries

Aid: economic authorizations—US, including Ex-Im, $1 5 billion (FY70-84); other Western countries (OD A and OOF), $749 million (1970-82); military authorizations— US, $475 million (FY70-84)

Budget: (1984) expenditures, $7.0 billion; revenues, $4.5 billion; deficit, $2.5 billion

Monetary conversion rate: 163.31 escudos=US$l (October 1985)

Fiscal year: calendar year

NOTE: The information regarding Portugal on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Portugal 1986 information contained here. All suggestions for corrections of any errors about Portugal 1986 should be addressed to the CIA or the source cited on each page.