1143 (independent republic proclaimed 5 October 1910)
National holiday:
Portugal Day, 10 June (1580)
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
Suffrage:
18 years of age; universal
Executive branch:
chief of state: President Jorge SAMPAIO (since 9 March 1996)
note: there is also a Council of State that acts as a consultative body to the president
head of government: Prime Minister Jose Manuel DURAO Barroso (since 6 April 2002)
cabinet: Council of Ministers appointed by the president on the recommendation of the prime minister
elections: president elected by popular vote for a five-year term; election last held 14 January 2001 (next to be held NA January 2006); following legislative elections, the leader of the majority party or leader of a majority coalition is usually appointed prime minister by the president
election results: Jorge SAMPAIO reelected president; percent of vote - Jorge SAMPAIO (Socialist) 55.8%, Joaquim FERREIRA Do Amaral (Social Democrat) 34.5%, Antonio ABREU (Communist) 5.1%
Legislative branch:
unicameral Assembly of the Republic or Assembleia da Republica (230 seats; members are elected by popular vote to serve four-year terms)
elections: last held 17 March 2002 (next to be held NA 2006)
election results: percent of vote by party - PSD 40.1%, PS 37.8%, PP 8.7%, PCP/PEV 6.9%, The Left Bloc 2.7%; seats by party - PSD 105, PS 96, PP 14, PCP/PEV 12, The Left Bloc 3
Judicial branch:
Supreme Court or Supremo Tribunal de Justica (judges appointed for life by the Conselho Superior da Magistratura)
Political parties and leaders:
The Greens or PEV [no leader]; Popular Party or PP [Paulo PORTAS]; Portuguese Communist Party/The Greens or PCP/PEV [Carlos CARVALHAS]; Portuguese Socialist Party or PS [Eduardo Ferro RODRIGUES]; Social Democratic Party or PSD [Jose Manuel DURAO Barroso]; United Democratic Coalition or CDU [leader NA]; The Left Bloc [no leader]
chief of mission: Ambassador Pedro Manuel Dos Reis Alves CATARINO
consulate(s): Los Angeles, New Bedford (Massachusetts), Providence (Rhode Island)
consulate(s) general: Boston, New York, Newark (New Jersey), and San Francisco
FAX: [1] (202) 462-3726
telephone: [1] (202) 328-8610
chancery: 2125 Kalorama Road NW, Washington, DC 20008
Diplomatic representation from the US:
chief of mission: Ambassador John N. PALMER
embassy: Avenida das Forcas Armadas, 1600-081 Lisbon, Apartado 4258, 1507 Lisboa CODEX
mailing address: PSC 83, APO AE 09726
telephone: [351] (21) 727-3300
FAX: [351] (21) 727-9109
consulate(s): Ponta Delgada (Azores)
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
Portugal has become a diversified and increasingly service-based economy since joining the European Community in 1986. Over the past decade, successive governments have privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. The country qualified for the European Monetary Union (EMU) in 1998 and began circulating its new currency, the euro, on 1 January 2002 along with 11 other EU member economies. Economic growth has been above the EU average for much of the past decade, but fell back in 2001-02. GDP per capita stands at 75% of that of the leading EU economies. A poor educational system, in particular, has been an obstacle to greater productivity and growth. Portugal has been increasingly overshadowed by lower-cost producers in Central Europe and Asia as a target for foreign direct investment. The new coalition government faces tough choices in its attempts to boost Portugal's economic competitiveness and to keep the budget deficit within the 3% EU ceiling.
GDP:
purchasing power parity - $182 billion (2002 est.)
clothing and footwear, machinery, chemicals, cork and paper products, hides
Exports - partners:
EU 79.7% (Germany 19.2%, Spain 18.6%, France 12.6%, UK 10.3%, Benelux 5.4%), US 5.8% (2001)
Imports:
$39 billion f.o.b. (2001)
Imports - commodities:
machinery and transport equipment, chemicals, petroleum, textiles, agricultural products
Imports - partners:
EU 74.2% (Spain 26.5%, Germany 13.9%, France 10.3%, Italy 6.7%, UK 5.0%), US 3.8%, Japan 1.9% (2001)
Debt - external:
$13.1 billion (1997 est.)
Economic aid - donor:
ODA, $271 million (1995) (1995)
Currency:
euro (EUR); Portuguese escudo (PTE)
note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries
Currency code:
EUR; PTE
Exchange rates:
euros per US dollar - 1.1324 (January 2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999); Portuguese escudos per US dollar - 180.10 (1998), 175.31 (1997)