Portugal 10 year government bond yield is 6.39%; it made a new 52-week high of 6.439% recently. It is signalling more problems a head of Europe. So far none of the talking heads in CNBC nor Bloomberg talked about Portugal. Obviously Portugal has a smaller economy compare to Greece, but it shows the European problem is not isolated to Greece. It is fascinating to see after IMF agreed to $147 billion bailout for Greece; market has failed to give its vote of confidence and Greece 10 year government bond yields(11.14%) did not fall as many expected. Please note Ireland is in the same boat, Ireland 10 year government bond yield is 6.50% , I was thinking which one would be the next Greece?
Portugal:
Portugal:
GDP (purchasing power parity):
$232.6 billion (2009 est.)
country comparison to the world: 50
$239.1 billion (2008 est.)
$239.1 billion (2007 est.)
note: data are in 2009 US dollars
GDP (official exchange rate):
$227.9 billion (2009 est.)
GDP - real growth rate:
-2.7% (2009 est.)
country comparison to the world: 160
0% (2008 est.)
1.9% (2007 est.)
GDP - per capita (PPP):
$21,700 (2009 est.)
country comparison to the world: 56
$22,400 (2008 est.)
$22,500 (2007 est.)
note: data are in 2009 US dollars
GDP - composition by sector:
agriculture: 2.7%
industry: 23%
services: 74.3% (2009 est.)
Labor force:
5.583 million (2009 est.)
country comparison to the world: 66
Labor force - by occupation:
agriculture: 10%
industry: 30%
services: 60% (2007 est.)
Unemployment rate:
9.5% (2009 est.)
country comparison to the world: 114
7.6% (2008 est.)
Population below poverty line:
18% (2006)
Household income or consumption by percentage share:
lowest 10%: 3.1%
highest 10%: 28.4% (1995 est.)
Distribution of family income - Gini index:
38.5 (2007)
country comparison to the world: 72
35.6 (1995)
Investment (gross fixed):
19.1% of GDP (2009 est.)
country comparison to the world: 103
Budget:
revenues: $94.87 billion
expenditures: $116.4 billion (2009 est.)
Public debt:
76.9% of GDP (2009 est.)
country comparison to the world: 17
66.3% of GDP (2008 est.)
Source: www.cia.gov
$232.6 billion (2009 est.)
country comparison to the world: 50
$239.1 billion (2008 est.)
$239.1 billion (2007 est.)
note: data are in 2009 US dollars
GDP (official exchange rate):
$227.9 billion (2009 est.)
GDP - real growth rate:
-2.7% (2009 est.)
country comparison to the world: 160
0% (2008 est.)
1.9% (2007 est.)
GDP - per capita (PPP):
$21,700 (2009 est.)
country comparison to the world: 56
$22,400 (2008 est.)
$22,500 (2007 est.)
note: data are in 2009 US dollars
GDP - composition by sector:
agriculture: 2.7%
industry: 23%
services: 74.3% (2009 est.)
Labor force:
5.583 million (2009 est.)
country comparison to the world: 66
Labor force - by occupation:
agriculture: 10%
industry: 30%
services: 60% (2007 est.)
Unemployment rate:
9.5% (2009 est.)
country comparison to the world: 114
7.6% (2008 est.)
Population below poverty line:
18% (2006)
Household income or consumption by percentage share:
lowest 10%: 3.1%
highest 10%: 28.4% (1995 est.)
Distribution of family income - Gini index:
38.5 (2007)
country comparison to the world: 72
35.6 (1995)
Investment (gross fixed):
19.1% of GDP (2009 est.)
country comparison to the world: 103
Budget:
revenues: $94.87 billion
expenditures: $116.4 billion (2009 est.)
Public debt:
76.9% of GDP (2009 est.)
country comparison to the world: 17
66.3% of GDP (2008 est.)
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