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This negative trend had been pronounced with the impact of the The decrease of the unemployment is related with the expanding of the Portuguese Economy registered since the third quarter of 2014 (after shrinking in 2011, 2012 and 2013), with a yearly GDP growth of 1.5% registered in the second quarter of 2015. Most of them are unknown to tourists and locals alike. In the first quarter of 2016, the unemployment rate was at 12.4%.

Foreign bank participation is relatively high as is state ownership through the Caixa Geral de Depósitos (CGD).

The trawlers operate only on the mainland shelf and target demersal species such as horse mackerel, blue whiting, octopus and crustaceans. There was a 16-percentage-point increase in the participation of the services sector from 39 percent of GDP in 1973 to 55.5 percent in 1990. Most of this growth reflected the exacerbated proliferation of civil service employment and the associated cost of In order to qualify for the Economic and Monetary Union (EMU), Portugal agreed to cut its fiscal deficit and undertake structural reforms. 17.5% of the population were at risk of poverty after social transfers, meaning their disposable income was below their national at-risk-of-poverty threshold, which is set at 60% of the national median income per adult equivalent. Through emigration, trade, tourism and foreign investment, individuals and firms changed their patterns of production and consumption, bringing about a structural transformation. The number of part-time employees who are considered under-employed and as such, would like to work more hours per day, is at 251,700 people while 240,300 people are currently inactive (not working, or studying).In 2007 some major private universities were investigated by state agencies and two were immediately closed. The risk of poverty after social transfers for men is 18.9%, 20% for women, 25.6% for children, 38.4% for monoparental families with at least one child, 15.4% for two parents and on child and 28.8% for other aggregates with children (elderly, etc.). Tourism is not only a money and jobs spinner for the Algarve, but for the whole of Portugal too, where 15% of gross domestic product (GDP) is created by the industry. In 1975, the year of maximum revolutionary turmoil, Portugal's per capita GDP declined to 52.3 percent of the EC-12 average. The Portuguese industry had a high development, especially after the Second World War, achieving a peak in 1974, when it represented almost 35% of the GDP of Portugal and achieved a high degree of diversification. Portugal overtook Greece in terms of GDP per capita in 1992, but fell again below it in 1993, until today.The growth rate of Portuguese merchandise exports during the period 1959 to 1973 was notable – 11 percent per annum.

The European economic crisis has increased the number of households that remain below the poverty line in Portugal with the greatest affected being the youth due to high unemployment rates.Portugal uses tax and transfer payments to increase equality between high-income earners and the low-income earners in the country.The Act no.

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