PORTUGAL ECONOMY OVERVIEW ECONOMY OVERVIEW Business Meeting Lodz Special Economic Zone 11 May 2009.
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Transcript of PORTUGAL ECONOMY OVERVIEW ECONOMY OVERVIEW Business Meeting Lodz Special Economic Zone 11 May 2009.
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
PORTUGALPORTUGAL
ECONOMY OVERVIEWECONOMY OVERVIEW
Business MeetingBusiness Meeting
Lodz Special Economic ZoneLodz Special Economic Zone
11 May 200911 May 2009
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
European Union 27European Union 27
PORTUGALPORTUGAL
Inflation rateInflation rate 2.6%
excl. energy 2.2%
Unemployment Unemployment 7.6%
Public DeficitPublic Deficit 2.6%
(% GDP)(% GDP)
ExportsExports 33%
ImportsImports 42%
Foreign InvestmentForeign Investment (2007)(2007)
Inward 44%
Outward 28%
Main features - 2008Main features - 2008A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SA
C O N F E D E R A Ç Ã O E M P R E SA R I A L
GDP M€ 166 128
GDP p/cap € 15 640
Population 10.6 mio
Employment
Rate (2007) 67.8%
GROSS DOMESTIC PRODUCTGROSS DOMESTIC PRODUCTReal growth rateReal growth rate
Source: INE , Eurostat
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
-2,0
0,0
2,0
4,020
03
2004
2005
2006
2007
2008
Portugal
EA 16
ECONOMY OVERVIEWECONOMY OVERVIEW
... through external trade ... through external trade
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
EXPORTS STRUCTURE EVOLUTIONEXPORTS STRUCTURE EVOLUTIONMain Sectors - 1985-2007Main Sectors - 1985-2007
Source: INE
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
(% total)
3,8
5,2
11,7
11,8
12,4
13,3
17,7
12,8
3,5
4,5
19,8
8,5
8,8
6,9
0 5 10 15 20 25
Transport Equipment
Footwear
Textiles
Machinery and appareils
Agric. and Food Prods
Wood, Cork and Paper
Clothing
1985 2007
Source: INE
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
Main Sectors in Trade - 2008 Main Sectors in Trade - 2008
(% total)
0% 5% 10% 15% 20%
Footwear
Wood and Cork
Textiles
Paper
Chemical products
Food industries
Mineral fuels
Plastic and Rubber
Clothing
Base metals
Transport Equipment
Machinery
Exports
Imports
Automotive
Biotechnology
Forestry
Moulds
Technicalfabrics
... world performing clusters... world performing clusters
3,8 %
10,8 %
0
2
4
6
8
10
12
1996 2008
Source: Balance of Payments, Banco de Portugal
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A LSIGNIFICANT GROWTH OF SERVICES EXPORTS SIGNIFICANT GROWTH OF SERVICES EXPORTS
(% GDP)
... leading niche provider... leading niche provider
Construction Services
Technical Assistance
Services
ICT ServicesTourism
DIVERSIFYING EXPORT DESTINATIONSDIVERSIFYING EXPORT DESTINATIONS
… … growing in growing in Portuguese speaking Portuguese speaking
countriescountries
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
Extra EU Exports(in % of total trade)
26%
20%
0
5
10
15
20
25
30
2005 2008
Portuguese Speaking countries Exports(in % of Extra EU)
20%
30%
0
5
10
15
20
25
30
35
2005 2008
PORTUGAL – POLANDPORTUGAL – POLAND
External TradeExternal Trade
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
EXTERNAL TRADE: PORTUGAL - POLANDEXTERNAL TRADE: PORTUGAL - POLAND
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
0,0
50,0
100,0
150,0
200,0
250,0
300,0
350,0
400,0
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
(millions euro)
Exports Imports
0,2%
0,6%
0,6%
0,5%
0,1%
0,9%
Source: Eurostat, External Trade
Electrical machinery and equipment
Machinery and Mechanical appliances
Vehicles and accessories
Furniture
Rubber
Plastics
Soap and washing preparations
Articles of iron and steel
Wood
Iron and Steel
Pharmaceutical products
EXTERNAL TRADE - 2008EXTERNAL TRADE - 2008
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
Source: Eurostat, External Trade
PORTUGAL - POLANDPORTUGAL - POLAND PORTUGAL - WORLDPORTUGAL - WORLD
0% 5% 10% 15% 20% 25%
Exports Imports
0% 5% 10% 15%
Exports Imports
PORTUGALPORTUGAL
MAIN STRENGHTSMAIN STRENGHTS
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
Macau
Guinea-BissauSao Tome and Principe
Cape Verde
BrazilEast Timor
MozambiqueAngola
PortugalPortugal
A GEOSTRATEGIC LOCATIONA GEOSTRATEGIC LOCATION
• New stage on GlobalisationNew stage on Globalisation• Main investor in Brazil, Angola…Main investor in Brazil, Angola…
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
Strong investment in all Portuguese speaking
countries
Access to 230 Millions Consumers
Most modern telecom networks
Logistic Platforms
Network and privileged access
BUILDING ON NEW CHALLENGES - BUILDING ON NEW CHALLENGES -
RENEWABLE ENERGYRENEWABLE ENERGY
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
Share of renewable energy ingross electric consumption - 2007
4th Portugal 30.6%
EU 27 15.6%
windwindhydrohydro
solarsolar
wavewave
biomassbiomass
4th world wind energy producer
THE CAPACITY OF CHANGINGTHE CAPACITY OF CHANGING
e-Government availability
e-Government Sophistication
Technological Plan fostering company innovation and broadband Investment
Administrative Simplification Company on time
ATM - 12 000 equipments 30 services provided
R&D Centers of multinational companies
Portugal Spain Ireland EU 27
70% 50%
90%
59%
Portugal Spain Ireland EU 27
82% 78%
90%
77%
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
ECONOMIC INFORMATIONECONOMIC INFORMATION
PORTUGALPORTUGAL
www.aip.ptwww.aip.pt
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
MAGNA CARTA FOR COMPETITIVENESSMAGNA CARTA FOR COMPETITIVENESS
ANNUAL REPORTS ON COMPETITIVENESSANNUAL REPORTS ON COMPETITIVENESS
BENCHMARKS AND RECOMMENDATIONSBENCHMARKS AND RECOMMENDATIONS
InformationInformation
• Economic Economic
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L
Key short-term Key short-term indicatorsindicators
ForecastsForecastsStructural Structural indicatorsindicators
A SSO C I A Ç Ã O I N D U ST R I A L P O R T U G U E SAC O N F E D E R A Ç Ã O E M P R E SA R I A L