ructuring and privatization measures in anticipation
of the 1992 European Community timetable to form a single large market in
Europe.

_#_GDP: $57.8 billion, per capita $5,580; real growth rate 3.5%
(1990)

_#_Inflation rate (consumer prices): 13.4% (1990)

_#_Unemployment rate: 5.5% (1990 est.)

_#_Budget: revenues $21.6 billion; expenditures $23.8 billion,
including capital expenditures of $6.9 billion (1990)

_#_Exports: $16.3 billion (f.o.b., 1990);

commodities--cotton textiles, cork and cork products, canned fish,
wine, timber and timber products, resin, machinery, appliances;

partners--EC 72%, other developed countries 13%, US 5%

_#_Imports: $24.9 billion (c.i.f., 1990);

commodities--petroleum, cotton, foodgrains, industrial machinery,
iron and steel, chemicals;

partners--EC 69%, other developed countries 11%,
less developed countries 13%, US 4%

_#_External debt: $18.4 billion (1990)

_#_Industrial production: growth rate 4.9% (1989); accounts for
40% of GDP

_#_Electricity: 6,729,000 kW capacity; 16,000 million kWh produced,
1,530 kWh per capita (1989)

_#_Industries: textiles and footwear; wood pulp, paper, and cork;
metalworking; oil refining; chemicals; fish canning; wine; tourism

_#_Agriculture: accounts for 9% of GDP and 20% of labor force; small
inefficient farms; imports more than half of food needs; major
crops--grain, potatoes, olives, grapes; livestock sector--sheep, cattle,
goats, poultry, meat, dairy products

_#_Economic aid: US commitments, including Ex-Im (FY70-89), $1.8
billion; Western (non-US) countries, ODA and OOF bilateral commitments
(1970-88), $1.13 billion

_#_Currency: Portuguese escudo (plural--escudos);
1 Portuguese escudo (Esc) = 100 centavos

_#_Exchange rates: Portuguese escudos (Esc) per US$1--134.46 (January
1991), 142.55 (1990), 157.46 (1989), 143.95 (1988), 140.88 (1987), 149.59
(1986), 170.39 (1985)

_#_Fiscal year: calendar year

_*_Communications
_#_Railroads: 3,613 km total; state-owned Portuguese Railroad Co. (CP)
operates 2,858 km 1.665-meter gauge (434 km electrified and 426 km double
track), 755 km 1.000-meter gauge; 12 km (1.435-meter gauge) electrified,
double track, privately owned

_#_Highways: 73,661 km total; 61,599 km paved (bituminous, gravel, and
crushed stone), including 140 km of limited-access divided highway;
7,962 km improved earth; 4,100 km unimproved earth (motorable tracks)

_#_In