Talk:Economy of Portugal

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WikiProject Economics (Rated C-class, Mid-importance)
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Comparative GDP[edit]

The article says Portugal's GDP is larger than that of Spain or Ireland. This wikipeida entry [1]) provides the IMF, World Bank and CIA GDP lists, all of which show Portugal ranking as 36th or 35th in the world, below all other West European nations. Gaintes (talk) 12:20, 23 July 2008 (UTC)

This page needs editing. It is written in bad English.

Public debt compared to GDP[edit]

The article says that the public debt is 60% of GDP and concludes this is a problem. I've checked the biggest economy in the world, the US and there the public debt is 84% of GDP. Source [2].

BTW, the same source puts the Portuguese ratio at 48% [3].

I am no economist, but I would like to see such a statement backed with an explanation or otherwise removed. —Preceding unsigned comment added by Pjp (talkcontribs) 11:53, 12 February 2010 (UTC)

GDP[edit]

I updated GDP and Growth rates to 2005 figures provided by the International Monetary Fund Database's figures. --JDnCoke 18:43, 22 September 2005 (UTC)


This is in sore need of rewriting and updating[edit]

Portugal breached the deficit by over 6%. PM Jose Socrates has taken all sorts of austere measures and continues to feel the heat from the people.

Portugal's budget deficit stands at 6.2 percent of GDP, more than double the three percent limit imposed by the EU's Stability and Growth Pact, which acts as the fiscal rulebook for the block. http://www.eubusiness.com/Finance/050920114507.2m2b6zsg

Protests mount in Portugal over government austerity measures

21/10/2005

Portugal on Friday faced further protests and strikes by teachers, nurses, police and other state workers over government spending cuts to trim a bulging public deficit that far exceeds European Union budget limits.

Some 35,000 striking Portugese civil servants from across the country demonstrated in Lisbon on Thursday against Prime Minister Jose Socrates' plans to curb their pension and health benefits and union officials said more protests were coming. http://www.eubusiness.com/Employment/051021130230.ze69k8w0

There's so much more. I plan to revise this to reflect the reality of today. Maluka 03:48, 1 November 2005 (UTC)

Misuse of words[edit]

A user asked what "sinistrality" meant, it's used in describing the terrible drivers and it means "preference for using the left hand". I don't understand why regular English words aren't used. It appears often that someone is using Bablefish and anyone that's used that to translate Portuguese to English and vice versa knows it's a joke.

A Portuguese opinion[edit]

I am a Portuguese student and a member of the Portuguese Wikipedia and I would like to ask why the measures taken by Socrates' government are so popular in this artical!

First of all, action against the economical situation has been being taken since the government of José Manuel Durão Barroso, the present President of the European Comission. Besides minister Teixeira, two other finance ministers: Manuela Ferreira Leite and Bagão Félix; took measures about this situation.

Moreover, the action taken by the current govenment is widely criticised by the Portuguese media and public opinion. Although these measures are actually reducing the Portuguese Public Debt they are also said to be asphixiating the economy. The matter of the fact is that Socrates' politics are too focused in incoming (taxes...) and dimly preventing the State's overspending.

It strikes me that the aformentioned points should mentioned in this article.

Thanks

Tomás de Noronha

P.S. Don't look at my English as it's not my native language...

You may be right in a number of points. I will remove some paragraphs that already are in the article of the current prime minister, and I will remove some topics which do not belong to current day situation but to the past. Page Up 04:34, 4 September 2007 (UTC)

Updating[edit]

Slovakia GDP per capita is higher than Portugal's now.Jomifica (talk) 20:29, 13 April 2009 (UTC)

Wrong in Trade Partners[edit]

According to the CIA Factbook (2008), the main trade partners of Portugal are:

A. EXPORT PARTNERS: Spain (27%), Germany (13%), France (12%), UK (6%)

B. IMPORT PARTNERS: Spain (29%), Germany (13%), France (8%), Italy (5%), Netherlands (4%)

It is amazing how much has fallen the UK as it is not a member of the Eurozone.--81.37.39.22 (talk) 01:06, 6 July 2009 (UTC)

External link to tariff data[edit]

