U n i t e d N at i o n s C o n f e r e n c e o n T r a d e A n d D e v e l o p m e n t
INVESTMENT
COUNTRY PROFILES
PORTUGAL
February 2013
Portugal
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NOTE
The Division on Investment and Enterprise of UNCTAD is a global centre of excellence,
dealing with issues related to investment and enterprise development in the United Nations System. It
builds on three and a half decades of experience and international expertise in research and policy
analysis, intergovernmental consensus building, and provides technical assistance to developing
countries.
The terms country/economy as used in this investment country profile also refer, as appropriate,
to territories or areas; the designations employed and the presentation of the material do not imply the
expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning
the legal status of any country, territory, city or area or of its authorities, or concerning the
delimitation of its frontiers or boundaries. In addition, the designations of country groups are intended
solely for statistical or analytical convenience and do not necessarily express a judgment about the
stage of development reached by a particular country or area in the development process. The major
country groupings used in this investment country profile follow the classification of the United
Nations Statistical Office. These are:
Developed countries: the member countries of the OECD (other than Chile, Mexico, the
Republic of Korea and Turkey), plus the new European Union member countries which are not
OECD members (Bulgaria, Cyprus, Latvia, Lithuania, Malta, and Romania), plus Andorra,
Liechtenstein, Monaco and San Marino.
Transition economies: South-East Europe and the Commonwealth of Independent States.
Developing economies: in general all economies not specified above. For statistical purposes,
the data for China do not include those for Hong Kong Special Administrative Region (Hong Kong
SAR), Macao Special Administrative Region (Macao SAR) and Taiwan Province of China.
Reference to companies and their activities should not be construed as an endorsement by
UNCTAD of those companies or their activities.
The boundaries and names shown and designations used on the maps presented in this
publication do not imply official endorsement or acceptance by the United Nations.
The following symbols have been used in the tables:
•
•
•
•
•
•
•
Two dots (..) indicate that data are not available or are not separately reported. Rows in tables
have been omitted in those cases where no data are available for any of the elements in the row;
A dash (–) indicates that the item is equal to zero or its value is negligible;
A blank in a table indicates that the item is not applicable, unless otherwise indicated;
A slash (/) between dates representing years, e.g., 1994/95, indicates a financial year;
Use of an en dash (–) between dates representing years, e.g., 1994–1995, signifies the full
period involved, including the beginning and end years;
Reference to “dollars” ($) means United States dollars, unless otherwise indicated;
Annual rates of growth or change, unless otherwise stated, refer to annual compound rates;
Details and percentages in tables do not necessarily add up to totals because of rounding.
Only the tables shaded in the Table of Contents are available in this investment country profile.
The material contained in this study may be freely quoted with appropriate acknowledgement.
Exchange rates, Euros per US dollar
Period average
End of period
1995
0.754
0.745
1996
0.769
0.780
1997
0.874
0.914
1998
0.898
0.857
1999
0.939
0.995
2000
1.085
1.075
2001
1.118
1.135
2002
1.063
0.954
2003
0.886
0.792
2004
0.805
0.734
2005
0.804
0.848
2006
0.797
0.759
2007
0.731
0.679
2008
0.683
0.719
2009
0.720
0.694
2010
0.755
0.748
2011
0.719
0.773
Unedited Version
UNCTAD/WEB/DIAE/IA/2012/16
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Table of Contents
Page
Highlights........................................................................................................................
A. Definitions and sources of data...............................................................................
B. Statistics on FDI and the operations of TNCs (shaded rows show available tables)
1
1
4
Table 1. Summary of FDI................................................................................................................................
4
Table 2. Summary of international production.................................................................................................
4
Table 3. FDI flows, by type of investment.......................................................................................................
5
Table 4. FDI stocks, by type of investment.....................................................................................................
6
Table 5. FDI flows in the host economy, by industry.......................................................................................
7
Table 6. FDI flows in the host economy, by geographical origin......................................................................
8
Table 8. FDI flows abroad, by industry............................................................................................................
9
Table 9. FDI flows abroad, by geographical destination..................................................................................
10
Table 11. FDI stocks in the host economy, by industry...................................................................................
11
Table 12. FDI stocks in the host economy, by geographical origin..................................................................
12
Table 14. FDI stocks abroad, by industry........................................................................................................
13
Table 15. FDI stocks abroad, by geographical destination..............................................................................
14
Table 19. The number of home-based TNCs, by industry in the home economy............................................
Table 20. The number of foreign affiliates of home-based TNCs, by industry abroad.....................................
Table 21. The number of foreign affiliates of home-based TNCs, by geographical location abroad................
Table 22. The number of affiliates of foreign TNCs in the host economy, by industry.....................................
15
Table 23. The number of affiliates of foreign TNCs in the host economy, by geographical origin....................
Table 26. Assets of home-based TNCs, by industry in the home economy.....................................................
Table 27. Assets of foreign affiliates of home-based TNCs, by industry abroad..............................................
Table 28. Assets of foreign affiliates of home-based TNCs, by geographical location abroad.........................
Table 29. Assets of affiliates of foreign TNCs in the host economy, by industry..............................................
Table 30. Assets of affiliates of foreign TNCs in the host economy, by geographical origin............................
Table 31. Employment of home-based TNCs, by industry in the home economy............................................
Table 32. Employment of foreign affiliates of home-based TNCs, by industry abroad.....................................
16
Table 33. Employment of foreign affiliates of home-based TNCs, by geographical location abroad................
17
Table 34. Employment of affiliates of foreign TNCs in the host economy, by industry.....................................
18
Table 35. Employment of affiliates of foreign TNCs in the host economy, by geographical origin...................
19
Table 36. Wages and salaries of home-based TNCs, by industry in the home economy................................
Table 37. Wages and salaries of foreign affiliates of home-based TNCs, by industry abroad.........................
Table 38. Wages and salaries of foreign affiliates of home-based TNCs, by geographical destination...........
Table 39. Wages and salaries of affiliates of foreign TNCs in the host economy, by industry.........................
Table 40. Wages and salaries of affiliates of foreign TNCs in the host economy, by geographical origin........
Table 41. Sales of home-based TNCs, by industry in the home economy.......................................................
Table 42. Sales of foreign affiliates of home-based TNCs, by industry abroad................................................
20
Table 43. Sales of foreign affiliates of home-based TNCs, by geographical location abroad...........................
21
Table 44. Sales of affiliates of foreign TNCs in the host economy, by industry................................................
22
Table 45. Sales of affiliates of foreign TNCs in the host economy, by geographical origin..............................
23
Table 46. Value added of home-based TNCs, by industry in the home economy............................................
Table 47. Value added of foreign affiliates of home-based TNCs, by industry abroad.....................................
24
Table 48. Value added of foreign affiliates of home-based TNCs, by geographical location abroad................
25
Table 49. Value added of affiliates of foreign TNCs in the host economy, by industry.....................................
26
Table 50. Value added of affiliates of foreign TNCs in the host economy, by geographical origin...................
27
Table 51. Profits after taxes of home-based TNCs, by industry in the home economy....................................
Table 52. Profits after taxes of foreign affiliates of home-based TNCs, by industry abroad.............................
Table 53. Profits after taxes of foreign affiliates of home-based TNCs, by geographical destination...............
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iii
Table of Contents
Page
Table 54. Profits after taxes of affiliates of foreign TNCs in the host economy, by industry.............................
Table 55. Profits after taxes of affiliates of foreign TNCs in the host economy, by geographical origin...........
Table 56. Exports of home-based TNCs, by industry in the home economy...................................................
Table 57. Exports of foreign affiliates of home-based TNCs, by industry abroad............................................
28
Table 58. Exports of foreign affiliates of home-based TNCs, by geographical destination..............................
29
Table 59. Exports of affiliates of foreign TNCs in the host economy, by industry............................................
30
Table 60. Exports of affiliates of foreign TNCs in the host economy, by geographical origin...........................
31
Table 61. Imports of home-based TNCs, by industry in the home economy....................................................
Table 62. Imports of foreign affiliates of home-based TNCs, by industry abroad.............................................
32
Table 63. Imports of foreign affiliates of home-based TNCs, by geographical destination...............................
33
Table 64. Imports of affiliates of foreign TNCs in the host economy, by industry.............................................
34
Table 65. Imports of affiliates of foreign TNCs in the host economy, by geographical origin...........................
35
Table 66. R&D of home-based TNCs, by industry in the home economy........................................................
Table 67. R&D of foreign affiliates of home-based TNCs, by industry abroad.................................................
Table 68. R&D of foreign affiliates of home-based TNCs, by geographical destination...................................
Table 69. R&D of affiliates of foreign TNCs in the host economy, by industry.................................................
Table 70. R&D of affiliates of foreign TNCs in the host economy, by geographical origin...............................
Table 71. Employment in R&D of home-based TNCs, by industry in the home economy................................
Table 72. Employment in R&D of foreign affiliates of home-based TNCs, by industry abroad.........................
Table 73. Employment in R&D of foreign affiliates of home-based TNCs, by geographical destination...........
Table 74. Employment in R&D of affiliates of foreign TNCs in the host economy, by industry.........................
Table 75. Employment in R&D of affiliates of foreign TNCs in the host economy, by geographical origin.......
Table 76. Royalty receipts of home-based TNCs, by industry in the home economy......................................
Table 77. Royalty receipts of foreign affiliates of home-based TNCs, by industry abroad...............................
Table 78. Royalty receipts of foreign affiliates of home-based TNCs, by geographical destination.................
Table 79. Royalty receipts of affiliates of foreign TNCs in the host economy, by industry...............................
Table 80. Royalty receipts of affiliates of foreign TNCs in the host economy, by geographical origin..............
Table 81. Royalty payments of home-based TNCs, by industry in the home economy....................................
Table 82. Royalty payments of foreign affiliates of home-based TNCs, by industry abroad.............................
Table 83. Royalty payments of foreign affiliates of home-based TNCs, by geographical destination...............
Table 84. Royalty payments of affiliates of foreign TNCs in the host economy, by industry.............................
Table 85. Royalty payments of affiliates of foreign TNCs in the host economy, by geographical origin...........
Table 86. Largest home-based TNCs..............................................................................................................
36
Table 87. Largest foreign affiliates of homebased TNCs..................................................................................
37
Table 88. Largest affiliates of foreign TNCs in the host economy....................................................................
38
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Portugal
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Highlights
At the end of 2011, the stock of inward foreign direct investment (FDI) in Portugal was worth €84
billion ($109 billion); the stock of outward FDI by Portuguese firms was €53 billion ($68 billion).
The Portuguese share of inward FDI stock in the European Union is slightly larger than its share of
GDP, but its share of outward stock is considerably smaller.
Since 2007, the economic crisis has severely impacted FDI flows in and out of Portugal. In the period
2008–2010, its average annual inflows were €2.4 billion ($3 billion) or roughly half of the pre-crisis
level (€4.7 billion in 2005–2007), although inflows recovered to €7.4 billion ($10 billion) in 2011.
Likewise, outflows declined from an average of €3.8 billion ($4.9 billion) from 2005–2007 to €1.2
billion ($1.8 billion) over the period 2008–2009. In 2010, the outflows recorded a net divestment of
€5.7 billion ($7.5 billion), which was primarily due to divestment from the Netherlands worth €7.5
billion. However, in the following year, Portuguese firms invested €8.9 billion in the Netherlands,
accounting for over 97 per cent of the total outflows. Divestment in 2010 was mostly in the form of
equity while outward investment in 2011 was in the form of “other” capital.
