Economy of Portugal Share

  • 3000.00 ₹
  • Published date: October 6, 2020
    • Dehli, Dehli, Dumfries and Galloway, India

Portugal is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, Portugal is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, Portugal exports around $61 billion and imports roughly $59 billion. 7.9% of population in the country are unemployed. The total number of unemployed people in Portugal is 813,004. In Portugal, 19% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Portugal is fairly high, but is not reason for complete concern with regard to investments. Potential financial backers should look at other economic markers, including GDP, urbanization rate, and strength of currency, before making any decisions regarding investments. Government expenditure on education is 5.2% of GDP. The Gini Index of the country is 34.2. Portugal is experiencing good equality. The majority of citizens in Portugal fall within a narrow range of income, although some cases may show significant differences. Portugal has a Human Development Index (HDI) of 0.822. Portugal has a high HDI score. This indicates that the majority of citizens will be able to attain a desirable life while providing substantial aid and assistance to citizens with lower living standards. The Global Peace Index (GPI) for Portugal is 1.344. Due to strong law enforcement presence and high social responsibility, Portugal is very safe by international standards. The strength of legal rights index for Portugal is 2. Overall, it is considered to be rather weak - bankrupcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible.

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