BEST BANKS 2014: EUROPE

BEST BANKS 2014: EUROPE

The region battled continuing recession or, at best, slow growth, a tightening regulatory environment and country-specific banking taxes or fines for past misdemeanors.

 
 
Source
Central bank

Bank of Portugal
Portugal is part of the Eurosystem and the European Central Bank

International Reserves

US$ 20.235 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 231 billion (2014 estimate)

GDP (Purchasing Power Parity)

251 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
-0.9% 1.6% 0.8% 1.4% 2.4% 0.0% -2.9% 1.9%
2011 2012 2013 2014*        
-1.3% -3.2% -1.4% 1.2%        

*Estimate

GDP per capita - current prices

US$ 21,766 (2014 estimate)

GDP per capita - PPP

$23,671 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.45% 0.48% 0.44% 0.33% 0.28%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 2.6% 
  • industry: 22.2% 
  • services: 75.2% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

1.5% (2011)

Inflation
2011 2012 2013 2014*
3.6% 2.8% 0.4% 0.7%

*Estimate

Unemployment rate
2011 2012 2013 2014*
12.7% 15.7% 16.3% 15.7%

*Estimate

Household saving rates

11.3% (Gross saving; 2014 forecast)

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
94.0% 108.2% 124.1% 128.8% 126.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-9.9% -4.3% -6.5% -4.9% -4.0%

*Estimate 

Government bond ratings

Standard & Poor's: BB

Moody's rating: Ba1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$82billion US$61.69 billion US$65.53billion

*2010 Estimate   **2012 Estimate 

Largest companies in Portugal

EDP-Energias de Portugal, Galp Energia, Jeronimo Martins, Banco Comercial Portugues, Portugal Telecom, Banco BPI, Sonae SGPS, Caixa Economica Montepio Geral, 

 
 
Source
Current account balance

US$ 1.92 billion (2014 estimate)(After 2008)

Current account balance by percentage of GDP

0.83% of GDP (2014 estimate)(2009)

Exports as percent of GDP(Exports of goods and services)

40.6% (2013)

(Data released on Oct 2014)

Shares in world total merchandising export

0.32%(2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.55% (2012)

(Data were released in 2014)

Total exports

US$61 billion (2013 estimate) 

Export commodities

agricultural products, food products, wine, oil products, chemical products, plastics and rubber, hides, leather, wood and cork, wood pulp and paper, textile materials, clothing, footwear, machinery and tools, base metals

Total imports

US$ 59 billion (2013 estimate) 

 
 
Source
Import commodities

agricultural products, chemical products, vehicles and other transport material, optical and precision instruments, computer accessories and parts, semi-conductors and related devices, oil products, base metals, food products, textile materials

Exports - major partners

Spain 22.7%, Germany 12.4%, France 11.9%, Angola 6.5%, UK 5.3%, Netherlands 4.2% (2012)

Imports - major partners

Spain 32%, Germany 11.5%, France 6.7%, Italy 5.3%, Netherlands 4.9% (2012)

FDI inflows
2011 2012 2013
US$ 11,150 million US$ 8,995 million(2009) US$ 3,114 million(2009)
FDI outflows
2011 2012 2013  
US$ 14,905 million US$ 579 million US$ 1,427 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ -8,965 million US$ 1,642 million(2009) US$ -4,735 million(2009) US$ -603 million
Cross-border M&A; deals worth over $3 billion completed in 2010(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 31 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 32 out of 185 countries(2009)

Enforcing Contracts: 24 out of 185 countries

Registering Property: 30 out of 185 countries

Getting credit: 109 out of 185 countries

Protecting investors: 52 out of 185 countries

Trading across border: 25 out of 185 countries

Paying Taxes: 81 out of 185 countries

Dealing with Construction Permits: 76 out of 185 countries

Getting Electricity: 36 out of 185 countries

Resolving Insolvency: 23 out of 185 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

36

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 69 Score: 63.5 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC 0

Total area

92,090 sq km (2014)

Capital

Lisbon (2014)

Currency

euros (EUR) (2014)

Government type

republic; parliamentary democracy (2014)

Languages

Portuguese (official), Mirandese (official - but locally used)

Religions

Roman Catholic 81%, other Christian 3.3%, other (includes Jewish, Muslim, other) 0.6%, none 6.8%, unspecified; notes: represents population 15 years of age and older (2011 est.)
 8.3% 

Total population
1990 2000 2010 2014* 2019**
10.011 million 10.226 million 10.637 million 10.623 million 10.664 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
35% 42.8% 54.4% 61%
Population median age

41 years (2010)

Population growth rate

0.12% (2014 estimate)

Life expectancy

79.01 years (2014 estimate)

Adult literacy

95.4% (2011 estimate)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

(Data were released in, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

157.25% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

55.3% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Lisbon: 86th (2011)

Source
CO2 emissions(Metric tons of CO2 per capita)

5.386 (Data were released in 2012 and refer to 2009)

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