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Article: The market for value-added food grows in Portugal.(Statistical Data Included)
- Article from:
- AgExporter
- Article date:
- February 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 U.S. Department of Agriculture. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Since Portugal's entry into the European Union (EU) in 1986, the country has undergone a tremendous transformation. Portugal has successfully parlayed a dozen years of well managed EU infrastructure funds into strong economic growth, low inflation and substantial foreign investment in productive capacity.
With robust economic growth since 1993, the Portuguese economy is thriving. In 2000, the economy grew at an estimated 3.1 percent above the EU average. Portugal's unemployment rate, currently 4.1 percent, is also significantly better than that of its neighbors. With per capita income of more than $10,000, Portuguese consumers have purchasing power.
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