Portugal Case Study
Introduction
Foreign exchange receipts from tourism, amounting to more than 8 per cent of GDP in 1994, help to compensate for Portugal’s trade deficit. There were some 21.7 million visitors to Portugal in 1994. In 1994 Portugal earned around US$4,100 million from tourism.
Physical Features
Portugal, republic in south-western Europe and is situated in the western portion of the Iberian Peninsula it is bordered on the north and east by Spain and on the south and west by the Atlantic Ocean. The Azores and Madeira Islands in the Atlantic are considered integral parts of the republic. The total area of metropolitan Portugal, including the Azores (2,335 sq km/902 sq mi) and the Madeira Islands (796 sq km/307 sq mi), is 92,345 sq km (35,655 sq mi). Portugal owned the last European colony in the Far East, Macau (Macao), for 442 years, but the territory was handed over to China in December 1999. The capital of Portugal is Lisbon. (Lisboa)