Hello everyone, I am working for the International Trade Centre (ITC), a UN/WTO agency that aims to promote sustainable economic development through trade promotion. I would like to propose the addition of an external link (http://www.macmap.org/QuickSearch/FindTariff/FindTariff.aspx?subsite=open_access&country=SCC620%7cPortugal&source=1%7CITC) that leads directly to our online database of customs tariffs applied by Portugal. Visitors can easily look up market access information for Portugal by selecting the product and partner of their interest. I would like you to consider this link under the WP:ELYES #3 prescriptions. Moreover, the reliability and the pertinence of this link can be supported by the following facts 1) ITC is part of the United Nations, and aims to share trade and market access data on by country and product as a global public good 2) No registration is required to access this information 3) Market access data (Tariffs and non-tariff measures) are regularly updated

Thank you, Divoc (talk) 16:01, 20 October 2014 (UTC)

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External links modified[edit]

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Dr. Martinho's comment on this article[edit]

Dr. Martinho has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:


The article has many parts without any citation. It will be important improve this part.


We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.

Dr. Martinho has published scholarly research which seems to be relevant to this Wikipedia article:


  • Reference : Martinho, Vitor Joao Pereira Domingues, 2011. "The convergence theories and the geographic concentration in the Portuguese manufactured industry," MPRA Paper 33411, University Library of Munich, Germany.

ExpertIdeasBot (talk) 15:23, 1 June 2016 (UTC)

Dr. Martinho's comment on this article[edit]

Dr. Martinho has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:


The article has many parts without any citation. It will be important improve this part.


We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.

Dr. Martinho has published scholarly research which seems to be relevant to this Wikipedia article:


  • Reference : Martinho, Vitor Joao Pereira Domingues, 2011. "The convergence theories and the geographic concentration in the Portuguese manufactured industry," MPRA Paper 33411, University Library of Munich, Germany.

ExpertIdeasBot (talk) 15:23, 1 June 2016 (UTC)

Dr. Martinho's comment on this article[edit]

Dr. Martinho has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:


The article has many parts without any citation. It will be important improve this part.


We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.

Dr. Martinho has published scholarly research which seems to be relevant to this Wikipedia article:


  • Reference : Martinho, Vitor Joao Pereira Domingues, 2011. "The convergence theories and the geographic concentration in the Portuguese manufactured industry," MPRA Paper 33411, University Library of Munich, Germany.

ExpertIdeasBot (talk) 15:24, 1 June 2016 (UTC)

Dr. Veiga's comment on this article[edit]

Dr. Veiga has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:


Original-

The Portuguese Economy has been steady, expanding continuously since the third quarter of 2014, with a yearly GDP growth of 1.5% registered in the second quarter of 2015.[27] The economy growth has been accompanied by a continuous fall in the unemployment rate (11.9% in the second quarter of 2015, compared with 13.9% registered in the end of 2014). The Government budget deficit has also been reduced from the 11.2% of GDP in 2010 to 4.8% in 2014.

Suggested changes: The economy growth has been accompanied by a continuous fall in the unemployment rate (12.2% in the first quarter of 2016, compared with 14.1% registered in 2014). The Government budget deficit has also been reduced from the 11.2% of GDP in 2010 to 4.4% in 2015.

Suggested references: [27] - https://www.ine.pt/xportal/xmain?xpid=INE&xpgid=ine_destaques&DESTAQUESdest_boui=249894817&DESTAQUESmodo=2


Original- Public finances

Public debt 128,9% of GDP (2015) [13]

Suggested changes: [13] - it is preferable to use the Excessive deficit procedure (1st notification for 2016) - https://www.ine.pt/xportal/xmain?xpid=INE&xpgid=ine_destaques&DESTAQUESdest_boui=247184494&DESTAQUESmodo=2&xlang=en

Original- Budget deficit €7.822 billion (4.5% of GDP in 2014)[14]

Suggested change Budget deficit €7.893 billion (4.4% of GDP in 2015) [14] - it is preferable to mention - https://www.ine.pt/xportal/xmain?xpid=INE&xpgid=ine_destaques&DESTAQUESdest_boui=247184494&DESTAQUESmodo=2&xlang=pt

Original- Revenues €74.166 billion

Expenses €81.595 billion (2014)[15]

Suggested changes: Revenues €78.671 billion (2015) Expenses €86.564 billion (2015)

The source is the National Institute of Statistics (file:///C:/Users/linda/Downloads/24Aggregates_march2016-ENG.pdf)


Original- Government expenditure by function[edit]

According to Eurostat in 2011, the General Government expenditure by main function, as a percentage of Total Expenditure, was as follows (compared to the Eurozone and EU averages):