At the end of 2011, over 80 per cent of inward FDI stock in Portugal was held by investors from other
EU countries. The largest source countries were the Netherlands, Spain and Luxembourg. For the
outward FDI stock, the largest investment destinations were the Netherlands, Spain and Brazil.
Angola was the fifth largest recipient behind Denmark. About one fifth of the outward FDI stock was
in the Caribbean region.
In terms of sectoral composition, almost half of inward stock is in the financial industry; outward
stock is also dominated by the financial industry.
Foreign affiliates in Portugal employed 298'500 workers and generated sales worth €63 million ($87
million) and value added worth €13 million ($18 million) in 2009.
A.
Definitions and sources of data
The Banco de Portugal has been
responsible for compiling and producing
the Portuguese balance of payments (BOP)
and international investment position (IIP)
statistics since 1963. The Banco de
Portugal is authorized to collect data from
both banks and non-banks (direct reporters
and the official sector), and Decree Law
No 295/2003 of 21 November imposes a
general obligation on banks and non-banks
to report BOP transactions.
The definition of FDI applied by Banco de
Portugal is in line with international
standards. The new version of the
Nomenclature of External Operations has
complied with the 10 per cent rule since
the introduction of Decree Law No 321/95
of 28 November 1995, which took into
account the international recommendations
regarding FDI. The direct investment item
in the Portuguese BOP includes short-term
transactions between direct investors and
direct investment companies. Furthermore,
all cross-border transactions in real estate
are covered. The directional principle is
applied to include reverse flows and cross
participation. FDI flow data are compiled
with a breakdown by type of operation, by
country and by major economic activities.
Data provided by the stock survey is also
being used to improve the coverage of
long-term/short-term
loans
between
enterprises with a direct investment
relationship. Equity contributions without
payment (provision of real or financial
assets) are also covered by those surveys.
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Special-purpose entities (SPEs) are treated,
both for inflows and outflows, in
accordance with the fifth edition of IMF's
Balance of Payments Manual (BPM5) and
the fourth edition of OECD's Benchmark
Definition recommendations, i.e. they are
included if short-term transactions between
banks or other financial intermediaries are
not involved.
The country classification of FDI is
according to the first foreign counterpart.
An additional breakdown by nationality of
the ultimate owner is required in the
surveys. The sectoral classification of
inward and outward FDI follows the
economic activity of the resident
enterprise. It is based on the Portuguese
classification scheme (CAE), which was
derived from the harmonized European
system of classification of economic
activities (NACE).
The Banco de Portugal collects data on a
transaction-by-transaction basis for inward
and outward direct investment flows via
the External Transaction Report (COE)
registers submitted by the resident banking
community. The Banco de Portugal also
receives detailed data on direct investment
transactions above €250,000 via the Direct
Investment Statistical Declaration, i.e. data
regarding the identification of the resident
and non-resident parties to the transaction,
a description of the transaction, and
supplementary information on equity
participation. Whenever transactions are
performed via a non-resident bank, the
resident must report directly the
transaction settlement which takes place
abroad to the Banco de Portugal.
The reporting entities are the following:
Banks: Banks are required to report the
following types of external transactions:
those carried out on behalf of their resident
and nonresident customers or on their own
account, whether acting as an intermediary
between a non-resident (bank or non-bank)
and another resident bank, or carrying out
interbank operations affecting an external
position.
Direct reporters: General direct reporters
provide information on all transactions
with non-residents, whether settled through
a resident bank or not. Residents holding
accounts abroad must report settlements
via non-resident banks. Residents holding
current accounts with non-residents must
report all settlements cleared through those
accounts.
Enterprises involved in FDI: Data on stock
surveys for direct investment, both abroad
and in Portugal, are collected from resident
FDI enterprises in either the financial or
the non-financial sector.
Direct investment statistics are based on
the results of an annual stock survey on
international direct investment. This
survey is the source used for recording
reinvested earnings. For foreign direct
investment in Portugal, the survey was first
launched to gather data for end-1995. For
Portuguese direct investment abroad, data
based on a stock survey began to be
available from 1996 onwards.
Data supplied to the Banco de Portugal are
based on book values. During the period in
which survey results are not yet available,
provisional estimates are produced via the
accumulation of flows over the last
surveyed stock data, taking into account
also an estimate for exchange rate and
price changes and other adjustments such
as reclassifications.
Data on equity capital are available both at
market prices and book value, according to
the own funds at book value (OFBV)
definition. For the valuation at market
prices, additional information is collected
from the Portuguese stock exchange (for
inward investment) and from commercial
data providers (for outward investment).
No adjustment to market values is made
concerning investment in equity capital of
unquoted companies. In this case, the
OFBV criteria apply.
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Transactions settled via an exchange of
shares are only collected from the FDI
stock surveys, being recorded at the time
the exchange of shares takes place and
valued according to the accounting entries
reported in the surveys.
Under
direct
investment
income,
reinvested earnings are accrued. The main
sources for data on reinvested earnings are
the annual stock surveys on direct
investment activities performed abroad by
residents and in Portugal by non-residents.
Given
the
statistical
requirements
regarding the production of the BOP on
both a monthly and a quarterly basis,
estimates are made on this issue.
Provisional reinvested earnings for the
period not yet surveyed are estimated
using information from the BOP collection
system (for the estimation of end-of-period
positions) and from the last conducted
survey (global profitability rate for equity
capital). For inward flows, the latter is
adjusted using more recent information
available from the Central Balance Sheet
Database kept by the Banco de Portugal’s
Statistics Department in the case of
nonfinancial companies, and from its
Supervision Department in the case of
banks and other financial companies
with detailed sector and geographical
breakdowns for some items, which are first
released on the website of the Banco de
Portugal and subsequently published in the
Banco de Portugal’ Statistical Bulletin.
Monthly BOP data consistent with the
BPM5 are available since January 1996,
while quarterly IIP data are available since
the fourth quarter of 1995. Seasonally
adjusted time series for the current and
capital accounts are also available since
January 1996 and published in the
“Boletim Estatístico”.
Data on the operations of majority-owned
affiliates of foreign TNCs in Portugal and
of majority-owned foreign affiliates of
Portuguese TNCs are also collected
through the FDI survey carried out by the
Banco de Portugal. The country
classification is according to the first
foreign
counterpart.
The
sectoral
classification follows economic activity of
the foreign affiliate in Portugal and the
Portuguese affiliate abroad. When
compiling the operations data of a jointly
owned affiliate, it is treated as belonging to
the largest shareholder (inward and
outward).
The first estimates of BOP flows are made
six weeks after the end of each
month/quarter and are based on
information reported to the Banco de
Portugal by banks (settlements data) and
enterprises. New data that becomes
available after that period may result in
revisions in terms of BOP item and/or
geographical breakdown.
Revisions to FDI flows are due to the
incorporation of updated information
collected from annual FDI Surveys that
complement the COE data compiled
monthly.
The Banco de Portugal compiles and
produces a monthly Portuguese BOP on a
transaction basis and a quarterly IIP, both
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Portugal
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B. Statistics on FDI and the operations of TNCs
Table 1. Summary of FDI
(Millions of euros and percentage)
Variable
Inward
1. FDI flows, 2008-2011 (annual average)
2. FDI flows as a percentage of GFCF, 2008-2011 (annual average)
3. FDI stocks, 2011
4. FDI stocks as a percentage of GDP, 2011
Outward
3 643
1 473
10.9
4.7
84 268
52 594
45.7
28.5
Source: Based on tables 3, 4 and UNCTAD, FDI/TNC database.
Table 2. Summary of international production
(Millions of euros and number)
Variable
Number, 2009
Employees (thousands), 2009a
Wages and Salaries
Value added, 2009a
Sales, 2009a
Exports, 2002a
Imports, 2002a
R&D Expenditures
Homebased
TNCs
(Parent)
Affiliates of
foreign
TNCs in
Portugal
Foreign
affiliates of
Portugese
TNCs abroad
..
5 069
..
..
..
298.5
..
..
24.9
..
13 461
988
..
62 677
10 561
..
8 074
356
..
..
9 476
..
783
..
Source: UNCTAD FDI/TNC database, based on tables 22, 32, 34, 42, 44, 47, 49, 57, 59, 62 and 64.
a
Data for foreign affiliates of Portuguese TNCs abroad refer to 2003.
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Portugal
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Table 3. FDI flows, by type of investment, 1985–2011
(Millions of euros)
Inward investment
Year
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Equity
156
100
186
426
1 028
1 550
1 601
1 230
861
802
117
498
709
1 711
- 855
6 058
1 619
2 008
6 513
4 382
2 124
5 544
1 599
2 046
630
743
5 443
Reinvested
earnings
10
9
30
33
17
73
45
30
-2
0
136
506
641
729
988
693
726
- 557
400
504
667
2 222
840
907
1 121
2 716
1 307
Other
52
64
106
191
199
176
47
180
237
148
264
30
713
260
953
451
4 617
460
- 579
-3 328
368
930
- 201
232
197
-1 461
691
Outward investment
Total
249
204
363
712
1 420
1 856
1 765
1 261
1 230
1 051
516
1 034
2 063
2 700
1 086
7 202
6 963
1 912
6 334
1 558
3 160
8 695
2 238
3 185
1 948
1 998
7 441
Equity
8
5
9
25
68
84
217
383
38
152
358
481
1 428
2 788
2 418
7 758
6 343
-1 739
6 459
5 266
6
4 068
1 370
1 541
- 566
-8 359
2 795
Reinvested
earnings
1
1
1
2
0
3
0
0
10
23
0
9
210
284
387
203
314
- 340
- 58
305
423
945
334
699
650
2 014
1 007
Other
7
5
4
5
2
63
110
48
34
62
30
70
190
548
190
866
341
1 921
- 568
431
1 268
678
2 309
- 368
504
687
5 289
Total
19
14
-8
33
75
116
334
463
118
237
519
561
1 828
3 620
2 995
8 827
6 997
- 158
5 833
6 002
1 697
5 691
4 013
1 872
588
-5 658
9 092
Source : UNCTAD FDI/TNC database, based on data from the Banco de Portugal.
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Table 4. FDI stocks, by type of investment, 1985–2011
(Millions of euros)
Inward investment
Year
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Equity and
Retained
earnings
..
..
..
..
..
..
..
..
..
..
11 632
13 987
18 823
24 297
23 961
31 276
32 906
34 341
40 456
45 909
50 632
62 384
72 114
65 155
72 584
77 115
77 123
Equity
..
..
..
..
..
..
..
..
..
..
12 539
17 090
21 910
20 642
27 363
28 480
30 466
35 770
40 975
45 142
61 884
71 237
64 212
69 902
72 220
72 677
Retained
earnings
..
..
..
..
..
..
..
..
..
..
1 449
1 733
2 386
3 318
3 913
4 426
3 875
4 686
4 934
5 490
500
877
943
2 682
4 895
4 446
Outward investment
Other
..
..
..
..
..
..
..
..
..
..
2 514
2 486
1 653
1 492
2 827
3 161
7 970
8 223
7 513
3 258
3 060
4 784
6 219
6 678
7 042
6 470
7 144
Total
Equity and
Retained
earnings
4 081
4 354
4 870
5 861
7 670
7 044
8 714
10 902
14 488
14 043
14 146
16 473
20 476
25 789
26 788
34 437
40 876
42 564
47 969
49 167
53 691
67 169
78 333
71 833
79 626
83 585
84 268
..
..
..
..
..
..
..
..
..
..
2 298
2 896
4 687
7 559
10 333
19 358
23 322
16 432
24 148
29 252
31 875
36 233
39 801
39 946
42 198
42 759
39 512
Equity
..
