d leaders:
NA

International organization participation:
AfDB, AsDB, Australia Group, BIS, CE, CERN, EAPC, EBRD, EIB, EMU,
ESA, EU, FAO, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA,
IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO,
ITU, ITUC, LAIA (observer), MIGA, NAM (guest), NATO, NEA, NSG, OAS
(observer), OECD, ONUB, OPCW, OSCE, PCA, SECI (observer), UN,
UNCTAD, UNESCO, UNHCR, UNIDO, UNWTO, UPU, WCL, WCO, WEU, WFTU, WHO,
WIPO, WMO, WTO, ZC

Diplomatic representation in the US:
chief of mission: Ambassador Joao DE VALLERA
chancery: 2012 Massachusetts Avenue NW, Washington, DC 20036
telephone: [1] (202) 350-5400
FAX: [1] (202) 462-3726
consulate(s) general: Boston, New York, Newark (New Jersey), San
Francisco
consulate(s): New Bedford (Massachusetts), Providence (Rhode Island)

Diplomatic representation from the US:
chief of mission: Ambassador Alfred J. HOFFMAN Jr.
embassy: Avenida das Forcas Armadas, 1600-081 Lisbon
mailing address: Apartado 43033, 1601-301 Lisboa; 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

Economy Portugal

Economy - overview:
Portugal has become a diversified and increasingly service-based
economy since joining the European Community in 1986. Over the past
two decades, 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 had been above the EU average for much of
the 1990s, but fell back in 2001-06. GDP per capita stands at
roughly 70% of the EU-25 average. 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 budget deficit surged to an all-time high of 6% of
GDP in 2005 but was reduced to 4.6% in 2006. The government faces
tough choices in its attempts to boost Portugal's economic
c