Portugal boasts of a competent economy which is flourishing with time. This can be proved by means of several evidences like the 2005 edition of The Global Competitiveness report produced by the World Economic Forum which states that in terms of economic growth Portugal is placed much ahead of other developed countries like France, Spain, Ireland, Hong Kong, Belgium etc. It leads even with respect to the technological and public institutions index. Therefore, it is evident then that since the ancient era to date Portugal has worked immensely hard and efficiently in order to consolidate its position as one of the premier nations in the world today having constant and positive economic growth. In fact, this economic stability has a positive effect on their mode of living as well and researchers have commented that Portugal provides very good quality living to its people, leaping ahead of other superior countries like the United Kingdom, France and Germany.

A member of the Eurozone, Portugal has several major industries which have diversified with time and have added to economic prosperity and growth. These industries include, agriculture and fishing (the Exclusive Economic Zone for the study of marine resources), export of Portuguese wine, comprising of majorly Port wine and Madeira wine, footwear, pulp and paper industry, oil refineries, textile, furniture, cement production, automobile etc. moreover, several corporations and organizations are owned by the central government which also add to revenue to the bulging economy. These include Portugal Telecom, Sonae, EDP Galp, Millennium bcp, Caixa Geral de Depositos. These organizations have a very significant role to play in adding levee and contributing to the growth of the economy. Added to these there is the stock exchange the Euronext Lisbon which is again part of the first global stock exchange. All these have together contributed to the prospering of Portuguese economy.