..
..
..
..
..
..
..
..
..
2 759
4 350
7 020
9 719
18 275
22 030
15 629
23 455
28 360
30 581
35 927
39 375
39 485
41 116
39 051
34 596
Retained
earnings
..
..
..
..
..
..
..
..
..
..
137
337
539
614
1 083
1 292
802
694
893
1 294
305
427
461
1 082
3 708
4 916
Other
Total
..
..
..
..
..
..
..
..
..
..
366
379
563
1 205
1 107
1 914
1 942
3 903
3 123
3 007
3 698
4 757
6 193
5 327
5 332
7 183
13 082
Source : UNCTAD FDI/TNC database, based on data from the Banco de Portugal.
Note : Values before 1990 are in US dollars and are estimates by subtracting flows from the 1990 stock.
_____________________________________________________________________________________________________
590
608
597
642
737
600
912
1 501
1 938
1 972
2 664
3 275
5 250
8 764
11 440
21 272
25 264
20 335
27 271
32 259
35 573
40 990
45 994
45 273
47 530
49 942
52 594
Portugal
_____________________________________________________________________________________________________7
Table 5. FDI flows in the host economy, by industry, 2000–2011
(Millions of euros)
Sector / industry
Total
Primary
Agriculture, hunting, forestry and fishing
Mining, quarrying and petroleum
Mining and quarrying
Petroleum
Secondary
Food, beverages and tobacco
Textiles, clothing and leather
Wood and wood products
Publishing and printing
Coke, petroleum products and nuclear fuel
Chemicals and chemical products
Rubber and plastic products
Non-metallic mineral products
Metal and metal products
Machinery and equipment
Electrical and electronic equipment
Office, accounting and computing machinery
Radio, television and communication apparatus
Precision instruments
Motor vehicles and other transport equipment
Motor vehicles, trailers and semi-trailers
Other manufacturing
Tertiary
Electricity, gas and water
Construction
Trade
Automotive trade and repair
Wholesale trade
Distributive trade
Hotels and restaurants
Transport, storage and communications
Transport and storage
Post and communications
Finance
Financial intermediation
Insurance and pension funding
Activities auxiliary to financial intermediation
Business activities
Real estate
Rental activities
Computer and related activities
Research and development
Other business activities
Public administration and defence
Education
Health and social services
Community, social and personal service activities
Recreational, cultural and sporting activities
Other services
Unspecified
Private buying and selling of property
2000
7 202
26
14
16
16
134
- 58
1
- 34
196
24
- 14
15
- 150
- 150
-1
89
89
6 833
- 53
33
549
82
392
113
23
413
37
376
5 420
2 552
20
18
376
104
-5
34
243
8
8
11
209
-
2001
6 963
15
- 10
1
1
- 357
- 159
- 19
7
1
-2
40
12
26
- 31
- 31
-1
- 153
- 153
6 974
95
122
3 679
- 25
3 482
333
28
328
162
166
2 236
451
-1
16
499
136
96
27
282
-2
-2
2
102
229
2002
1 912
3
5
- 118
- 85
- 17
58
- 11
- 70
41
- 28
- 63
- 25
- 38
9
-2
-2
1 545
80
- 34
191
- 116
- 132
250
5
519
439
81
961
737
76
32
- 518
- 270
29
17
1
- 36
- 20
- 20
16
125
357
2003
6 334
6
7
-3
-3
291
-6
- 17
190
- 128
-7
18
1
- 284
-7
- 277
15
- 116
- 116
5 439
15
55
597
- 154
142
158
- 14
591
169
478
-2 225
-1 182
- 30
- 42
5 972
175
2
30
-1
6 398
- 25
- 25
- 20
158
440
2004
1 558
96
18
48
48
838
- 25
- 16
77
-2
114
- 52
79
- 18
- 66
-1
- 65
18
- 190
- 190
- 103
142
64
-2 970
- 220
-3 176
147
124
- 174
68
- 53
189
35
10
41
2 302
35
127
18
-1
2 391
6
6
- 24
260
466
2005
3 160
77
..
..
..
..
- 226
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2 721
10
70
- 417
..
..
..
- 41
53
..
..
2 055
..
..
..
716
492
224
..
..
..
587
..
2006
8 695
146
..
..
..
..
281
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
7 533
357
368
- 50
..
..
..
- 27
- 566
..
..
4 944
..
..
..
2 234
164
2 070
..
..
..
736
..
2007
2 238
- 80
..
..
..
..
13
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
1 360
174
199
-1 685
..
..
..
- 10
104
..
..
1 649
..
..
..
785
321
464
..
..
..
944
..
2008
3 185
102
88
..
..
404
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2 372
122
- 11
-1 262
..
..
..
61
296
..
..
1 566
496
..
..
1 506
479
1 027
..
..
..
306
..
2009
1 948
148
..
..
..
-1 077
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
3 003
180
72
- 395
..
..
..
83
- 35
..
..
2 315
41
..
..
212
261
- 49
..
..
..
- 127
..
2010
1 998
96
15
81
74
7
696
74
11
122
..
-4
44
234
..
31
- 27
- 53
2
- 57
-3
304
307
..
1 056
- 946
66
- 716
- 289
- 642
215
29
199
25
174
1 696
1 763
- 91
24
651
338
45
- 13
5
277
34
4
- 10
47
- 29
1
149
..
Source : UNCTAD FDI/TNC database, based on data from the Bank of Portugal.
_____________________________________________________________________________________________________
2011
7 441
19
..
..
..
624
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
6 557
55
163
- 542
..
..
..
115
..
..
5 991
114
..
..
351
182
169
..
..
..
241
..
Portugal
_____________________________________________________________________________________________________8
Table 6. FDI flows in the host economy, by geographical origin, 2000–2011
(Millions of euros)
Region / economy
Total world
Developed countries
Europe
European Union
Belgium
Cyprus
Denmark
Finland
France
Germany
Ireland
Italy
Luxembourg
Netherlands
Spain
Sweden
United Kingdom
Other developed Europe
Norway
Switzerland
North America
Canada
United States
Other developed countries
Australia
Japan
Bermuda
Developing economies
Africa
Angola
South Africa
Latin America and the Caribbean
South and Central America
South America
Brazil
Colombia
Venezuela, Bolivarian Rep. of
Central America
Belize
Panama
Caribbean
Bahamas
British Virgin Islands
Cayman Islands
Netherlands Antilles
Asia
West Asia
Kuwait
Saudi Arabia
Turkey
South, East and South-East Asia
China
Hong Kong, China
India
Korea, Republic of
Macao, China
Singapore
Taiwan Province of China
Oceania
South-East Europe and CIS
CIS
Russian Federation
Unspecified
2000
7 202
6 963
6 931
6 904
308
- 33
- 115
184
341
102
988
449
2 420
2 573
164
484
26
13
29
- 25
67
- 92
57
1
-9
63
244
6
1
1
229
- 36
-3
137
- 139
- 34
3
- 37
265
- 41
74
247
- 15
9
5
-1
4
4
6
-6
4
-4
2001
6 963
7 011
6 799
6 716
-1
72
8
80
- 166
234
27
899
1 423
993
38
3 086
83
39
67
277
- 34
311
- 64
-3
- 55
-7
- 70
16
2
2
- 149
- 460
- 541
- 543
1
81
83
-2
311
278
28
81
- 79
63
22
22
41
15
-2
4
24
..
21
2002
1 912
1 999
1 779
1 669
- 87
- 35
11
- 31
114
- 20
38
437
- 148
1 094
- 11
330
110
- 38
146
197
13
185
23
5
2
- 75
-1
1
- 109
27
144
132
1
- 117
- 96
- 21
- 136
- 66
- 22
- 45
-3
36
-1
36
1
10
11
4
10
..
- 13
2003
2004
6 334
6 277
124
366
34
- 377
7
239
- 95
45
112
210
-1 430
968
- 66
726
- 241
- 244
6 151
6 336
- 185
2
17
- 16
39
4
3
-1
14
- 113
-6
1
- 113
- 116
4
127
- 504
79
25
-4
20
- 16
4
36
-3
44
8
- 33
25
..
18
1 558
2 052
- 502
- 643
71
- 219
67
- 158
- 21
- 54
8
30
- 202
2 353
- 128
-2 411
140
-9
132
97
- 27
124
2 458
2
6
2 450
- 167
2
2
2
- 153
- 134
-3
-6
1
- 131
- 131
- 19
- 23
2
14
- 11
- 15
21
18
- 36
- 59
9
21
- 38
..
- 327
2005
3 160
3 573
4 038
4 074
397
245
24
-4
798
- 222
- 91
149
- 38
262
1 912
-6
537
- 37
-2
- 30
- 436
- 123
- 313
- 29
-1
- 15
- 428
2
6
-1
- 392
69
69
65
1
- 461
..
..
..
..
- 38
4
2
- 42
..
- 43
..
..
14
2006
8 695
7 993
5 929
5 959
- 320
142
- 21
19
1 224
261
236
- 147
- 20
2 106
2 309
- 312
437
- 30
3
- 127
2 029
1 652
377
35
27
8
711
28
18
2
675
81
81
80
1
594
..
..
..
..
8
2
1
5
-1
..
6
8
..
..
1
1
1
-9
2007
2 238
2 688
2 292
2 342
65
160
76
- 18
214
- 308
166
152
738
-1 060
1 650
- 253
760
- 50
- 18
- 61
244
- 98
342
151
170
- 19
- 302
10
4
5
- 305
35
35
34
2
- 340
..
..
..
..
-7
9
- 10
-2
..
4
- 11
..
..
2
2
2
- 150
2008
3 185
3 187
2 454
2 446
169
- 123
70
-8
141
- 120
10
88
500
151
448
276
616
8
2
- 29
665
591
74
68
57
10
14
51
46
2
- 41
33
32
31
2
- 73
..
..
..
..
4
15
9
-3
-5
..
4
-2
..
..
10
10
10
- 27
2009
1 948
1 381
1 824
1 752
- 32
109
- 43
- 31
710
- 679
207
- 74
487
1 671
683
4
-1 177
73
- 28
56
- 486
- 412
- 73
42
24
18
557
136
116
2
382
216
215
212
3
1
166
..
..
..
..
40
32
2
-1
..
4
..
..
2
2
2
7
2010
1 998
1 622
1 777
1 822
- 24
83
- 30
-9
- 196
26
- 232
195
1 533
1 059
- 760
-4
- 217
- 45
-2
1
- 159
14
- 172
3
5
-1
352
41
31
261
607
598
591
8
9
8
- 346
- 251
35
- 129
-1
50
2
-2
48
1
1
3
2
39
3
12
11
10
12
Source : UNCTAD FDI/TNC database, based on data from the Bank of Portugal.
_____________________________________________________________________________________________________
2011
7 441
7 268
7 342
6 995
- 80
15
2
-1
743
97
- 22
84
359
5 412
543
- 40
- 156
346
1
345
- 95
- 408
312
21
19
1
28
75
69
-1
- 49
- 49
- 50
- 68
17
1
..
..
..
..
..
2
4
3
1
-2
-1
..
-1
..
..
