, CE, CERN, EAPC, EBRD, ECE, ECLAC, EIB, EMU, ESA, EU, FAO,
IADB, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IEA, IFAD, IFC,
IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM,
ISO, ITU, LAIA (observer), MINURSO, NAM (guest), NATO, NEA, NSG, OAS
(observer), OECD, OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UNIDO,
UNMIBH, UNMIK, UNMOP, UNTAET, UPU, WCL, WEU, WFTU, WHO, WIPO, WMO,
WToO, WTrO, ZC

Diplomatic representation in the US: chief of mission: Ambassador
Joao Alberto Bacelar ROCHA PARIS

chancery: 2125 Kalorama Road NW, Washington, DC 20008

telephone: [1] (202) 328-8610

FAX: [1] (202) 462-3726

consulate(s) general: Boston, New York, Newark (New Jersey), and
San Francisco

consulate(s): Los Angeles, New Bedford (Massachusetts), Providence
(Rhode Island)

Diplomatic representation from the US: chief of mission: Ambassador
Gerald S. MCGOWAN

embassy: Avenida das Forcas Armadas, 1600 Lisbon

mailing address: PSC 83, APO AE 09726

telephone: [351] (21) 727-3300

FAX: [351] (21) 726-9109

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 Economy

Economy - overview: Portugal is an upcoming capitalist economy with
a per capita GDP two-thirds that of the four big West European
economies. The country qualified for the European Monetary Union
(EMU) in 1998 and joined with 10 other European countries in
launching the euro on 1 January 1999. The year 2000 was marked by
moderation in growth, inflation, and unemployment. The country
continues to run a sizable trade deficit. The government is working
to reform the tax system, to modernize capital plant, and to
increase the country's competitiveness in the increasingly
integrated world markets. Growth is expected to fall off slightly in
2001. Improvement in the education sector is critical to the
long-run catch-up process.

GDP: purchasing power parity - $159 billion (2000 est.)

GDP - real growth rate: 2.7% (2000 est.)

GDP - per capita: purchasing power parity - $15,800 (2000 est.)

GDP - composition by sector: agriculture: 4%

industry: 36%

services: 60% (1999 est.)

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%:
3.1%

highest 10%: 28.4% (1995 est.)

Inflation rate (consumer prices): 2.8% (2000 est.)