Following its heyday as a global maritime 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 of Brazil, its wealthiest colony, in 1822. 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 is a founding member of NATO and entered the EC (now the EU) in 1986.
volcanism:
limited volcanic activity in the Azores Islands; Fayal or Faial (elev. 1,043 m) last erupted in 1958; most volcanoes have not erupted in centuries; historically active volcanoes include Agua de Pau, Furnas, Pico, Picos Volcanic System, San Jorge, Sete Cidades, and Terceira
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
note:there is also a Council of State that acts as a consultative body to the president
elections:
president elected by popular vote for a five-year term (eligible for a second term); election last held on 23 January 2011 (next to be held in January 2016); following legislative elections which must be held by October 2015, the leader of the majority party or leader of a majority coalition usually appointed prime minister by the president
election results:
Anibal CAVACO SILVA reelected president; percent of vote - Anibal CAVACO SILVA 53%, Manuel ALEGRE 19.8%, Fernando NOBRE 14.1%, Francisco LOPES 7.1%, Manuel COELHO 4.5%, Defensor MOURA 1.6%
unicameral Assembly of the Republic or Assembleia da Republica (230 seats; members elected by popular vote to serve four-year terms)
elections:
last held on 5 June 2011 (next to be held by October 2015)
election results:
percent of vote by party - PPD/PSD 38%, PS 28%, CDS/PP 11%, PCP/PEV (see CDU) 7%, BE 5%, other 11%; seats by party - PPD/PSD 108, PS 74, CDS/PP 24, PCP/PEV (see CDU) 16, BE 8
highest court(s):
Supreme Court or Supremo Tribunal de Justica (consists of 12 justices); Constitutional Court or Tribunal Constitucional (consists of 13 judges)
judge selection and term of office:
Supreme Court justices nominated by the president and appointed by the Assembly of the Republic; judges appointed for life; Constitutional Court judges - 10 elected by the Assembly and 3 elected by the other Constitutional Court judges; judges elected for 6-year non-renewable terms
subordinate courts:
Supreme Administrative Court (Supremo Tribunal Administrativo); Audit Court (Tribunal de Contas); appellate, district, and municipal courts
two vertical bands of green (hoist side, two-fifths) and red (three-fifths) with the national coat of arms (armillary sphere and Portuguese shield) centered on the dividing line; explanations for the color meanings are ambiguous, but a popular interpretation has green symbolizing hope and red the blood of those defending the nation
lyrics/music:
Henrique LOPES DE MENDOCA/Alfredo KEIL
note:adopted 1910; "A Portuguesa" was originally written to protest the Portuguese monarchy's acquiescence to the 1890 British ultimatum forcing Portugal to give up areas of Africa; the lyrics refer to the "insult" that resulted from the event
Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. Over the following two decades, successive governments privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. The country qualified for the Economic and Monetary Union (EMU) in 1998 and began circulating the euro on 1 January 2002 along with 11 other EU members. The economy grew by more than the EU average for much of the 1990s, but the rate of growth slowed in 2001-08. The economy contracted in 2009, and fell again from 2011 to 2013, as the government implemented spending cuts and tax increases to comply with conditions of an EU-IMF financial rescue package, signed in May 2011. Austerity measures also have contributed to record unemployment and a wave of emigration not seen since the 1960s. Booming exports will contribute to growth and employment in 2014, but the need to continue to reduce private- and public-sector debt could weigh on consumption and investment. The government of Pedro PASSOS COELHO has stated its intention to reduce labor market rigidity, and, this, along with steps to trim the budget deficit, could make Portugal more attractive to foreign investors. The government reduced the budget deficit from 10.1% of GDP in 2009 to 5.1% in 2013, lower than the EU-IMF fiscal target of 5.5%. Despite these efforts, public debt has continued to grow and, in 2013, stands among the highest in the EU. As a result, the government may have difficulty regaining full bond market financing when the EU-IMF financing program expires in May 2014.
textiles, clothing, footwear, wood and cork, paper, chemicals, auto parts, base metals, porcelain and ceramics, glassware, technology, telecommunications; dairy products, wine, other foodstuffs; ship construction and refurbishment; tourism
note:data cover general government debt, and includes debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions
note:see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
agricultural products, food products, wine, oil products, chemical products, plastics and rubber, hides, leather, wood and cork, wood pulp and paper, textile materials, clothing, footwear, machinery and tools, base metals
agricultural products, chemical products, vehicles and other transport material, optical and precision instruments, computer accessories and parts, semi-conductors and related devices, oil products, base metals, food products, textile materials
general assessment:
Portugal's telephone system has a state-of-the-art network with broadband, high-speed capabilities
domestic:
integrated network of coaxial cables, open-wire, microwave radio relay, and domestic satellite earth stations
international:
country code - 351; a combination of submarine cables provide connectivity to Europe, North and East Africa, South Africa, the Middle East, Asia, and the US; satellite earth stations - 3 Intelsat (2 Atlantic Ocean and 1 Indian Ocean), NA Eutelsat; tropospheric scatter to Azores (2010)
Radio e Televisao de Portugal (RTP),the publicly-owned TV broadcaster, operates 2 domestic channels and external service channels to Africa; overall, roughly 40 domestic TV stations; viewers have widespread access to international broadcasters with more than half of all households connected to multi-channel cable or satellite TV systems; publicly owned radio operates 3 national networks and provides regional and external services; several privately owned national radio stations and some 300 regional and local commercial radio stations (2008)
Portuguese Army (Exercito Portuguesa), Portuguese Navy (Marinha Portuguesa; includes Marine Corps), Portuguese Air Force (Forca Aerea Portuguesa, FAP) (2013)
18-30 years of age for voluntary military service; no compulsory military service, but conscription possible if insufficient volunteers available; women serve in the armed forces, on naval ships since 1993, but are prohibited from serving in some combatant specialties; reserve obligation to age 35 (2012)
Portugal does not recognize Spanish sovereignty over the territory of Olivenza based on a difference of interpretation of the 1815 Congress of Vienna and the 1801 Treaty of Badajoz
seizing record amounts of Latin American cocaine destined for Europe; a European gateway for Southwest Asian heroin; transshipment point for hashish from North Africa to Europe; consumer of Southwest Asian heroin
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