10
10
9
135
Portugal
_____________________________________________________________________________________________________9
Table 8. FDI flows abroad, by industry, 2000–2011
(Millions of euros)
Sector / industry
Total
Primary
Agriculture, hunting, forestry and fishing
Mining, quarrying and petroleum
Mining and quarrying
Secondary
Food, beverages and tobacco
Textiles, clothing and leather
Wood and wood products
Publishing and printing
Coke, petroleum products and nuclear fuel
Chemicals and chemical products
Rubber and plastic products
Non-metallic mineral products
Metal and metal products
Machinery and equipment
Electrical and electronic equipment
Office, accounting and computing machinery
Radio, television and communication apparatus
Precision instruments
Motor vehicles and other transport equipment
Motor vehicles, trailers and semi-trailers
Other manufacturing
Tertiary
Electricity, gas and water
Construction
Trade
Automotive trade and repair
Wholesale trade
Distributive trade
Hotels and restaurants
Transport, storage and communications
Transport and storage
Post and communications
Finance
Financial intermediation
Insurance and pension funding
Activities auxiliary to financial intermediation
Business activities
Real estate
Rental activities
Computer and related activities
Research and development
Other business activities
Public administration and defence
Education
Health and social services
Community, social and personal service activities
Recreational, cultural and sporting activities
Other services
Unspecified
Private buying and selling of property
2000
8 827
6
5
..
..
- 389
-6
- 17
- 20
- 62
-4
-1
- 24
-2
-2
-2
2
2
8 320
2
58
77
-2
24
58
10
35
25
9
5 895
742
594
2 948
14
1
-1
2 175
2
2
- 75
890
-
2001
6 997
5
7
..
..
- 117
-3
-9
-1
- 73
-9
- 15
-1
-1
6 796
3
148
3 209
3 154
-1
13
-9
- 24
15
2 733
19
- 27
478
888
12
- 32
1
814
4
4
- 27
272
42
2002
- 158
3
3
..
..
- 26
- 25
-3
22
- 15
25
- 14
3
25
25
1
1
1
- 215
5
-7
-3 087
1
-3 083
9
10
72
69
3
2 522
395
- 22
- 137
- 613
18
- 32
3
349
2
2
2
60
19
2003
5 833
2
4
1
1
- 228
-3
2
1
- 45
-1
10
-1
1
1
5 557
2
- 64
42
1
58
1
14
- 10
-6
1
- 641
125
-1
-1
- 135
10
- 24
3
- 103
-2
-2
-3
474
29
2004
6 002
-2
-1
-1
60
- 12
-8
43
- 21
33
1
- 19
-1
3
3
-1
-1
5 978
- 53
108
131
- 17
174
2
2
- 19
5
-8
1 459
212
- 15
11
5 038
22
-4
-1
4 201
2
2
1
- 66
32
2005
1 697
2
3
..
..
- 600
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
1 029
- 12
-7
696
..
..
..
11
- 13
..
..
189
396
..
..
- 588
16
..
..
..
30
1 267
-
2006
5 691
-1
..
..
- 105
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
5 428
183
219
..
..
..
11
-3
..
..
3 250
369
..
..
4 755
- 31
..
..
..
1 447
369
-
2007
4 013
2
1
1
1
- 181
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
3 752
161
- 238
118
..
..
..
33
-7
..
..
3 635
511
..
..
3 018
62
..
..
..
- 180
440
-
2008
1 872
15
15
..
..
- 265
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
1 583
47
- 331
262
..
..
..
38
24
..
..
888
110
..
..
562
90
..
..
..
472
539
-
2009
588
437
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
134
- 53
- 122
325
..
..
..
12
15
..
..
744
892
..
..
- 764
-9
..
..
..
- 755
17
-
2010
-5 658
2
2
..
..
624
2
- 12
6
..
- 479
- 90
1
..
23
2
..
- 44
- 44
..
6 328
20
288
193
236
- 44
1
- 36
- 61
- 46
- 15
6 184
6 218
- 21
- 13
- 182
- 24
0
- 19
13
- 152
- 30
-5
-4
- 39
-4
-
Source : UNCTAD FDI/TNC database, based on data from the Bank of Portugal.
_____________________________________________________________________________________________________
2011
9 092
10
- 20
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
9 030
380
- 852
189
..
..
..
..
4
..
..
9 270
319
..
..
- 21
25
..
..
..
- 46
72
-
Portugal
_____________________________________________________________________________________________________
10
Table 9. FDI flows abroad, by geographical destination, 2000–2011
(Millions of euros)
Region / economy
Total world
Developed countries
Europe
European Union
Austria
Belgium
Czech Republic
Denmark
France
Germany
Greece
Hungary
Ireland
Italy
Luxembourg
Netherlands
Poland
Romania
Spain
United Kingdom
Other developed Europe
Switzerland
North America
Canada
United States
Other developed countries
Australia
Bermuda
Developing economies
Africa
Egypt
Morocco
Tunisia
Angola
Botswana
Mozambique
South Africa
Latin America and the Caribbean
South and Central America
South America
Argentina
Brazil
Venezuela, Bolivarian Rep. of
Central America
Guatemala
Mexico
Panama
Caribbean
Bahamas
British Virgin Islands
Cayman Islands
Asia
West Asia
Turkey
South, East and South-East Asia
China
India
Korea, Republic of
Macao, China
Oceania
South-East Europe and CIS
Ukraine
Unspecified
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
2 995
-1 527
-1 586
-1 620
- 216
216
52
-1
-3
100
8
23
-1 256
77
2
- 706
81
34
10
57
13
44
2
2
4 523
307
173
- 21
90
7
20
1
4 163
1 522
1 520
8
1 501
3
2
1
2 640
-2
1
2 642
53
53
-2
52
-
8 827
4 014
3 832
3 787
7
22
43
- 400
83
165
74
1 575
64
6
1 817
318
45
8
182
182
1
4 812
940
504
12
230
111
-6
73
-1
3 845
2 962
2 935
3
2 926
27
17
11
-1
884
800
74
9
27
27
1
24
1
-1
6 997
5 475
5 409
5 459
249
3
1
14
8
25
-2
121
190
1 139
317
5
3 116
271
- 50
9
65
3
62
2
1
1
1 523
156
42
6
51
2
50
- 13
1 162
1 169
1 164
40
1 122
1
6
5
-7
44
-8
- 44
205
1
204
-1
50
..
..
-1
- 158
2 888
2 704
2 680
2
3
3
1
-3
- 44
28
- 119
- 240
21
4 266
- 85
1
-1 104
- 51
25
21
181
8
173
3
1
2
-3 048
- 646
- 485
20
- 148
- 19
2
- 26
3
-2 433
-2 373
-2 342
-6
-2 325
-3
- 32
-3
- 33
4
- 60
- 451
73
390
32
22
9
1
..
2
5 833
5 689
1 805
1 785
2
10
112
2 207
- 87
- 132
- 13
40
34
22
- 114
-4
-6
- 352
65
20
9
14
1
12
3 870
3 870
4 014
-3
- 17
2
26
- 35
5
4
3 948
- 17
- 19
- 22
2
2
3
-1
3 965
2
8
134
69
69
29
14
..
0
-3 871
6 002
5 352
5 125
4 969
26
2 222
131
- 23
- 13
3
- 35
- 82
7
804
23
4
1 783
116
157
20
190
1
189
36
37
687
89
4
-2
70
-5
2
51
564
322
297
5
292
1
25
1
5
18
242
6
6
7
34
1
33
1
3
4
..
1
0
- 38
1 697
1 860
1 485
1 410
14
- 65
- 148
59
16
376
12
690
24
67
43
107
4
175
33
75
14
373
279
94
2
- 160
200
11
155
10
11
- 190
- 442
- 438
-4
- 438
-1
-4
-4
252
..
..
..
- 171
80
74
- 185
2
- 42
..
13
12
- 15
5 691
3 786
3 829
3 724
- 244
27
3
- 117
- 53
97
15
8
31
25
129
2 497
376
14
726
190
104
20
- 46
- 204
158
3
4
1 904
247
50
196
9
11
1 604
28
27
4
13
5
1
1
1 576
..
..
..
54
33
32
60
2
1
58
..
33
34
- 32
4 013
3 118
2 831
2 481
- 27
-1
13
-1 340
31
67
- 719
60
102
-1
175
2 789
192
130
546
434
350
36
278
- 23
301
8
7
1 135
- 782
9
- 768
81
20
1 603
352
350
-1
339
2
2
2
1 252
..
..
..
314
313
280
- 22
4
5
- 31
..
4
2
- 243
1 872
1 400
1 410
1 626
8
- 13
- 141
274
191
2
103
- 25
84
94
847
122
-1
- 93
167
- 216
- 26
- 12
- 20
9
2
2
299
- 603
6
- 659
45
55
1 016
315
275
2
268
1
39
39
701
..
..
..
- 114
- 164
- 166
56
1
1
54
..
172
588
2 263
1 976
2 015
-2
1
2
528
- 47
333
-2
19
179
12
- 72
917
32
63
152
- 61
- 39
8
286
29
257
1
1
-1 734
- 812
- 402
- 369
45
16
- 870
444
407
1
442
- 33
37
37
-1 314
..
..
..
- 52
- 46
- 44
- 12
-3
6
- 15
..
3
3
56
-5 658
5 568
5 705
5 743
2
21
7
9
33
45
-2
89
- 256
83
1 014
-7 484
299
37
123
213
- 38
- 24
- 131
7
- 138
-6
-6
92
- 113
17
-4
157
62
29
162
165
99
-5
99
7
66
91
- 25
-1
-3
214
-3
- 184
43
3
10
40
4
103
- 58
-2
1
-
Source : UNCTAD FDI/TNC database, based on data from the Bank of Portugal.
_____________________________________________________________________________________________________
9 092
9 575
9 463
9 446
1
14
9
3
12
28
2
6
129
19
- 34
8 850
77
12
222
96
16
16
109
- 34
143
4
4
- 342
- 515
-2
-9
- 325
- 86
12
182
182
199
4
339
- 144
- 17
- 17
..
..
..
..
-9
-5
-4
-4
1
7
- 12
..
-7
- 15
- 134
Portugal
_____________________________________________________________________________________________________
11
Table 11. FDI stocks in the host economy, by industry, 2000–2011
(Millions of euros)
Sector / industry
Total
Primary
Agriculture, hunting, forestry and fishing
Mining, quarrying and petroleum
Mining and quarrying
Secondary
Food, beverages and tobacco
Textiles, clothing and leather
Wood and wood products
Publishing and printing
Coke, petroleum products and nuclear fuel
Chemicals and chemical products
Rubber and plastic products
Non-metallic mineral products
Metal and metal products
Machinery and equipment
Electrical and electronic equipment
Office, accounting and computing machinery
Radio, television and communication apparatus
Precision instruments
Motor vehicles and other transport equipment
Motor vehicles, trailers and semi-trailers
Other manufacturing
Tertiary
Electricity, gas and water
Construction
Trade
Automotive trade and repair
Wholesale trade
Distributive trade
Hotels and restaurants
Transport, storage and communications
Transport and storage
Post and communications
Finance
Financial intermediation
Insurance and pension funding
Activities auxiliary to financial intermediation
Business activities
Real estate
Rental activities
Computer and related activities
Research and development
Other business activities
Public administration and defence
Education
Health and social services
Community, social and personal service activities
Recreational, cultural and sporting activities
Other services
Unspecified
Private buying and selling of property
2000
2001
2002
2003
2004
2005
34 437 40 875 42 564 47 969 49 167 53 691
287
263
252
264
298
366
136
128
124
125
..
..
152
135
128
131
..
..
152
135
128
131
..
..
5 944 5 091 5 125 5 362 5 837 6 065
1 050
818
862
856
..
..
260
195
160
143
..
..
576
624
690
877
..
..
..
..
0
..
..
941
934
968
843
..
..
190
206
143
136
..
..
..
..
174
176
212
230
..
..
316
279
288
289
..
..
