71186 Portugal: Trade At-A-Glance Dec-08 2007 GDP 2007 GDP 2007 Share 2007 Trade Membership No. of RTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $220,256 $20,806 0.47% $14,771 1962 1995 25 4 Portugal TRADE PERFORMANCE ‡ HI OECD Ranking Decile TP High inc TRADE POLICY (TP) (out of 125) 25 2 EXTERNAL ENVIRONMENT (EE) (out of 126) 20 2 TO EE INSTITUTIONAL ENVIRONMENT (IE) (out of 181) 48 3 TRADE FACILITATION (TF) (out of 151) 28 2 TRADE OUTCOME (TO) (out of 161) 47 3 TF IE ‡ Rankings are based on the "representative" indicators (in bold) in each group below for the latest year Outer bound represents best value in latest year TRADE POLICY (TP)  1995-99^ 2000-04^ 2005-07^ Latest^ Trade Tariff Restrictiveness Index (MFN applied tariffs)& 3.9 4.1 4.1 * TTRI (applied tariffs including preferences) & .. 1.6 1.8 * TTRI Overall TRI (OTRI, applied tariffs incl. prefs.+NTMs)& .. 6.5 6.4 * (MFN) Other trade policy indicators MFN applied tariff - simple avg (%) 7.9 6.1 5.3 5.5 Applied Dispersion (coefficient of variation) 4.4 10.1 1.7 2.0 tariff (wgt avg) Maximum rate 1635.3 2102.4 201.3 228.8 Agriculture - simple avg (%) 26.4 19.1 14.7 16.7 Import Nonagriculture - simple avg (%) 5.2 4.2 3.9 3.8 duties MFN applied tariff - trade weighted avg (%) 5.7 3.5 3.2 3.2 MFN zero-duty imports (% in total imports) 27.4 44.3 58.8 56.7 * Applied tariff (incl. prefs.) - trade weighted avg (%) 4.3 2.2 1.9 2.1 Nontariff measures Agriculture 20.4 11.2 9.4 10.1 Nonagriculture 2.9 1.6 1.5 1.6 0 10 20 30 40 Applied tariff (incl. prefs.) - production weighted avg (%) .. 1.5 2.0 * HI OECD High inc Portugal Applied tariff (incl. prefs.) escalation (finished% minus raw%) -0.3 1.0 1.0 Agriculture .. 7.4 14.4 16.5 Nonagriculture .. -2.2 1.0 0.9 Import duties (% of imports) 0.0 0.0 0.0 0.0 * Services commit. Tariff overhang (MFN bound less MFN applied rate,%) -0.3 1.4 0.2 0.0 Bound tariff frequency ratio (% of total lines) 100.0 100.0 100.0 100.0 * Specific tariffs frequency ratio (%) 3.2 3.7 12.5 10.5 0 40 80 Non-tariff measures frequency ratio (%) 34.4 .. .. .. HI OECD High inc Portugal Overall GATS commitment index (0-100, best) .. 44.2 44.2 EXTERNAL ENVIRONMENT (EE)  1995-99^ 2000-04^ 2005-07^ Latest^ MA-TTRI (applied tariffs incl. prefs.)& 4.8 4.4 * MA-OTRI (applied tariffs incl. prefs.+NTMs)& 14.3 9.1 * MA-TTRI Other external environment indicators ROW applied tariff (incl. prefs.) - weighted avg (%) 8.7 6.9 5.0 4.8 * MFN duty free Agriculture 22.7 19.8 14.5 14.0 * (exports) Nonagriculture 7.5 6.0 4.2 4.1 * MFN zero-duty exports (% of total exports) 15.3 30.8 45.1 46.0 * Value of prefer Exports with FTA / CU partners (% of total exports) 85.4 83.3 77.5 76.6 * Preferences (EU+U.S.) utilization rate (%) .. .. .. .. 0 1 Lowest Highest Preferences (EU+U.S.) actual value (% of exports) .. .. .. .. HI OECD High inc Portugal Real effective exchange rate (% change,+ =apprec.) 0.3 1.5 0.8 1.6 ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used(noted by *). For more infor., see User's Guide at http://www.worldbank.org/wti2008. ŸMFN: most favored nation; NTM: nontariff measures; MA: market access; ROW: rest of the world; FTA: free trade agreement; CU: customs union; WTO: World Trade Organization GATT: General Agreement on Tariffs and Trade; WGI: World Government Indicators; ".." indicates missing value; RTA/EIA: regional trade arrangement / economic integration arrangement; & 2007 are preliminary estimates Portugal Trade At-A-Glance Dec-08 INSTITUTIONAL ENVIRONMENT (IE) 2004 2006 2007 2008 Ease of Doing Business (rank out of 181) .. .. 