Total GDP: Purchasing power parity = $159 billion.
GDP Growth: 2.7 percent
Per Capita GDP: Purchasing power parity = $15,800.
Inflation Rate: 2.8 percent
Trade Balance: $15 billion deficit.
Trade with RI: Portugal is Rhode Island’s 35th largest trading partner, with $2.5 million in exports in 1999.
Exports: $26.1 billion: Clothing and footwear, machinery, chemicals, cork and paper products, hides. Exports trading partners: EU 83 percent (Germany 20%, Spain 18 percent, France 14 percent, UK 12 percent, Netherlands 5 percent, Benelux 5 percent, Italy), US 5 percent.
Imports: $41 billion: Machinery and transport equipment, chemicals, petroleum, textiles, agricultural products. Import trading partners: EU 78 percent (Spain 25 percent, Germany 15 percent, France 11 percent, Italy 8 percent, UK 7 percent, Netherlands 5 percent), US 3 percent, Japan 3 percent.
Best Prospects for Exports: Computers, software (the U.S. accounts for more than 50 percent of the computer equipment in Portugal and close to 70 percent of software), telecommunications equipment, medical equipment, scientific and laboratory instruments, pollution control equipment, franchising, automotive parts and energy service.