677
385
287
2
..
..
0
-7
..
..
677
385
287
9
..
..
39
37
60
75
..
..
637
469
586
469
..
..
637
469
586
469
..
..
..
..
26 818 33 810 34 993 39 548 39 333 42 832
271
346
352
316
439
455
323
427
558
634
658
727
3 944 8 037 8 292 9 067 6 033 5 734
570
650
539
394
..
..
2 870 6 691 6 606 6 827
..
..
504
818 1 075 1 226
..
..
430
439
442
427
501
429
2 089 1 916 2 145 1 741 1 305 1 627
190
193
350
515
..
..
822
987
976 1 457
..
..
16 996 19 274 19 538 16 946 17 212 19 252
7 450 7 702 8 725 7 888
..
..
356
368
424
384
..
..
36
60
77
34
..
..
2 332 2 861 3 327 9 527 34 575 37 651
847
957
820 1 158 1 331 1 605
189
450
500
503
..
..
27
83
86
118
..
..
1
1
2
1
..
..
783 1 028 1 242 7 760 10 239 10 994
62
58
28
3
62
58
28
3
16
22
21
1
-1
16 3 699 4 429
1 387 1 712 2 194 2 778
-
2006
2007
2008
2009
2010
67 169
495
..
..
..
6 599
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
55 247
737
1 003
6 248
..
..
..
508
1 698
..
..
28 299
..
..
..
53 244
2 215
..
..
..
12 915
4 828
-
78 333
406
..
..
..
7 578
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
64 518
974
1 150
6 256
..
..
..
466
1 614
..
..
35 994
..
..
..
61 542
3 072
..
..
..
13 203
5 832
-
71 833
402
..
..
..
7 318
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
57 978
1 072
1 261
5 651
..
..
..
1 480
..
..
28 401
..
..
..
31 751
2 725
..
..
..
14 513
6 135
-
79 626
398
..
..
..
5 964
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
66 576
1 334
1 453
6 660
..
..
..
984
..
..
35 132
..
..
..
31 538
3 641
..
..
..
13 950
6 688
-
83 585
569
207
362
334
6 167
1 357
90
1 026
..
-4
1 169
330
..
224
130
139
8
52
-0
784
779
..
70 575
830
1 342
6 992
236
4 999
1 757
686
2 003
1 106
896
40 922
40 105
703
113
15 836
4 330
1 101
196
10
10 199
1 558
-2
243
164
32
6 277
-
Source : UNCTAD FDI/TNC database, based on data from the Bank of Portugal.
_____________________________________________________________________________________________________
Portugal
_____________________________________________________________________________________________________
12
Table 12. FDI stocks in the host economy, by geographical origin, 2000–2011
(Millions of euros)
Region / economy
Total world
Developed countries
Europe
European Union
Austria
Belgium
Cyprus
Czech Republic
Denmark
Finland
France
Germany
Hungary
Ireland
Italy
Luxembourg
Malta
Netherlands
Spain
Sweden
United Kingdom
Other developed Europe
Norway
Switzerland
North America
Canada
United States
Other developed countries
Australia
Japan
New Zealand
Developing economies
Africa
Angola
Cape Verde
South Africa
Latin America and the Caribbean
South and Central America
South America
Brazil
Uruguay
Venezuela, Bolivarian Rep. of
Central America
Belize
Panama
Caribbean
Bahamas
British Virgin Islands
Cayman Islands
Netherlands Antilles
Asia
West Asia
Kuwait
South, East and South-East Asia
China
Hong Kong, China
India
Korea, Republic of
Singapore
Oceania
South-East Europe and CIS
Russian Federation
Unspecified
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
26 787
23 329
22 238
21 000
293
3
695
59
3 160
2 599
336
614
28
5 338
3 243
410
2 435
1 238
83
744
876
21
855
214
238
-5
3 527
33
26
2
3 280
1 193
1 124
1 048
22
69
5
65
2 087
1 811
129
76
67
134
51
46
83
10
13
1
80
- 70
34 437
30 901
29 725
28 626
99
680
3
1
624
- 60
3 361
3 130
1
383
903
1 929
2
7 247
6 662
598
3 067
1 099
75
725
915
41
874
261
244
3 608
34
27
3
3 349
1 335
1 212
1 189
22
1
123
7
115
2 014
1 753
135
65
52
150
51
46
99
29
6
6
75
- 72
40 875
37 005
35 495
34 326
112
673
3
1
676
- 48
3 024
2 800
618
1 008
2 813
29
8 353
7 588
627
6 049
1 169
136
765
1 308
11
1 297
202
188
3 982
51
28
4
3 594
1 106
632
607
23
2
474
350
122
2 488
2 134
161
144
23
201
72
67
129
39
2
23
136
- 112
42 564
38 682
36 975
35 752
77
672
3
1
648
- 44
2 948
2 940
1
610
1 078
3 098
12
7 841
8 853
595
6 419
1 223
98
867
1 520
23
1 497
186
154
1
3 960
50
30
4
3 587
1 272
808
770
35
3
464
357
105
2 316
2 003
146
98
18
225
67
63
158
11
35
8
36
98
- 78
47 969
44 061
36 044
34 940
36
252
3
1
355
40
3 075
3 068
1
686
1 264
3 277
36
6 216
9 173
648
6 809
1 103
101
698
7 820
6 361
1 460
197
1
157
14
3 973
64
39
5
3 557
1 251
787
779
4
464
352
109
2 307
1 500
225
123
13
251
45
..
207
13
32
50
3
101
1
- 67
49 167
43 317
35 322
34 160
37
289
4
1
136
48
2 886
2 999
597
1 302
3 468
32
6 947
10 707
485
4 217
1 163
70
782
7 855
6 331
1 524
140
1
125
14
5 993
69
43
5
5 518
660
660
649
5
1
..
..
4 857
..
..
..
..
336
44
..
160
2
..
65
..
70
- 143
53 691
48 285
40 163
39 052
155
884
251
-2
142
45
3 650
3 233
501
1 597
3 546
32
7 437
12 264
502
4 811
1 111
66
732
7 987
6 743
1 244
135
134
1
5 485
91
42
5
5 108
671
667
650
5
3
..
..
4 437
..
..
..
..
286
48
..
101
..
16
..
- 79
67 169
61 193
50 618
49 445
180
759
413
1
167
46
4 753
3 148
646
2 705
3 809
160
11 828
14 577
166
6 081
1 174
85
785
10 501
9 072
1 429
74
72
1
6 026
104
50
5
5 785
705
705
690
6
1
..
..
5 080
..
..
..
..
137
44
..
16
..
36
..
3
3
- 53
78 333
72 091
61 354
60 290
194
824
582
4
324
52
5 234
4 034
4
1 147
5 789
4 310
251
14 368
16 382
- 40
6 829
1 064
66
708
10 757
9 577
1 180
- 20
- 129
108
2
5 766
119
50
-1
7
5 608
896
895
879
8
1
..
..
4 712
..
..
..
..
40
2
..
38
..
38
..
5
5
471
71 833
64 986
52 822
51 968
254
834
58
4
328
24
4 706
2 945
4
746
2 751
5 209
441
10 239
15 559
472
7 382
854
74
499
12 120
10 962
1 158
44
- 72
108
8
6 867
168
106
2
8
6 660
1 003
1 001
980
8
1
..
..
5 657
..
..
..
..
39
2
..
37
2
..
1
34
..
14
14
- 34
79 626
72 247
62 252
61 131
409
920
245
6
319
- 13
5 589
2 521
3
1 306
4 191
6 622
341
14 898
16 749
692
6 313
1 121
49
647
9 906
8 600
1 306
89
2
78
8
7 110
294
225
3
10
6 764
1 307
1 305
1 283
11
1
..
..
5 458
..
..
..
..
52
2
..
49
4
..
45
..
17
16
253
83 585
76 860
68 081
67 072
609
1 117
334
26
315
8
4 777
2 725
30
1 437
4 875
9 756
464
17 152
16 461
723
6 232
1 009
53
404
6 645
5 091
1 554
2 134
3
97
10
6 658
659
605
12
10
5 601
2 050
1 926
1 887
11
28
124
1
116
3 551
2 913
195
335
51
398
81
40
317
3
62
3
47
- 26
59
42
11
Source : UNCTAD FDI/TNC database, based on data from the Bank of Portugal.
_____________________________________________________________________________________________________
Portugal
_____________________________________________________________________________________________________
13
Table 14. FDI stocks abroad, by industry, 2000–2011
(Millions of euros)
Sector / industry
Total
Primary
Agriculture, hunting, forestry and fishing
Mining, quarrying and petroleum
Mining and quarrying
Petroleum
Secondary
Food, beverages and tobacco
Textiles, clothing and leather
Wood and wood products
Publishing and printing
Coke, petroleum products and nuclear fuel
Chemicals and chemical products
Rubber and plastic products
Non-metallic mineral products
Metal and metal products
Machinery and equipment
Electrical and electronic equipment
Office, accounting and computing machinery
Radio, television and communication apparatus
Precision instruments
Motor vehicles and other transport equipment
Motor vehicles, trailers and semi-trailers
Other manufacturing
Tertiary
Electricity, gas and water
Construction
Trade
Automotive trade and repair
Wholesale trade
Distributive trade
Hotels and restaurants
Transport, storage and communications
Transport and storage
Post and communications
Finance
Financial intermediation
Insurance and pension funding
Activities auxiliary to financial intermediation
Business activities
Real estate
Rental activities
Computer and related activities
Research and development
Other business activities
Public administration and defence
Education
Health and social services
Community, social and personal service activities
Recreational, cultural and sporting activities
Other services
Unspecified
Private buying and selling of property
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
21 271
5
..
..
..
..
843
131
16
742
114
105
35
5
6
6
27 630
126
143
391
137
527
251
18
63
216
488
16 435
5 231
868
1 510
11 673
8
63
1
2 716
5
5
-1 225
-7 406
199
25 264
7
..
..
..
..
1 289
192
17
952
44
133
142
44
8
6
6
30 050
126
150
3 773
226
3 939
419
27
78
143
573
16 368
5 882
277
1 553
10 489
13
38
253
2 955
3
3
- 963
-6 335
252
20 335
23
..
..
..
..
1 114
109
20
577
114
102
24
10
1
3
3
24 542
144
5
628
239
652
193
16
55
141
332
15 490
6 416
225
1 676
7 903
15
13
113
2
2 312
3
3
298
-5 622
277
27 271
19
..
..
..
..
1 306
102
19
626
101
97
25
9
1
1
2
3
3
31 844
153
69
832
283
559
159
25
57
150
236
15 153
6 543
266
1 650
15 240
29
- 16
127
1
9 120
3
3
312
-6 216
319
32 259
17
..
..
..
..
1 109
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
54 902
112
67
613
..
..
..
29
29
..
..
16 957
..
..
..
37 094
63
..
..
..
12 382
-23 768
-
35 573
18
..
..
..
..
1 600
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
58 609
105
7
1 380
..
..
..
48
24
..
..
18 343
..
..
..
38 703
77
..
..
..
12 956
-24 654
-
40 990
9
..
..
..
..
1 707
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
64 435
94
832
1 664
..
..
..
84
31
..
..
20 484
..
..
..
41 246
58
..
..
..
12 099
-25 161
-
45 994
11
..
..
..
..
1 745
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
73 421
247
1 007
1 848
..
..
..
102
136
..
..
24 378
..
..
..
45 703
551
..
..
..
12 403
-29 182
-
45 272
10
..
..
..
..
1 373
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
54 530
3 282
1 482
1 262
..
..
..
