What type of economy does Portugal have?
is the prime minister. Portugal has a service-based mixed economy in which the government has privatized many state-controlled firms and liberalized areas of the economy. Portugal is a member of the European Union (EU). Location: Southern Europe Capital City: Lisbon (GMT) Chief of State: President Marcelo Rebelo de Sousa
Is Portugal a poor or rich country?
Yes it is! Portugal it is so poor, that it has one of the richest sources of lithium in the world, that would increase a lot the gdp, but the Portuguese chosed to keep the environment, instead more money to increase the biggest junkyards mountains in Europe!
What is the major economic problem in Portugal?
Portugal’s main macroeconomic problems are well known: high debt, both private and public, combined with a chronic trade deficit and mediocre GDP growth since 2000.
Is Portugal developed or undeveloped economy?
Portugal is being developed mostly because of European Union that brings a multitude of tourists here that helps services like hotels and restaurants to thrive. Otherwise, Portugal would be like Romenia if not worst.