Portugal

From being one of the poorest countries in Western Europe for the better part of the last century, Portugal has transformed into a rich, diversified, service-oriented and increasingly green economy. The country benefits from a skilled, cost-effective and multilingual workforce, its membership within the European Union (EU) and the eurozone, and an open-door policy towards foreign direct investment (FDI) that ensures equal treatment for domestic and foreign investors. Moreover, Portugal’s strategic location at the western end of the Mediterranean acts as a bridge between Europe, the Americas and Africa.

However, weaknesses persist, including an underdeveloped manufacturing sector, a complex and slow legal system, high public sector debt and inadequate infrastructure.