125
..
..
23 629
..
..
..
24 750
493
..
..
..
12 129
-10 641
-
47 530
9
..
..
..
..
2 093
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
56 642
2 706
1 394
2 717
..
..
..
92
..
..
24 833
..
..
..
24 900
202
..
..
..
12 349
-11 215
-
49 942
5
4
1
..
..
2 581
99
60
111
..
1 237
191
27
..
157
8
1
..
..
..
230
230
..
46 474
3 568
947
2 946
180
2 231
535
210
- 86
- 120
35
27 348
27 307
37
3
11 205
203
-1
49
- 10
10 964
242
8
22
105
24
- 42
882
-
Source : UNCTAD FDI/TNC database, based on data from the Bank of Portugal.
_____________________________________________________________________________________________________
Portugal
_____________________________________________________________________________________________________
14
Table 15. FDI stocks abroad, by geographical destination, 2000–2011
(Millions of euros)
Region / economy
Total world
Developed countries
Europe
European Union
Austria
Denmark
France
Germany
Hungary
Ireland
Italy
Luxembourg
Malta
Netherlands
Poland
Romania
Spain
United Kingdom
Other developed Europe
Switzerland
North America
Canada
United States
Other developed countries
Australia
Japan
Developing economies
Africa
Morocco
Angola
Cape Verde
Mozambique
South Africa
Latin America and the Caribbean
South and Central America
South America
Argentina
Brazil
Venezuela, Bolivarian Rep.
Central America
Mexico
Caribbean
British Virgin Islands
Cayman Islands
Asia
West Asia
Turkey
South, East and South-East Asia
China
India
Korea, Republic of
Macao, China
Taiwan Province of China
South-East Europe and CIS
CIS
Russian Federation
Ukraine
Unspecified
1999
2000
11 440 21 271
4 082
7 944
3 932
7 680
3 802
7 491
2
2
510
518
233
278
14
14
725
810
24
311
215
313
- 695
1 002
204
227
2
6
2 166
3 318
395
598
130
188
19
16
139
257
37
27
102
230
12
8
11
7
7 359 13 328
1 222
1 979
262
214
164
224
91
141
450
453
28
19
5 854 11 049
5 391
9 465
5 238
9 286
48
72
5 145
9 163
4
4
154
179
85
87
463
1 584
18
104
444
655
283
300
1
1
282
299
14
16
1
263
277
-1
-1
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
25 264
13 192
12 839
12 723
251
2
516
312
13
896
486
313
2 316
521
9
6 026
943
116
27
344
31
313
9
7
12 071
1 951
173
225
150
458
18
9 583
7 848
7 667
96
7 518
4
181
88
1 735
95
765
537
1
536
17
1
319
194
1
20 335
15 053
14 620
14 464
252
4
501
283
5
852
189
320
6 888
402
8
4 195
387
156
34
413
31
382
20
15
5 392
1 046
139
204
105
396
18
3 855
2 121
1 961
35
1 894
1
71
1
1 735
162
1 115
491
40
451
26
1
275
137
2
2
2
- 113
27 271
21 544
17 304
17 154
256
2 513
416
182
11
857
153
290
6 984
259
3
4 541
400
150
35
418
35
383
3 822
11
9 550
1 017
122
232
109
341
24
8 052
2 423
2 351
42
2 279
2
72
2
5 629
155
1 104
482
33
449
22
1
31
257
126
2
2
2
-3 825
32 259
22 353
21 957
21 650
255
4 925
443
171
22
818
123
318
1
7 712
381
6
5 703
480
307
34
386
35
350
10
10
9 924
995
111
219
67
349
100
8 475
2 398
2 396
33
2 343
3
2
2
6 076
..
..
454
17
418
20
1
34
..
..
3
3
2
1
- 21
35 573
24 626
24 043
23 726
268
4 670
483
217
83
1 493
145
366
1
8 252
630
11
6 176
352
317
36
571
113
458
13
10
3
10 980
1 245
123
365
83
329
193
9 377
2 138
2 135
37
2 077
3
2
2
7 239
..
..
358
111
79
41
29
1
11
..
..
7
7
3
4
- 41
40 990
28 606
27 624
27 263
24
4 537
455
318
40
1 510
197
507
1
10 382
1 283
40
6 793
570
361
36
965
85
880
17
14
3
12 409
1 374
144
538
84
324
122
10 709
1 913
1 910
13
1 859
7
2
2
8 797
..
..
325
138
114
37
29
1
7
..
..
8
8
2
6
- 33
45 994
31 718
30 415
29 779
- 51
3 497
476
476
101
1 397
153
785
30
12 052
2 012
151
7 617
1 018
636
65
1 280
69
1 211
23
20
3
14 454
1 638
118
664
89
434
147
12 313
2 187
2 187
11
2 104
9
10 126
..
..
503
467
410
36
3
6
27
..
..
29
29
3
26
- 207
45 272
28 466
27 765
27 555
11
2 394
303
1 070
430
919
338
1 232
130
11 836
729
58
7 227
809
211
37
676
42
634
25
21
4
16 497
3 709
176
2 116
140
770
93
12 532
1 216
1 216
14
1 133
9
11 316
..
..
255
241
198
14
3
11
..
..
4
4
3
1
306
47 530
31 962
30 948
30 569
12
3 937
460
710
248
1 172
966
1 307
- 44
12 253
847
416
7 365
823
379
46
985
74
911
29
25
4
15 581
2 685
32
1 702
119
505
102
12 642
2 931
2 878
13
2 725
94
53
53
9 711
..
..
254
214
179
40
13
14
13
..
..
41
41
3
38
- 55
49 942
35 145
29 975
29 813
13
2 799
404
758
294
1 088
984
1 944
203
11 705
1 622
384
6 433
1 072
162
47
1 180
71
1 109
3 989
27
4
14 706
3 643
31
2 590
227
431
115
10 484
3 971
3 888
26
3 842
- 18
83
76
6 512
624
3 103
579
109
86
470
24
15
387
1
79
79
3
45
12
Source : UNCTAD FDI/TNC database, based on data from the Bank of Portugal.
_____________________________________________________________________________________________________
Portugal
_____________________________________________________________________________________________________
15
Table 22. Number of affilitates of foreign TNCs in the host economy, by industry, 1999–2009
(Thousands of employees)
Sector / industry
Total
Primary
Agriculture, hunting, forestry and fishing
Forestry and fishing
Mining, quarrying and petroleum
Secondary
Food, beverages and tobacco
Textiles, clothing and leather
Publishing and printing
Coke, petroleum products and nuclear fuel
Chemicals and chemical products
Rubber and plastic products
Non-metallic mineral products
Metal and metal products
Machinery and equipment
Electrical and electronic equipment
Precision instruments
Motor vehicles and other transport equipment
Other manufacturing
Tertiary
Electricity, gas and water
Construction
Trade
Hotels and restaurants
Transport, storage and communications
Transport and storage
Post and communications
Finance
Business activities
Real estate
Public administration and defence
Education
Health and social services
Community, social and personal service activities
Recreational, cultural and sporting activities
Other services
Unspecified
1999
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2000
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2001
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2002
2003
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2004
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2005
3 901
22
5
5
17
685
..
..
..
..
..
..
..
..
..
..
..
..
..
3 194
28
121
1 221
68
205
1 483
4
17
47
-
2006
4 825
24
6
6
18
734
..
..
..
..
..
..
..
..
..
..
..
..
..
4 067
34
161
1 521
89
244
1 949
4
18
47
-
2007
5 075
27
7
7
20
790
..
..
..
..
..
..
..
..
..
..
..
..
..
4 258
56
180
1 551
127
230
2 043
5
17
49
-
2008
5 117
31
5
5
26
779
..
..
..
..
..
..
..
..
..
..
..
..
..
4 307
81
270
1 630
136
399
192
207
1 424
505
301
11
30
13
13
12
-
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
2009
5 069
31
4
4
27
774
..
..
..
..
..
..
..
..
..
..
..
..
..
4 264
96
278
1 648
143
402
199
203
1 344
528
272
13
38
21
21
9
-
Portugal
_____________________________________________________________________________________________________
16
Table 32. Employment of foreign affilitates of home-based TNCs, by industry in the foreign economy, 1998–2009
(Thousands of employees)
Sector / industry
Total
Primary
Agriculture, hunting, forestry and fishing
Mining, quarrying and petroleum
Secondary
Food, beverages and tobacco
Textiles, clothing and leather
Publishing and printing
Coke, petroleum products and nuclear fuel
Chemicals and chemical products
Rubber and plastic products
Non-metallic mineral products
Metal and metal products
Machinery and equipment
Electrical and electronic equipment
Precision instruments
Motor vehicles and other transport equipment
Other manufacturing
Tertiary
Electricity, gas and water
Construction
Trade
Automotive trade and repair
Wholesale trade
Distributive trade
Hotels and restaurants
Transport, storage and communications
Transport and storage
Post and communications
Finance
Financial intermediation
Insurance and pension funding
Activities auxiliary to financial intermediation
Business activities
Real estate
Rental activities
Computer and related activities
Research and development
Other business activities
Public administration and defence
Education
Health and social services
Community, social and personal service activities
Recreational, cultural and sporting activities
Other services
Unspecified
1998
42.9
0.7
0.6
0.1
10.9
..
..
..
..
..
..
..
..
..
..
..
..
..
31.2
2.6
13.8
0.4
9.4
4.0
0.2
0.6
0.1
0.2
10.5
10.1
0.1
0.3
0.8
0.6
0.1
2.8
-
1999
64.1
0.7
0.6
0.1
12.8
..
..
..
..
..
..
..
..
..
..
..
..
..
50.6
5.2
30.2
0.4
24.7
5.0
0.1
0.6
0.1
0.5
10.1
9.4
0.3
0.4
1.0
0.7
0.1
0.2
3.4
-
2000
52.4
0.6
0.1
0.5
5.3
..
..
..
..
..
..
..
..
..
..
..
..
..
46.3
4.6
9.8
0.4
1.8
7.7
0.8
1.1
0.1
1.0
5.6
3.3
0.3
24.3
0.7
0.1
23.5
0.2
2001
2002
56.9
0.7
0.1
0.5
6.0
..
..
..
..
..
..
..
..
..
..
..
..
..
50.1
4.3
12.8
0.3
3.6
8.9
1.2
0.3
0.2
0.2
6.6
3.7
0.2
2.6
24.9
0.6
0.5
0.4
23.4
0.1
23.6
0.1
0.1
4.4
..
..
..
..
..
..
..
..
..
..
..
..
..
19.0
3.3
6.5
0.3
3.2
3.0
0.6
0.5
0.1
0.3
7.1
4.3
0.2
2.6
1.0
0.2
0.7
0.1
0.2
2003
24.9
0.1
0.1
4.0
..
..
..
..
..
..
..
..
..
..
..
..
..
20.7
3.5
7.9
0.3
3.1
4.6
0.7
0.5
0.1
0.4
6.7
4.0
0.2
2.5
0.9
0.2
0.7
0.4
0.1
2004
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2005
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2006
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2007
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2008
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
2009
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Portugal
_____________________________________________________________________________________________________
17
Table 33. Employment of foreign affilitates of home-based TNCs, by geographical location abroad, 1998–2009
(Thousands of employees)
Region / economy
Total world
Developed countries
Europe
European Union
France
Poland
Spain
United Kingdom
North America
United States
Developing economies
Africa
Morocco
South Africa
Latin America and the Caribbean
South and Central America
South America
Argentina
Brazil
Asia
West Asia
South, East and South-East Asia
Taiwan Province of China
Oceania
South-East Europe and CIS
Unspecified
1998
42.9
7.7
7.6
7.5
0.9
0.1
5.5
0.5
0.1
0.1
35.1
14.0
0.3
0.0
20.0
20.0
20.0
0.5
19.5
1.0
1.0
..
