Tuesday, January 21, 2014

Rank and Economy

The rank of Portugal from the poorest is 150th and from the richest is 49th. Its gdp per capita using atlas method in 003 is 12,130 $. while in other measurement such as IMF,WB and CIA using nominal method in 2007, 2007 and 2008 is
Lisboa - Expo98 - Vista Geral.jpg
A considerable part of continental Portugal is dedicated to agriculture, although it does not represent most of the economy. The south has developed an extensive monoculture of cereals and olive trees and the Douro Valley in vineyards. Olive trees (4,000 km2; 1,545 sq mi), vineyards (3,750 km2; 1,450 sq mi), wheat (3,000 km2; 1,160 sq mi) and maize (2,680 km2; 1,035 sq mi) are produced in vast areas. Portuguese wine and olive oil are especially praised by nationals for their quality, thus external competition (even at much lower prices) has had little effect on consumer demand.
Portugal is a traditional wine grower, and has exported its wines since the dawn of western civilization; Port WineVinho Verdeand Madeira Wine are the leading wine exporters. Portugal is also a quality producer of fruits, namely the Algarve oranges,cherries (large production in Cova da Beira and Alto Alentejo), and Oeste region's pêra rocha (a type of pear). Other exports include horticulture and floriculture products, beet sugar, sunflower oil, cork, and tobacco.
The Portuguese fishing industry is fairly large and diversified. Fishing vessels classified according to the area in which they operate, can be divided into local fishing vessels, coastal fishing vessels and long-distance fishing vessels. The local fleet is mainly composed of small traditional vessels (less than 5 GRT), comprising, in 2004, 87% of the total fishing fleet and accounting for 8% of the total tonnage. These vessels are usually equipped to use more than one fishing method, such as hooks, gill nets and traps, and constitute the so-called polyvalent segment of the fleet.
Their physical output is low but reasonable levels of income are attained by virtue of the high commercial value of the species they capture: octopus, black scabbardfish, conger, pouting, hake and anglerfish. Purse seine fishing is also part of the local fleet and has, on the mainland, only one target species: the sardine. This fishery represents 37% of total landings. Portugal's Exclusive Economic Zone has 1,727,408 km2.
The coastal fishing fleet accounted for only 13% of vessels but had the largest GRT (93%). These vessels operate in areas farther from the coast, and even outside the Portugal's Exclusive Economic Zone. The coastal fishing fleet comprises polyvalent, purse seine and trawl fishing vessels. The trawlers operate only on the mainland shelf and target demersal species such as horse mackerel, blue whiting, octopus and crustaceans.
The crustacean trawling fishery targets Norway lobster, red shrimp and deepwater rose shrimp. The most important fish species landed in Portugal in 2004 were sardine, mackerel and horse mackerel, representing 37%, 9% and 8% of total landings by weight, and 13%, 1% and 8% of total value, respectively. Molluscs accounted for only 12% of total landings in weight, but 22% of total landings in value. Crustaceans were 0.6% of the total landings by weight and 5% by value.


Oeiras Municipality, in Lisbon Metropolitan Area, has headquarters of several Portuguese subsidiaries of major multinational companies.
The major industries include: oil refineriespetrochemistry, cement production, automotive and ship industries, electrical (mainly from renewable sources) and electronics industries, machinerypulp and paper industryinjection mouldingplastic products, textile, footwear, leather, furniture,ceramics, beverages and food industry and cork (leader producer). Automotive and other mechanical industries are primarily located in and aroundSetúbalPorto, Lisbon, AveiroBraga, and Santarém.
Coimbra and Oeiras have growing technological-based industries, including pharmaceuticals and software. Sines is a major petrochemical centre.Maia has one of the largest industrial parks of the country, including noted wood processing and food industries. Figueira da Foz is a major centre of pulp and paper industry. Marinha Grande is the most reputed glass making centre of Portugal. LeiriaOliveira de AzeméisVale de Cambra andViseu, have important light industries, including injection moulding and plastics.
Modern non-traditional technology-based industries like aerospacebiotechnology and information technology, have been developed in several locations across the country. AlvercaCovilhã,[43] Évora,[44] and Ponte de Sor are the main centres of Portuguese aerospace industry, which is led by Brazil-based company Embraer and the Portuguese company OGMA. Since after the turn of the 21st century, many major biotechnology and information technology industries have been founded and are concentrated in the metropolitan areas of LisbonPorto, Braga, Coimbra and Aveiro.


Since the late 1990s, when Wind Power was virtually inexistent in Portugal, the country has become the 6th producer of this kind of renewable energy. Along with the traditional Hydroelectric energy, the Portuguese companies, including the biggest one in the country - EDP - and with the support of the government have heavily invested in new kinds of renewable energy, from then on. In 2010, 52% of the energy produced in Portugal was renewable. From January to November 2013, around 63% of the energy produced was renewable, including 29.7% hydroelectric, 22.8% from wind, 5.3% from biomass and 0.9% solar energy. Thanks to this energetic strategy, during 2013 (until November) Portugal had reduced to only 5.4% the energy that it imports. Fossil fuels are still the source of 35.9% or the energy, but the trend is to diminish. From the beginning, Portugal has opted not to invest in Nuclear Power, so there isn't any Plant of that kind in the country.[45]


The tertiary sector has grown, producing 66% of the GDP and providing jobs for 52% of the working population. The most significant growth rates are found in the trade sector, due to the introduction of modern means of distribution, transport and telecommunications. Financial tertiary have benefited from privatisation, also gaining in terms of efficiency. Tourism in Portugal has developed significantly and generates approximately 5% of the wealth produced in Portugal.