Budget: revenues $19.0 billion; expenditures $22.2 billion, including capital expenditures of $3.1 billion (1989 est.)
Exports: $11.0 billion (f.o.b., 1988); commodities—cotton textiles, cork and cork products, canned fish, wine, timber and timber products, resin, machinery, appliances; partners—EC 72%, other developed countries 13%, US 6%
Imports: $17.7 billion (c.i.f., 1988); commodities—petroleum, cotton, foodgrains, industrial machinery, iron and steel, chemicals; partners—EC 67%, other developed countries 13%, less developed countries 15%, US 4%
External debt: $17.2 billion (1988)
Industrial production: growth rate 5.5% (1988)
Electricity: 6,729,000 kW capacity; 16,000 million kWh produced, 1,530 kWh per capita (1989)
Industries: textiles and footwear; wood pulp, paper, and cork; metalworking; oil refining; chemicals; fish canning; wine; tourism
Agriculture: accounts for 9% of GDP and 20% of labor force; small inefficient farms; imports more than half of food needs; major crops—grain, potatoes, olives, grapes; livestock sector—sheep, cattle, goats, poultry, meat, dairy products
Aid: US commitments, including Ex-Im (FY70-88), $1.8 billion; Western (non-US) countries, ODA and OOF bilateral commitments (1970-87), $998 million
Currency: Portuguese escudo (plural—escudos); 1 Portuguese escudo (Esc) = 100 centavos