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 its wealthiest colony of Brazil 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. In January 2011, Portugal assumed a nonpermanent seat on the UN Security Council for the 2011-12 term.
volcanism:
Portugal experiences 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:the revisions placed the military under strict civilian control, trimmed the powers of the president, and laid the groundwork for a stable, pluralistic liberal democracy; they allowed for the privatization of nationalized firms and government-owned communications media
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, 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 in 2015)
election results:
percent of vote by party - PPD/PSD 38%, PS 28%, CDS/PP 11%, PCP/PEV 7%, BE 5%; seats by party - PPD/PSD 108, PS 74, CDS/PP 24, PCP/PEV 16, BE 8
Democratic and Social Center/Popular Party or CDS/PP [Paulo PORTAS]; Social Democratic Party or PSD [Pedro Manuel PASSOS COELHO]; Socialist Party or PS [Antonio de Almeida SANTOS]; The Left Bloc or BE; Unitarian Democratic Coalition or CDU [Jeronimo DE SOUSA] (includes Portuguese Communist Party or PCP and Ecologist Party ("The Greens") or PEV)
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 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 Economic and Monetary Union (EMU) in 1998 and began circulating the euro on 1 January 2002 along with 11 other EU members. The economy had grown by more than the EU average for much of the 1990s, but fell back in 2001-08, and contracted 2.6% in 2009, before growing 1% in 2010. GDP per capita stands at roughly two-thirds of the EU-27 average. A poor educational system and a rigid labor market have been obstacles to greater productivity and growth. Portugal also has been increasingly overshadowed by lower-cost producers in Central Europe and Asia as a destination for foreign direct investment. Portugal's low competitiveness, low growth prospects, and high levels of public debt have made it vulnerable to bond market turbulence. The government is implementing austerity measures, including a 5% public salary cut which went into effect on January 1, 2011 and a 2% increase in the value-added tax, to reduce the budget deficit from 9.3% of GDP in 2009 to 4.6% in 2011, but some investors have expressed concern about the government's ability to achieve these targets and cover its sovereign debt. Without the option for stimulus measures, the government is focusing instead on boosting exports and implementing labor market reforms to try to raise GDP growth and increase Portugal's competitiveness - which, over time, may help mitigate investor concerns.
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
textiles, clothing, footwear, wood and cork, paper, chemicals, auto-parts manufacturing, base metals, dairy products, wine and other foods, porcelain and ceramics, glassware, technology, telecommunications; ship construction and refurbishment; tourism
agricultural products, chemical products, vehicles and other transport material, and optical and precision instruments, computer accessories and parts, semi-conductors and related devices
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 (2008)
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) (2011)
18 years of age for voluntary military service; no compulsory military service; 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 (2010)
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