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A look at Portugal and its economy

July 3, 2013

Portugal’s government is in danger of collapsing after two key ministers resigned. Financial markets plunged on concerns the government would no longer have support for the reforms it needs to keep accessing its rescue loans.

Here’s a look at Portugal and its economy.

Population: 10.6 million

Annual gross domestic product (2012): 165 billion euros ($215 billion)

GDP relative to the rest of the eurozone: 1.7 percent

Recession: Economy has been shrinking for last 10 consecutive quarters, since the end of 2010

Unemployment rate (May): 17.6 percent

Youth unemployment rate (May): 42.1 percent

Government debt (2012): 123.6 percent of annual GDP

Government budget deficit (2012): 6.4 percent of annual GDP

Bailout: 78 billion euros ($101.5 billion), agreed in 2011

10-year bond yield: 7.73 percent

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