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PORTUGAL ECONOMY OVERVIEW Business Mission PORTUGAL - SLOVAKIA 9 July 2009. PORTUGAL. European Union 27. Main features - 2008. Inflation rate 2.6% excl. energy 2.2% Unemployment 7.6% Public Deficit 2.6% Tax revenue 36.8% (%GDP, 2007). (% GDP) Exports 33% Imports 42%
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PORTUGAL ECONOMY OVERVIEW Business Mission PORTUGAL - SLOVAKIA 9 July 2009
PORTUGAL European Union 27
Main features - 2008 Inflation rate2.6% excl. energy2.2% Unemployment7.6% Public Deficit 2.6% Tax revenue 36.8% (%GDP, 2007) (% GDP) Exports33% Imports42% Foreign InvestmentStock(2007) Inward51% Outward31% GDP M€ 166 128 GDP p/cap€ 15 640 Population10.6 mio Employment Rate 68.2%
GROSS DOMESTIC PRODUCT Real growth rate Source: INE , Eurostat
ECONOMY OVERVIEW ... through external trade
EXPORTS STRUCTURE EVOLUTION Main Sectors - 1985-2008 (% total) Source: INE
... world performing clusters Moulds Biotechnology Automotive Forestry Technical fabrics Main Sectors in Trade - 2008 (% total) Source: INE
... leading niche provider 12 10,8 % Technical Assistance Services 10 Construction Services 8 ICT Services 6 Tourism 3,8 % 4 2 0 1996 2008 SIGNIFICANT GROWTH OF SERVICES EXPORTS (% GDP) Source: Balance of Payments, Banco de Portugal
DIVERSIFYING EXPORT DESTINATIONS … growing in Portuguese speaking countries
PORTUGAL MAIN STRENGHTS
Portugal Macau Cape Verde Guinea-Bissau Sao Tome and Principe East Timor Angola Mozambique Brazil Strong investment in all Portuguese speaking countries Logistic Platforms Network and privileged access Access to 230 Millions Consumers Most modern telecom networks A GEOSTRATEGIC LOCATION • New stage on Globalisation • Main investor in Brazil, Angola…
solar wave hydro wind Share of renewable energy in gross electric consumption - 2007 4th Portugal30.1% EU 27 15.6% biomass BUILDING ON NEW CHALLENGES - RENEWABLE ENERGY 4th world wind energy producer
THE CAPACITY OF CHANGING • e-Government availability • e-Government Sophistication Technological Plan fostering company innovation and broadband Investment Administrative Simplification Company on time Mobile Broadband - high penetration - 3 rd country of EU27 R&D Centers of multinational companies 90% 70% 59% 50% 90% 82% 78% 77%
ECONOMIC INFORMATION PORTUGAL www.aip.pt
MAGNA CARTA FOR COMPETITIVENESS ANNUAL REPORTS ON COMPETITIVENESS BENCHMARKS AND RECOMMENDATIONS
Information • Economic Key short-term indicators Structural indicators Forecasts