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Portugal - Fast Facts

By: EconomyWatch Date: 30 June 2010

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Portugal comes under high-income OECD group economies as to the classification made by the World Bank on the basis of income and region for the year 2006.

Portugal is a capitalist economy and is largely dependent upon the industrial sector. Services sector constitute a larger portion in the Country's GDP followed by the industries.

Major agricultural products in the country are olives, grains and potatoes and wine grapes. Important industries are textiles, chemicals, paper, ship construction, fish canning and tourism. The country has huge reserves of coal, copper, and lithium.

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