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15-64 years: 65.8% (male 3,539,457/female 3,541,989)
65 years and over: 18% (male 791,950/female 1,141,872) (2011 est.)
conventional short form: Portugal
local long form: Republica Portuguesa
local short form: Portugal
over 3,047 m: 5
2,438 to 3,047 m: 7
1,524 to 2,437 m: 8
914 to 1,523 m: 13
under 914 m: 10 (2012)
GDP per capita stands at roughly two-thirds of the EU-27 average. A poor educational system, in particular, has been an obstacle to greater productivity and growth. Portugal has been increasingly overshadowed by lower-cost producers in Central Europe and Asia as a target for foreign direct investment. The budget deficit surged to an all-time high of 6% of GDP in 2005, but the government reduced the deficit to 2.6% in 2007 – a year ahead of Portugal’s targeted schedule. Nonetheless, the government faces tough choices in its attempts to boost Portugal’s economic competitiveness while keeping the budget deficit within the eurozone’s 3%-of-GDP ceiling.
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