Country Profiles

DHL Global Connectedness Index 2012

Portugal
Key Scores and Trends
Rank 2011 Overall Depth Breadth Trade Pillar Capital Pillar People Pillar Information Pillar 37/140 52/140 42/140 68 /140 28 /66 30 /101 21/106 2010 33/140 43/140 40 /140 72/140 21/66 28 /101 21/106 Change -4 -9 -2 4 -7 -2 0 Score 2011 55/100 26/50 29/50 49/100 54 /100 68 /100 72/100 2010 58 /100 27/50 31/50 47/100 62/100 68 /100 72/100 Change -3 -1 -2 2 -8 0 0
Top Export Destinations Major Export Products Agricultural products, food products, wine, oil products, chemical products, plastics and rubber, hides, leather, wood and cork 1. Spain (26%) 2. Germany (14%) 3. France (12%) 4. Angola (6%) 5. U.K. (5%) 6. Netherlands (4%) 7. Italy (4%) 8. U.S.A. (3%) 9. Belgium (3%) 10. Brazil (1%)

Rooted Map
Portugals Merchandise Exports, 2011

PRT
2005 2006

Connectedness Score Trend

70 65 60 55 50 45

2007

2008

2009

2010

2011

Depth
Rank Outward Inward Trade Merchandise Trade (% of GDP) Services Trade (% of GDP) Capital FDI Stock (% of GDP) FDI Flows (% of GFCF) Portfolio Equity Stock (% of GDP) Portfolio Equity Flows (% of GDP) Information Internet Bandwidth (Bits per Second per Internet User) International Phone Calls (Minutes per Capita) Printed Publications Trade (USD per Capita) 75/140 85/140 44 /139 75/140 85/139 25% 11% 29% 5% 12% 0% 135,332 111 $9 158 $23 46% 12% 18% -1% Level Outward Inward 34% 7%

Breadth
Rank Outward Trade Merchandise Trade Capital 47/122 28 /132 47/133 34 /102 123/129 48 /140 74 /140 22/97 126/126 FDI Stock FDI Flows 53/140 22 /67 24 /41 27/38 19/66 52/101 41/101 51/135 2007 62/101 47/135 63% 47% 2009 59% 20 /46 14 /41 82% 87% 68% 81% 92% 2010 30% 92% 20% 2011 Inward 75/140 60/140 78% 84% 81% % Same Region Outward 76% Inward

Portfolio Equity Stock Information

PRT
2005 2006

International Phone Calls 65 25/140 10 /140 46/140 43/135 39/140 36/135 Printed 60 Publications Trade People
55 50 45

70

36/124 2008 89/139 8 /107 50 /93

Migrants Tourists Departures/Arrivals International Students

48 /139

Directionality
People Migrants (% of Population) Tourists Dep./Arr. Per Capita International Students (% of Tertiary Education Enrollment) 2/93 75/130 17/116 14 /139 48 /140 18 /136 50 /104 16% 2.0 3% 9% 1.2 2% Overall Depth Breadth
-100 -80 -60 -40 -20 Inward 0 20 Outward 40 60 80 100

Balance

Summary
Portugal ranks 37th on this years DHL Global Connectedness Index, down from 33 rd last year. Its connectedness peaked in 2007 and since has fallen back to its 2005 level. Portugal ranks among the top 30 countries worldwide on all of the pillars except trade, on which it ranks 68 th globally and 30 th within Europe. The decline in Portugals connectedness from 2010 to 2011 was driven by the capital pillar. Portugals falling capital connectedness, however, was offset partially by an increase on the trade pillar over the past year.

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Country Profiles

DHL Global Connectedness Index 2012

How To Read the Country Profiles

Key Scores and Trends
The upper left corner of each profile summarizes the profiled countrys overall global connectedness score as well as its scores by dimension (depth vs. breadth) and its pillar scores (trade, capital, information, and people). 2010 and 2011 scores and ranks are shown along with changes in each of the scores and ranks from 2010 to 2011. Changes in scores indicate shifts in absolute levels of connectedness. Changes in ranks provide comparisons of a countrys relative standing among the countries covered in the index.

Rooted Map
The upper right corner of each profile contains a map where all other countries are sized in proportion to their share of the profiled countrys merchandise exports, and are colored based on the profiled countrys share of their imports. The profiled countrys proportion of the map area is held constant across all of these maps to make them more directly comparable. Thus, these maps do not show differences in the share of exports in the profiled countries economic output. Furthermore, these maps show gross exports; no adjustments are made to remove double-counting of re-exported goods. These maps were generated based on data from the United Nations Commodity Trade Database (Comtrade) and the International Monetary Funds Direction of Trade Statistics Database. For additional context, a list of major export products is also provided for each country. The source for these lists is the CIA World Factbook.

Connectedness Score Trend

Below the scores summary, each profile contains a line chart showing the countrys overall scores for each year from 2005 to 2011. Please note that the vertical axis in the connectedness score trend graph is calibrated in accordance with each countrys individual level of connectedness in order to allow for maximum granularity. The progression of the graph thus needs to be understood in relation to the individual scaling of the axis.

Breadth
The breadth section parallels the depth section described to the left. However, rather than showing raw breadth scores (which do not have meaningful units), the intra-regional share of each countrys flows is shown. In some cases, these ratios were computed based on only a sample of a countrys flows for which partner-by-partner data were available, which could be corrected for more adequately in terms of breadth scores than in terms of intra-regional shares. Thus, these shares should be treated as approximate, especially for the telephone calls component, where such data limitations were most severe. For a list of data sources, please refer to Appendix B.

Depth
The depth section provides each countrys outward and inward depth scores and ranks at the pillar and component levels. Outward/Inward: Results are reported separately by direction. Outward trade flows refer to exports, inward trade flows refer to imports, and so on. Ranks: Each of the ranks is followed by a slash (/) and the number of countries for which data are available for that metric. For example, the Netherlands rank of 8/132 for Outward FDI Stock (% of GDP) means that the Netherlands has the 8th highest score on that component, out of 132 countries for which data are available. For details on the minimum data requirements for displaying pillar level results, please refer to Chapter 5. Levels: Depth levels are reported using measures that compare international flows and stocks to relevant indicators of the size of a countrys domestic economy, as described in Chapter 5. The units depend on the domestic comparison employed, and are described in parentheses after each components name. Thus, for example, Merchandise Trade is displayed as a percent, because the domestic comparison is (% of GDP). For a list of data sources, please refer to Appendix B.

Directionality
The directionality chart shows the profiled countrys outward and inward overall, depth, and breadth scores. A diamond is used to mark the directional balance, calculated as the difference of the outward minus inward scores.

Legend
The symbol for Not Applicable is used in the depth and breadth sections to identify cells in the tables that are not filled in for any country. Levels can only be calculated at the component level, so this symbol always appears in the level columns of the pillar rows. In breadth, this symbol also appears in the cells that refer to components that are excluded from breadth (but covered in depth), typically due to data constraints. The symbol indicates that a particular cell could not be filled in for the profiled country due to limitations in the available data for that specific country.

Summary
A brief textual summary is provided for each country, describing selected highlights of the countrys connectedness profile. The material covered varies from country to country, but typical content in the country profile summaries includes: the countrys overall connectedness rank and how it has changed over time, aspects of connectedness where the countrys ranks are particularly high or low, and comparisons versus other countries in the same region.