Country name conventional long form: Portuguese Republic conventional short form: Portugal local long form: Republica Portuguesa local short form: Portugal 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 independence in 1822 of Brazil as a colony. 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 (now the EU) in 1986.Location Southwestern Europe, bordering the North Atlantic Ocean, west of Spain Area total: 92,391 sq km land: 91,951 sq km note: includes Azores and Madeira Islands water: 440 sq km Area - comparative slightly smaller than Indiana Coastline 1,793 km Climate maritime temperate; cool and rainy in north, warmer and drier in south Terrain mountainous north of the Tagus River, rolling plains in south Elevation extremes lowest point: Atlantic Ocean 0 m highest point: Ponta do Pico (Pico or Pico Alto) on Ilha do Pico in the Azores 2,351 m Natural hazards Azores subject to severe earthquakes Environment - current issues soil erosion; air pollution caused by industrial and vehicle emissions; water pollution, especially in coastal areas Geography - note Azores and Madeira Islands occupy strategic locations along western sea approaches to Strait of Gibraltar Population 10,102,022 (July 2003 est.) Age structure 0-14 years: 16.8% (male 874,198; female 825,742) 15-64 years: 67.2% (male 3,326,957; female 3,461,425) 65 years and over: 16% (male 651,697; female 962,003) (2003 est.) Median age total: 37.6 years male: 35.8 years female: 39.3 years (2002) Sex ratio at birth: 1.07 male(s)/female under 15 years: 1.06 male(s)/female 15-64 years: 0.96 male(s)/female 65 years and over: 0.68 male(s)/female total population: 0.92 male(s)/female (2003 est.) Nationality noun: Portuguese (singular and plural) adjective: Portuguese Ethnic groups homogeneous Mediterranean stock; citizens of black African descent who immigrated to mainland during decolonization number less than 100,000; since 1990 East Europeans have entered Portugal Religions Roman Catholic 94%, Protestant (1995) Languages Portuguese (official), Mirandese (official - but locally used) Internet country code .pt Literacy definition: age 15 and over can read and write total population: 93.3% male: 95.5% female: 91.3% (2003 est.) Government type parliamentary democracy National holiday Portugal Day, 10 June (1580) Legal system civil law system; the Constitutional Tribunal reviews the constitutionality of legislation; accepts compulsory ICJ jurisdiction, with reservations International organization participation AfDB, AsDB, Australia Group, BIS, CE, CERN, EAPC, EBRD, ECE, ECLAC, EIB, EMU, ESA, EU, FAO, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, ISO, ITU, LAIA (observer), MINURSO, MONUC, NAM (guest), NATO, NEA, NSG, OAS (observer), OECD, OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UNIDO, UNMIBH, UNMIK, UNMISET, UPU, WCL, WCO, WEU, WFTU, WHO, WIPO, WMO, WToO, WTrO, ZC Economy - overview 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 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 2001-03. GDP per capita stands at 70% 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 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. Exports - partners Spain 20.3%, Germany 18.4%, France 12.6%, UK 10.5%, US 5.8%, Italy 4.8%, Belgium 4.5% (2002) Currency euro (EUR) 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 Exchange rates euros per US dollar - 1.06 (2002), 1.12 (2001), 1.09 (2000), 0.94 (1999) Airports 66 (2002) Airports - with paved runways total: 40 over 3,047 m: 5 2,438 to 3,047 m: 9 1,524 to 2,437 m: 4 914 to 1,523 m: 15 under 914 m: 7 (2002) Airports - with unpaved runways total: 26 914 to 1,523 m: 1 under 914 m: 25 (2002) Disputes - international Portugal has periodically reasserted claims to territories around the town of Olivenza, Spain |