43 48 Starting a business (rank) .. .. 40 34 Enforcing contracts (rank) .. .. 37 34 Ease of Doing Closing a business (rank) .. 20 34 Business Other institutional environment indicators WGI - Regulatory Quality (-2.5 to +2.5, best) 1.07 0.85 0.88 .. 0 80 160 WGI - Rule of Law (-2.5 to +2.5, best) 1.18 0.94 0.95 .. HI OECD High inc Portugal WGI - Control of Corruption (-2.5 to +2.5, best) 1.22 1.09 1.13 .. TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-07^ Latest^ Logistics Performance Index (LPI, 1 to 5 best) .. .. 3.4 3.4 * Efficiency of customs and other border procedures .. .. 3.2 3.2 * Logistic Index Quality of transport and IT infrastructures .. .. 3.2 3.2 * International transportation costs .. .. 3.2 3.2 * Logistics competence .. .. 3.2 3.2 * Trading Trackability of shipments .. .. 3.4 3.4 * Across Borders Domestic transportation costs .. .. 2.8 2.8 * Timeliness of shipment .. .. 4.1 4.1 * Other trade facilitation indicators UNCTAD Shipping Doing Business - Trading Across Borders (rank out of 181) .. 32 33 No. of documents required for exports .. .. 6 6 No. of days process required for exports .. .. 41 23 Telephones Cost to export (US$ per container) .. .. 552 685 per 100 No. of documents required for imports .. .. 7 7 No. of days process required for imports .. .. 17 16 Secondary Cost to import (US$ per container) .. .. 994 999 enrollment Liner shipping connectivity index (0-100 best) .. .. 19.3 25.4 Telephones and mobiles per 100 people 59.5 125.8 156.5 165.5 * 0 Lowest 1 Highest Average cost of 3-minute call to U.S. (US$) 2.6 0.9 .. .. HI OECD High inc Portugal Internet usage (per 100 people) 6.8 21.3 30.2 33.5 * Secondary gross school enrollment (%) 106.1 105.8 97.4 97.5 * TRADE OUTCOME (TO) ## 1995-99^ 2000-04^ 2005-07^ Latest^ Real growth in trade of goods and services (%) 7.9 3.0 4.7 9.1 10 8.7 9.1 Exports 6.4 4.0 5.8 7.9 8 8.4 7.9 7.9 7.2 6.6 Imports 9.0 2.3 4.3 10.0 6 5.7 5.3 4.7 Other trade outcome indicators 4 3.0 Trade integration (trade as % of GDP) 64.9 66.6 70.0 82.5 2 FDI inflow (% of GDP) 1.5 3.9 2.9 2.7 0 1995-99 2000-04 2005-07 2008 World trade share growth (%) 0.9 -1.6 -3.2 2.5 Trade Growth Rate Exports 0.3 -0.7 -2.2 -0.2 Portugal HI OECD High inc Imports 1.4 -2.2 -3.9 4.6 Merchandise share in total exports (%) 74.6 72.1 70.8 71.0 Exports Share (2005-07) Agriculture 8.0 7.3 7.0 7.0 * Agric, Manufacturing 63.8 61.8 52.9 52.3 * 7.0 Service, Mining, fuel and others 2.8 3.1 11.4 11.8 * 29.2 Service share in total exports (%) 25.4 27.9 29.2 29.0 Tourism 15.1 15.5 14.0 13.7 * Transportation 4.5 5.0 6.3 6.5 * Other services 5.8 7.4 8.4 8.8 * Mining, Manuf, 52.9 Export product concentration index (0 to 100, highest) 11.7 9.9 8.8 8.8 * 11.4 Export market concentration index (0 to 100, highest) 32.9 33.8 34.0 34.1 * Top 5 exports share (% of merchandise exports) .. .. 22.3 21.0 * Top 5 exports (SITC Rev. 2; 3 digit) Cars[781], Motor veh parts/accs[784, ]Valves/transistors[776], Footwear[851], Artcl of apparel[845] ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used (noted by *). For more info., see User's Guide at http://www.worldbank.org/wti2008 ## Most outcome indicators (mostly through 2007) are from the WDI (World Bank, Data Group), UNCTAD or COMTRADE; for filling gaps and 2008, data from the Prospects Group are used.