Diplomatic representation in the US: chief of mission: Ambassador Fernando Antonio de Lacerda ANDRESEN GUIMARAES chancery: 2125 Kalorama Road NW, Washington, DC 20008 telephone: [1] (202) 328-8610 FAX: [1] (202) 462-3726 consulate(s) general: Boston, New York, Newark (New Jersey), and San Francisco consulate(s): Los Angeles, New Bedford (Massachusetts), Providence (Rhode Island)
Diplomatic representation from the US: chief of mission: Ambassador Gerald S. MCGOWAN embassy: Avenida das Forcas Armadas, 1600 Lisbon mailing address: PSC 83, APO AE 09726 telephone: [351] (1) 727-3300 FAX: [351] (1) 726-9109 consulate(s): Ponta Delgada (Azores)
Flag description: two vertical bands of green (hoist side, two-fifths) and red (three-fifths) with the Portuguese coat of arms centered on the dividing line
@Portugal:Economy
Economy-overview: Portugal's short-term economic fundamentals remain strong: 1997 was marked by a reduction in inflation, a rise in the GDP growth rate, a reduction in the fiscal deficit, and a lowering of interest rates. The Socialist government's primary economic goal is to place Portugal in the initial group of countries adopting the single European currency; Lisbon looks well positioned to be in the first tranche of EMU countries. As for the long run, Portugal is increasing its infrastructure spending, in anticipation of hosting the world's International Exposition, which began in May 1998. Lisbon also is working to modernize its capital plant and increase competitiveness in hope of moving up closer to the EU average.
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.)