Portugal

Once one of the wealthiest nations in the world, global maritime empire and colonizer, Portugal’s historical influence has been a major force in shaping many of day’s economies. Yet in the 20th century, Portugal’s fortunes took a turn for the worse with the collapse of its monarchy followed by decades of repressive governments. Finally, a left-wing military coup brought an end to the right-wing dictatorship and brought in  democracy in the mid 1970’s.  

Since the country’s accession to the European Union in 1986 the economy has become more diversified and increasingly service-oriented. Industries such as textiles, clothing, footwear, cork (of which Portugal is the world's leading producer), wood products and beverages have driven economic growth which is now also bolstered by the development of the tourism industry.   

Despite this period of economic revival, Portugal’s GDP per capita is still amongst the lowest in the EU and Portugal once again stands on the brink of economic hardship as it struggles to refine its economy and create a more pro-business environment for investors.