GDP: purchasing power parity—$149.5 billion (1997 est.)

GDP—real growth rate: 3.3% (1997 est.)

GDP—per capita: purchasing power parity—$15 200 (1997 est.)

GDP—composition by sector:
agriculture: 6%
industry: 36%
services: 58% (1995 est.)

Inflation rate—consumer price index: 2.3% (1997 est.)

Labor force:
total: 4.53 million (1996 est.)
by occupation: services 56% manufacturing 23% agriculture forestry fisheries 11% construction 8% utilities 1% mining 1% (1995)

Unemployment rate: 7% (January 1998)

Budget:
revenues: $48 billion
expenditures: $52 billion including capital expenditures of $7.4 billion (1996 est.)

Industries: textiles and footwear; wood pulp paper and cork; metalworking; oil refining; chemicals; fish canning; wine; tourism

Industrial production growth rate: 2.2% (1996 est.)

Electricity—capacity: 8.831 million kW (1995)

Electricity—production: 31.446 billion kWh (1995)

Electricity—consumption per capita: 3 072 kWh (1995)

Agriculture—products: grain potatoes olives grapes; sheep cattle goats poultry meat dairy products

Exports:
total value: $23.8 billion (f.o.b. 1996)
commodities: clothing and footwear machinery cork and paper products hides
partners: EU 76% other developed countries 9% (US 5%)

Imports:
total value: $33.9 billion (c.i.f. 1996)
commodities: machinery and transport equipment agricultural products chemicals petroleum textiles
partners: EU 72% other developed countries 8% (US 3%) less developed countries 17% (1995)

Debt—external: $13.1 billion (1997 est.)

Economic aid:
donor: ODA $220 million (1996)
recipient: ODA $70 million (1993)

Currency: 1 Portuguese escudo (Esc) = 100 centavos

Exchange rates: Portuguese escudos (Esc) per US$1—185.81 (January 1998) 175.31 (1997) 154.24 (1996) 151.11 (1995) 165.99 (1994) 160.80 (1993)

Fiscal year: calendar year