-
1999
64.1
8.9
8.7
8.6
0.9
0.1
6.2
0.5
0.2
0.2
55.2
16.5
0.3
0.0
37.9
37.9
37.9
0.5
36.2
0.8
0.8
..
-
2000
52.4
5.9
5.5
5.5
0.8
0.0
3.9
0.3
0.3
0.2
46.6
10.6
0.3
35.2
35.2
35.2
0.4
33.6
0.8
0.8
..
-
2001
56.9
7.5
7.1
7.1
1.3
0.0
4.5
0.8
0.3
0.2
49.4
10.7
0.5
35.9
35.9
35.9
0.3
34.4
2.8
2.8
2.0
-
2002
23.6
8.3
7.7
7.6
1.9
1.0
3.9
0.3
0.5
0.4
14.7
9.3
0.1
0.5
2.4
2.4
2.4
0.0
2.3
3.0
3.0
2.0
0.6
2003
24.9
8.8
8.2
8.1
2.1
1.0
4.2
0.2
0.5
0.4
15.7
8.9
0.2
0.5
2.1
2.1
2.1
0.1
2.0
4.7
4.7
3.6
0.4
2004
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2005
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2006
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2007
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2008
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
2009
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Portugal
_____________________________________________________________________________________________________
18
Table 34. Employment of affilitates of foreign TNCs in the host economy, by industry, 1999–2009
(Thousands of employees)
Sector / industry
Total
Primary
Agriculture, hunting, forestry and fishing
Mining, quarrying and petroleum
Secondary
Food, beverages and tobacco
Textiles, clothing and leather
Wood and wood products
Paper and paper products
Publishing and printing
Coke, petroleum products and nuclear fuel
Chemicals and chemical products
Rubber and plastic products
Non-metallic mineral products
Metal and metal products
Basic metals
Fabricated metal products
Machinery and equipment
Electrical and electronic equipment
Electrical machinery and apparatus
Radio, television and communication apparatus
Precision instruments
Motor vehicles and other transport equipment
Motor vehicles, trailers and semi-trailers
Other transport equipment
Other manufacturing
Tertiary
Electricity, gas and water
Construction
Trade
Automotive trade and repair
Wholesale trade
Distributive trade
Hotels and restaurants
Transport, storage and communications
Transport and storage
Post and communications
Finance
Financial intermediation
Insurance and pension funding
Business activities
Real estate
Computer and related activities
Other business activities
Public administration and defence
Education
Health and social services
Community, social and personal service activities
Recreational, cultural and sporting activities
Other services
Unspecified
1999
151.9
0.6
0.3
0.4
84.6
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
66.7
0.2
3.0
23.6
2.1
13.9
7.5
8.2
4.0
0.9
1.7
7.1
3.7
3.3
20.0
0.5
0.8
18.2
0.8
-
2000
160.3
0.5
0.1
0.4
89.8
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
70.0
0.2
3.0
26.0
1.9
14.2
9.8
8.6
3.9
0.9
2.0
9.1
5.9
3.1
18.5
0.5
1.1
16.5
0.8
-
2001
152.2
0.4
0.2
0.3
81.8
6.0
10.3
1.8
..
..
..
3.9
2.8
..
..
0.9
..
5.6
30.8
18.8
12.0
1.4
..
4.7
..
70.1
0.1
2.9
28.0
1.7
14.3
12.0
8.8
4.8
1.7
2.4
9.3
5.8
3.4
14.9
0.2
1.5
12.7
1.2
-
2002
150.4
0.4
0.1
0.3
76.9
5.5
10.0
1.9
..
..
..
..
..
3.2
..
..
..
5.6
28.1
17.4
10.8
1.4
..
..
73.0
0.1
2.9
29.9
1.7
14.5
13.7
8.1
4.8
1.6
2.4
10.0
6.6
3.3
15.9
0.2
1.4
13.7
1.4
-
2003
202.4
0.5
0.5
108.4
11.1
19.6
3.7
2.7
..
..
5.3
4.6
4.0
4.8
1.8
3.0
7.9
7.2
..
7.2
2.2
11.1
10.2
0.9
7.1
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
93.6
2004
261.9
105.2
10.1
..
4.8
3.1
..
..
..
5.4
5.0
4.6
1.6
3.0
7.0
16.5
16.5
..
2.1
12.9
12.4
0.5
7.2
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
156.7
2005
260.6
1.6
0.1
1.5
111.1
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
147.9
0.5
6.7
59.1
13.1
15.3
51.2
0.1
0.4
1.4
- 0.1
2006
277.1
1.7
0.1
1.6
108.2
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
167.2
0.5
7.7
66.3
13.9
16.2
59.8
0.2
0.4
2.3
-
2007
292.7
1.7
0.1
1.6
110.3
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
180.8
0.7
9.7
70.3
14.1
17.6
65.2
0.2
0.4
2.5
- 0.1
2008
307.4
1.8
0.1
1.7
107.5
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
198.1
2.5
13.8
70.2
13.9
25.6
13.9
11.7
10.7
1.7
58.5
0.4
0.7
0.7
0.7
1.1
0.1
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
2009
298.5
1.8
0.1
1.7
99.1
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
197.8
2.8
14.7
70.1
13.7
25.6
13.1
12.5
10.4
1.8
57.6
0.5
1.2
0.8
0.8
0.5
- 0.1
Portugal
_____________________________________________________________________________________________________
19
Table 35. Employment of affilitates of foreign TNCs in the host economy, by geographical origin, 1998–2009
(Thousands of employees)
Region / economy
Total world
Developed countries
Europe
European Union
Belgium
Denmark
Finland
France
Germany
Ireland
Italy
Luxembourg
Netherlands
Spain
Sweden
United Kingdom
Other developed Europe
Norway
Switzerland
North America
United States
Other developed countries
Japan
Developing economies
Latin America and the Caribbean
South and Central America
South America
Brazil
Uruguay
Caribbean
Asia
West Asia
South, East and South-East Asia
Hong Kong, China
Korea, Republic of
Oceania
South-East Europe and CIS
Unspecified
1998
139.2
134.2
117.7
107.4
6.1
1.0
18.6
27.4
0.8
2.0
10.1
16.8
7.5
6.8
10.3
0.5
9.2
8.7
8.4
7.8
7.8
3.4
2.7
1.2
1.2
1.2
0.0
1.5
0.7
0.3
0.4
0.3
0.1
1.6
1999
151.9
144.5
129.6
120.0
5.8
1.0
17.2
32.1
0.2
2.4
14.9
22.6
8.1
5.2
9.6
0.8
8.5
7.4
7.2
7.5
7.5
4.8
3.0
1.4
1.4
0.9
0.4
1.8
0.3
1.4
0.5
0.9
2.7
2000
160.3
153.1
137.4
126.5
0.3
0.0
1.1
1.5
0.0
0.2
1.0
1.2
0.1
0.4
10.9
0.6
10.0
7.4
7.4
8.2
8.0
5.3
3.2
1.4
1.4
1.0
0.4
2.1
0.3
1.8
0.7
1.0
1.9
2001
152.2
147.5
126.9
117.9
1.7
3.1
0.8
16.7
25.5
0.3
2.6
8.2
18.5
27.8
8.4
3.8
8.9
0.2
8.4
13.6
13.6
7.1
7.1
3.7
2.1
1.4
1.4
1.0
0.5
1.5
0.4
1.1
0.7
0.2
1.0
2002
150.4
145.8
126.5
118.3
2.0
2.9
0.7
16.5
25.2
0.3
2.5
8.3
16.1
30.5
8.7
4.2
8.2
0.2
7.7
12.6
12.6
6.7
6.7
10.3
2.2
1.5
1.5
1.1
0.4
0.7
8.1
0.4
7.7
0.7
0.2
-6
2003
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2004
261.9
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
261.9
2005
258.6
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
258.6
2006
274.1
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
274.1
2007
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2008
2009
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Portugal
_____________________________________________________________________________________________________
20
Table 42. Sales of foreign affilitates of home-based TNCs, by industry in the foreign economy, 1998–2009
(Millions of euros)
Sector / industry
Total
Primary
Agriculture, hunting, forestry and fishing
Mining, quarrying and petroleum
Secondary
Food, beverages and tobacco
Textiles, clothing and leather
Publishing and printing
Coke, petroleum products and nuclear fuel
Chemicals and chemical products
Rubber and plastic products
Non-metallic mineral products
Metal and metal products
Machinery and equipment
Electrical and electronic equipment
Precision instruments
Motor vehicles and other transport equipment
Other manufacturing
Tertiary
Electricity, gas and water
Construction
Trade
Automotive trade and repair
Wholesale trade
Distributive trade
Hotels and restaurants
Transport, storage and communications
Transport and storage
Post and communications
Finance
Financial intermediation
Insurance and pension funding
Activities auxiliary to financial intermediation
Business activities
Real estate
Rental activities
Computer and related activities
Research and development
Other business activities
Public administration and defence
Education
Health and social services
Community, social and personal service activities
Recreational, cultural and sporting activities
Other services
Unspecified
1998
6 770
18
4
14
770
..
..
..
..
..
..
..
..
..
..
..
..
..
5 982
1
103
2 376
72
1 897
407
2
66
37
5
3 269
2 867
85
318
124
99
2
22
41
-
1999
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
8 460 12 441 12 783 10 894 10 561
17
76
84
29
31
5
1
3
3
12
75
81
26
30
867 1 059 1 286
639
732
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
7 577 11 277 11 396 10 165 9 731
1
13
5
46
173
213
188
206
187
4 034 5 206 5 175 4 840 4 612
68 2 762 3 172 3 174 2 820
3 624 1 982 1 534 1 267 1 386
342
462
469
398
407
4
12
32
27
27
46
54
37
151
174
40
30
33
40
38
6
25
4
111
136
3 101 5 300 5 473 4 664 4 428
2 634 3 409 3 961 3 022 3 133
108
154
274
337
300
358
- 1 238 1 304
995
180
450
450
229
233
123
147
185
10
15
15
6
11
20
21
17
1
1
51
292
231
197
200
38
28
4
1
1
1
1
4
1
1
32
49
24
29
18
61
67
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Portugal
_____________________________________________________________________________________________________
21
Table 43. Sales of foreign affilitates of home-based TNCs, by geographical location abroad, 1998–2009
(Millions of euros)
Region / economy
Total world
Developed countries
Europe
European Union
Cyprus
Czech Republic
Denmark
France
Germany
Greece
Hungary
Ireland
Italy
Luxembourg
Netherlands
Poland
Spain
Sweden
United Kingdom
Other developed Europe
Norway
Switzerland
North America
Canada
United States
Other developed countries
Australia
Developing economies
Africa
Morocco
South Africa
Latin America and the Caribbean
South and Central America
South America
Argentina
Brazil
Chile
Colombia
Uruguay
Venezuela, Bolivarian
Republic of
Central America
Mexico
Caribbean
Asia
West Asia
South, East and South-East Asia
China
Hong Kong, China
Taiwan Province of China
Oceania
South-East Europe and CIS
Unspecified
1998
6 770
3 504
3 249
2 854
4
407
22
15
58
102
48
1
1 461
2
663
396
6
9
244
10
234
11
11
3 246
327
38
3
2 743
2 270
2 270
19
2 251
176
176
..
..
..
