Political Risk Analysis - Portugal

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| 2012|
| Clemens Hefner, Veronika Kucharzyk, Simona Pavlovic, Mira Strang & David Weitzl
|

Portugal

[Political Risk Analysis]

Index

1.General Facts………………………………………………………………………………..3
2.Political Criteria……………………………………………………………….....................4
2.1Political Balance of Power………………………………………………………..4
2.2Political System & Political Stability………..…………………………………….6
3.Domestic Economy…………………………………………………………………………8
3.1Development of GDP………………………………………………………………8
3.2GDP per Capita……………………………………………………………………..9
3.3Development of GDP per Capita………………………………………………10
3.4Big Share Products in GDP………………………………………………………..11
3.5Sectoral Shares in GDP……………………………………………………………11
3.6Inflation Rate………………………………………………………………………..14
3.7Growth of Population……………………………………………………………..14
3.8Domestic Infrastructure…………………………………………………………...16
4.Foreign Economy…………………………………………………………………………..17
4.1Development of Imports & Exports……………………………………………...17
4.2Major Trading Partners…………………………………………………………….19
4.3International Trade Products…………………………………………………….20
4.4Currency…………………………………………………………………………….21
4.5External Debt……………………………………………………………………….22
4.6IMF’s Attitudes………………………………………………………………………23
4.7Developments of IMF, EU, Portugal & Reform Plans………………………..25
4.8Payment Morale…………………………………………………………………...26
4.9Legal decisions stimulation the economy……………………………………29
5.Conclusion & Recommendation………………………………………………………30
6.Sources……………………………………………………………………………………….31

1. General Facts

Portugal is a country located in southwestern Europe on the Iberian Peninsula and it has about 10.5 million inhabitants. Its capital is Lisbon with an estimated 550,000 inhabitants making it also Portugal’s largest city.

Portugal spans an area of 92,212 km² which means it is the 111th biggest country in the world. Population density is currently around 115 inhabitants per km². Portugal borders Atlantic Ocean towards West meaning that its only bordering state is Spain, located towards northeast.

Historically, the Portuguese Empire latest almost 600 years from 1415 to 2002 and therefore was the longest-lived of the modern European colonial empires. During that time Portugal was one of the main colonial powers that had explored various African nations. All in all the empire spanned areas of what are now 53 different states. During the 19th century however, the empire slowly but surely collapsed and Portugal lost its international status.

It is a republic since 1910 and a democracy since 1976. The current president is called Aníbal Cavaco Silva and has been in this position since 2006. Portugal joined the European Economic Community back in 1986 which later became the European Union.

Spoken languages are Portuguese and also Mirandese. The population ethnically consists of mainly Portuguese (96.87%) and only of 3.13% other ethnicities.

2. Political Criteria

2.1 Political Balance Of Power

Since year 1976, Portugal has been a democratic republic. There are four main governing institutions in Portugal which include the President, the Parliament, the Government and the Courts. These governing bodies are located in the country’s capital, Lisbon. Every citizen who has reached the age of 18 and more can vote in the national elections.

Since the beginning of year 1975, the leading parties in the country have been the Socialist and the Social Democratic party. The Prime Minister of the country is the head of the government and the President is the head of the state. The President is elected by a direct universal suffrage for a five year period at a time. The President has only non-executive rights, but is the commander in chief of the armed forces. Currently the President of Portugal is Aníbal Cavaco Silva and he...
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