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Economy

Portugal's economy is based on industries such as textiles, clothing, footwear, cork and wood products, beverages (wine), porcelain and earthenware, and glass and glassware. In addition, the country has increased its role in Europe's automotive sector and has a world-class mold-making industry. Services, particularly tourism, are playing an increasingly important role. Portugal's European Union (EU) funding will be cut by 10%, to 22.5 billion euros, during the 2007-2013 period.

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Energy, transportation, communications, water supply and sanitation
In 2006 the world's largest solar power plant began operating in the nation's sunny south while the world's first commercial wave power farm opened in October 2006 in the Norte region. As of 2006, 55% of electricity production was from coal and fuel power plants. The other 40% was produced by hydroelectrics and 5% by wind energy. The government is channeling $3.8 billion into developing renewable energy sources over the next five years.
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Demographics
The country is fairly homogeneous linguistically and religiously. Native Portuguese are ethnically a combination of pre-Celts and Celts along with some other minor contributions by Romans, Germanic (Visigoths, Subi, Buri), some Jews and Moors (mostly Berbers and some Arabs).
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Education, science and technology
The educational system is divided into preschool (for those under age 6), basic education (9 years, in three stages, compulsory), secondary education (3 years), and higher education (university and polytechnic).
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Capital
(and largest city)
Lisbon
38°46′N, 9°11′W
Official languages Portuguese
Recognised regional languages Mirandese
Demonym Portuguese
Government Parliamentary republic
- President Aníbal Cavaco Silva
- Prime Minister José Sócrates
Formation June 24, 1128
- Founding of the First County of Portugal 868
- Battle of São Mamede June 24, 1128
- Kingdom 25 July 1139
- Recognized 5 October 1143
- Republic 5 October 1910
- Carnation Revolution 25 April 1974
EU accession 1 January 1986
Area
- Total 92,345 km² (110th)
35,580 sq mi
- Water (%) 0.5
Population
- July 2007 estimate 10,848,692 (75th)
- 2001 census 10,148,259
- Density 114/km² (87th)
295/sq mi
GDP (PPP) 2006 estimate
- Total $229.881 billion (40th)
- Per capita $23,464 (2007) (34th)
HDI (2005) ▼ 0.897 (high) (29th)
Currency Euro (€) (EUR)
Time zone WET
- Summer (DST) WEST (UTC0)
Internet TLD .pt
Calling code +351