The currency used in Portugal is Euros.
The Lisbon region is the wealthiest region in Portugal and produces
37% of the Portuguese GDP. Lisbon's economy is based primarily on the
tertiary sector. It is fast developing as a dynamic technological hub,
an important financial center and home to the country's chief seaport.
Lisbon has the largest and most developed mass media sector of
Portugal, and is home to several related companies ranging from leading
television networks and radio stations to major newspapers. The
Euronext Lisbon stock exchange, part of the pan-European Euronext
system together with the stock exchanges of Amsterdam, Brussels and
Paris, is tied with the New York Stock Exchange since 2007, forming the
multinational NYSE Euronext group of stock exchanges.
The two main pillars of Portugal's economy are service
and industry. Tourism and business solutions form an
increasingly important aspect of the service sector. Major industries
include oil refineries, automotive, cement production, pulp and paper
industry, textile, footwear, furniture and cork. Manufacturing accounts
for 33% of exports. Portugal is the world's fifth-largest producer of
tungsten, and the world's eleventh-largest producer of wine. Fisheries
and agriculture account for 4% of the country's GDP.
Despite having one of the lowest GDPs in Western Europe, Portugal
boasts of ranking 19 in a global study of quality of life beating
richer neighbours.
Sources
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