Function Portugal Eurozone EU Country with the highest % Country with the lowest % Social Protection 36.7% 40.7% 39.9% 43.8% (Denmark) 26.1% (Cyprus) General Public Services 17.1% 13.8% 13.5% 24.6% (Greece) 8.3% (Estonia) Health 13.8% 14.9% 14.8% 18.1% (Czech Republic) 7.3% (Cyprus) Education 12.9% 10.1% 10.9% 16.9% (Estonia) 7.9% (Greece) Economic affairs 8.2% 8.4% 8.2% 16.9% (Romania) 6.1% (Denmark) Public order and safety 4.0% 3.7% 3.9% 7.1% (Bulgaria) 2.5% (Luxembourg) Defence 2.7% 2.7% 3.0% 4.6% (Greece) 0.9% (Ireland) Recreation, culture and religion 2.2% 2.2% 2.2% 5.0% (Estonia) 1.1% (Italy) Housing and community amenities 1.3% 1.8% 1.7% 5.8% (Cyprus) 0.6% (Denmark) Environmental protection 1.1% 1.8% 1.7% 3.3% (Netherlands) -0.9% (Estonia)

Also according to Eurostat in 2011, the General Government expenditure by three of the main functions, as a percentage of GDP, was as follows (compared to the Eurozone and EU averages):

Function Portugal Eurozone EU Country with the highest % Country with the lowest % Social Protection 18.1% 20.2% 19.6% 25.2% (Denmark) 11.9% (Slovakia) Health 6.8% 7.4% 7.3% 8.5% (Netherlands) 3.4% (Romania)


Suggested changes:

According to Eurostat in 2014, the General Government expenditure by main function, as a percentage of Total Expenditure, was as follows (compared to the Eurozone and EU averages):


Function Portugal Eurozone EU Country with the highest % Country with the lowest %

Social Protection 35.7% 41.2% 40.4% 43.8% (Denmark) 25.0% (Cyprus) General Public Services 16.9% 14.3% 13.9% 38.5% (Cyprus) 10.5% (Estonia) Health 12.5% 14.8% 15.0% 19.9% (Ireland) 4.5% (Slovakia) Education 12.0% 9.7% 10.2% 15.8% (Latvia) 8.6% (Romenia) Economic affairs 13.3% 8.9% 8.8% 17.1% (Romania) 5.7% (Cyprus) Public order and safety 4.3% 3.5% 3.7% 6.5% (Bulgaria) 1.8% (Denmark) Defence 1.9% 2.4% 2.8% 5.4% (Greece) 0.7% (Luxembourg) Recreation, culture and religion 1.7% 2.1% 2.1% 5.2% (Estonia) 1.2% (Greece) Housing and community amenities 1.2% 1.4% 1.4% 4.6% (Cyprus) 0.4% (Denmark) Environmental protection 0.9% 1.7% 1.7% 3.7% (Malta) 0.4% (Finland)

Also according to Eurostat in 2014, the General Government expenditure by three of the main functions, as a percentage of GDP, was as follows (compared to the Eurozone and EU averages):


Function Portugal Eurozone EU Country with the highest % Country with the lowest %

Social Protection 18.5% 20.4% 19.5% 25.4% (Sweden) 11.4% (Slovakia) Health 6.2% 7.3% 7.2% 8.7% (Denmark) 1.9% (Slovakia) Education 6.2% 4.8% 4.9% 7.2% Denmark 3.0% (Romania)


We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.

Dr. Veiga has published scholarly research which seems to be relevant to this Wikipedia article:


  • Reference 1: Linda Goncalves Veiga, 2010. "Determinants of the assignment of E.U. funds to Portuguese municipalities," NIPE Working Papers 11/2010, NIPE - Universidade do Minho.
  • Reference 2: Toke S. Aidt & Francisco Jose Veiga & Linda Goncalves Veiga, 2007. "Election Results and Opportunistic Policies: An Integrated Approach," NIPE Working Papers 24/2007, NIPE - Universidade do Minho.
  • Reference 3: Aidt, T.S. & Veiga, F.J. & Veiga, L.G., 2009. "Election Results and Opportunistic Policies: A New Test of the Rational Political Business Cycle Model," Cambridge Working Papers in Economics 0934, Faculty of Economics, University of Cambridge.

ExpertIdeasBot (talk) 09:13, 16 June 2016 (UTC)

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