Portugal is nearly 900 years old, one of the oldest countries in Europe, and has a rich and noble history. It has had a profound cultural, architectural and linguistic influence across the globe, with a legacy of around 250 million Portuguese speakers, and many Portuguese-language variants.
A member of the UN, the EU, the Schengen Area and the Council of Europe (CoE), Portugal was also one of the founding members of NATO, and the OECD (Organisation for Economic Co-operation and Development).
According to data published by the Bank of Portugal and Statistics of Portugal, vehicles continue to be their biggest export (15%), followed by electrical machinery, equipment (7.9%), and mineral fuels, including oil (6.2%). Portuguese power utility Redes Energéticas Nacionais (REN) reports that renewable energy provided 60% of the country’s power needs in the first 6 months of 2020—mainly from hydro and wind.
Portugal is ranked 39 among 190 countries in the World Bank’s Index of Ease of Doing Business.