20
1999
8 460
4 792
4 508
3 165
5
503
15
13
65
124
43
1
1 675
1
650
1 343
6
15
268
11
257
16
15
3 643
358
41
3
3 167
2 665
2 665
21
2 591
8
1
-
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
12 441
8 956
8 514
7 477
10
668
5
15
2 264
373
112
1
2 506
1 468
1 036
29
431
10
421
12
12
3 450
526
49
2 693
998
998
37
902
14
-
12 783
8 516
8 165
7 955
4
10
912
19
1
10
2 716
330
51
117
2 629
1 095
210
52
336
9
327
15
15
4 229
687
66
3 084
3 084
1 141
32
1 049
16
4
10 894
7 646
7 292
7 239
15
7
971
63
1
12
2 661
176
99
79
74
2 249
813
53
11
43
328
9
320
26
25
3 207
597
12
54
2 094
2 094
263
5
237
16
3
10 561
7 326
7 025
7 001
29
9
897
57
1
12
2 068
177
89
138
78
2 603
836
24
10
14
275
9
266
26
25
3 200
543
9
48
2 229
2 229
338
169
155
12
3
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
1
1
- 1 943 1 831 1 891
..
..
..
- 1 695
118
231
458
516
427
118
231
458
516
427
..
1
..
..
..
..
..
..
..
..
..
..
294
324
329
26
34
38
41
35
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
Portugal
_____________________________________________________________________________________________________
22
Table 44. Sales of affilitates of foreign TNCs in the host economy, by industry, 1999–2009
(Millions of euros)
Sector / industry
1999
Total
30 605
Primary
27
Agriculture, hunting, forestry and fishing
14
Forestry and fishing
Mining, quarrying and petroleum
13
Secondary
10 364
Food, beverages and tobacco
..
Textiles, clothing and leather
..
Publishing and printing
..
Coke, petroleum products and nuclear fuel
..
Chemicals and chemical products
..
Rubber and plastic products
..
Non-metallic mineral products
..
Metal and metal products
..
Machinery and equipment
..
Electrical and electronic equipment
..
Precision instruments
..
Motor vehicles and other transport equipment
..
Other manufacturing
..
Tertiary
20 214
Electricity, gas and water
11
Construction
565
Trade
13 987
Automotive trade and repair
4 026
Wholesale trade
8 548
Distributive trade
1 413
Hotels and restaurants
301
Transport, storage and communications
1 190
Transport and storage
72
Post and communications
895
Finance
3 171
Financial intermediation
1 966
Insurance and pension funding
1 147
Activities auxiliary to financial intermediation
58
Business activities
940
Real estate
118
Computer and related activities
122
Other business activities
582
Public administration and defence
Education
Health and social services
Community, social and personal service activities
49
Recreational, cultural and sporting activities
Other services
Unspecified
-
2000
2001
2002
34 260
29
10
18
11 822
..
..
..
..
..
..
..
..
..
..
..
..
..
22 409
14
557
15 316
3 690
9 855
1 771
341
1 297
88
945
3 857
2 582
1 227
49
968
102
153
569
58
-
34 929
19
10
9
11 024
..
..
..
..
..
..
..
..
..
..
..
..
..
23 886
314
656
14 758
3 080
9 536
2 142
319
1 455
180
1 115
4 916
3 378
1 538
88
1 372
202
278
692
96
-
36 673
28
9
19
11 247
..
..
..
..
..
..
..
..
..
..
..
..
..
25 397
335
734
16 389
2 872
10 991
2 526
325
1 579
184
1 206
4 534
3 073
1 390
72
1 399
238
239
707
103
-
2003
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2004
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2005
2006
2007
2008
2009
58 046
347
9
9
338
18 429
..
..
..
..
..
..
..
..
..
..
..
..
..
39 256
747
1 556
28 689
..
..
..
526
4 315
..
..
..
..
..
..
3 231
..
..
..
6
47
140
14
61 617
494
9
9
485
19 773
..
..
..
..
..
..
..
..
..
..
..
..
..
41 338
735
1 457
28 532
..
..
..
602
5 296
..
..
..
..
..
..
4 486
..
..
..
6
47
177
12
69 196
554
11
11
543
22 891
..
..
..
..
..
..
..
..
..
..
..
..
..
45 762
826
1 604
31 660
..
..
..
653
5 907
..
..
..
..
..
..
4 866
..
..
..
13
47
186
- 11
70 695
430
5
5
426
21 283
..
..
..
..
..
..
..
..
..
..
..
..
..
48 992
1 115
2 076
34 360
..
..
..
672
6 242
3 010
3 233
..
..
..
..
2 084
607
..
..
2 138
27
108
108
108
60
- 11
62 677
404
5
5
399
17 926
..
..
..
..
..
..
..
..
..
..
..
..
..
44 365
1 119
2 168
30 302
..
..
..
667
5 724
2 553
3 171
..
..
..
..
2 111
613
..
..
1 935
32
164
111
111
32
- 18
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
Portugal
_____________________________________________________________________________________________________
23
Table 45. Sales of affilitates of foreign TNCs in the host economy, by geographical origin, 1999–2009
(Millions of euros)
Region / economy
1999
2000
2001
2002
Total world
Developed countries
Europe
European Union
Belgium
Cyprus
Denmark
Finland
France
Germany
Greece
Ireland
Italy
Luxembourg
Malta
Netherlands
Spain
Sweden
United Kingdom
Other developed Europe
Iceland
Norway
Switzerland
North America
Canada
United States
Other developed countries
Israel
Japan
Developing economies
Africa
Latin America and the Caribbean
South and Central America
South America
Brazil
Uruguay
Caribbean
Asia
West Asia
South, East and South-East Asia
China
Hong Kong, China
Korea, Republic of
Malaysia
Oceania
South-East Europe and CIS
South-East Europe
CIS
Unspecified
30 605
29 648
25 948
24 994
639
159
4 971
4 818
11
19
697
6
3 457
4 319
337
2 986
954
4
43
891
3 035
60
2 975
664
664
874
4
666
494
494
461
33
204
22
182
21
159
2
83
34 260
32 954
29 178
28 070
477
33
372
1 959
2
3
122
923
625
228
307
1 108
4
32
1 053
2 945
7
2 938
831
4
827
1 213
23
869
680
680
630
50
320
26
294
52
240
3
93
34 929
34 314
30 841
29 736
315
597
50
4 819
5 271
122
917
1 848
8
5 097
8 121
428
2 131
1 105
4
22
1 053
2 805
7
2 798
668
668
525
24
399
303
303
248
55
96
102
28
74
45
27
3
90
36 673
36 042
32 805
31 679
334
556
43
4 879
5 622
1 061
824
1 875
7
5 329
8 358
429
2 341
1 126
3
20
1 077
2 564
7
2 557
673
673
531
2
395
295
295
240
55
100
134
27
106
15
55
33
3
100
2003
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2004
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2005
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2006
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2007
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2008
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2009
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
Portugal
_____________________________________________________________________________________________________
24
Table 47. Value added of foreign affilitates of home-based TNCs, by industry in the foreign economy, 1999–2009
(Millions of euros)
Sector / industry
1999
2000
2001
Total
1 192.3 1 206.5 1 366.4
Primary
11.5
33.4
37.3
Agriculture, hunting, forestry and fishing
0.5
- 0.5
Mining, quarrying and petroleum
11.0
33.4
37.8
Mining and quarrying
11.0
33.4
37.8
Secondary
240.5 357.3 402.6
Food, beverages and tobacco
..
..
..
Textiles, clothing and leather
..
..
..
Publishing and printing
..
..
..
Coke, petroleum products and nuclear fuel
..
..
..
Chemicals and chemical products
..
..
..
Rubber and plastic products
..
..
..
Non-metallic mineral products
..
..
..
Metal and metal products
..
..
..
Machinery and equipment
..
..
..
Electrical and electronic equipment
..
..
..
Precision instruments
..
..
..
Motor vehicles and other transport equipment
..
..
..
Other manufacturing
..
..
..
Tertiary
940.3 815.7 926.2
Electricity, gas and water
0.5
8.2
0.4
Construction
51.5
67.2
70.6
Trade
217.1 186.7 171.8
Automotive trade and repair
4.2
23.6
28.1
Wholesale trade
205.4
95.0
98.5
Distributive trade
7.5
68.1
45.2
Hotels and restaurants
3.9
7.8
4.3
Transport, storage and communications
7.1
11.9
3.0
Transport and storage
4.4
4.9
4.1
Post and communications
2.7
7.0
- 1.1
Finance
615.3 491.9 554.6
Financial intermediation
569.6 386.1 378.7
Insurance and pension funding
12.1 105.9
19.2
Activities auxiliary to financial intermediation
33.6
- 156.7
Business activities
34.9
37.9 114.8
Real estate
9.9
1.9
2.1
Rental activities
Computer and related activities
0.8
3.4
6.2
Research and development
Other business activities
24.2
32.5 106.5
Public administration and defence
Education
Health and social services
Community, social and personal service activities
10.1
4.3
1.7
Recreational, cultural and sporting activities
0.3
0.3
1.7
Other services
4.9
Unspecified
0.4
2002
924.4
26.2
0.3
25.9
25.9
134.9
..
..
..
..
..
..
..
..
..
..
..
..
..
762.7
- 0.6
82.2
134.9
14.6
103.8
16.6
4.5
15.9
4.0
11.9
495.5
324.1
14.7
156.6
12.5
1.5
- 0.3
11.4
0.1
- 0.3
0.4
0.4
17.5
0.5
2003
987.8
28.5
0.1
28.4
28.4
123.9
..
..
..
..
..
..
..
..
..
..
..
..
..
835.2
1.9
62.0
125.0
5.7
103.5
15.8
5.7
21.7
3.5
18.2
601.3
420.0
19.0
162.2
10.5
2.0
- 0.2
6.5
0.2
2.0
0.2
0.2
6.8
0.2
2004
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2005
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2006
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2007
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2008
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
2009
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Portugal
_____________________________________________________________________________________________________
25
Table 48. Value added of foreign affilitates of home-based TNCs, by geographical location abroad, 1999–2009
(Millions of euros)
Region / economy
Total world
Developed countries
Europe
European Union
Czech Republic
Denmark
France
Germany
Greece
Hungary
Ireland
Italy
Luxembourg
Netherlands
Poland
Spain
Sweden
United Kingdom
Other developed Europe
Norway
Switzerland
North America
Canada
United States
Other developed countries
Australia
Developing economies
Africa
Morocco
South Africa
Latin America and the Caribbean
South and Central America
South America
Argentina
Brazil
Uruguay
Central America
Caribbean
Asia
West Asia
South, East and South-East Asia
Taiwan Province of China
Oceania
South-East Europe and CIS
South-East Europe
CIS
Unspecified
1999
2000
2001
1 192.3
398.3
374.1
374.1
..
..
..
..
..
..
..
..
..
..
..
..
..
..
24.2
3.2
21.0
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
794.0
1 206.5
567.5
542.3
462.5
..
..
..
..
..
..
..
..
..
..
..
..
..
..
79.8
..
12.3
25.1
3.6
21.6
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
639.0
1 366.4
607.3
579.7
553.2
1.0
71.0
0.5
0.3
1.2
48.9
-0
47.6
15.4
302.3
49.9
26.5
..
15.9
27.6
3.1
24.5
743.9
312.2
27.6
355.0
355.0
227.3
8.8
194.6
0.6
127.7
76.7
76.7
45.1
15.3
2002
924.4
456.5
386.9
368.4
2.1
0.5
101.7
9.6
0.4
1.2
32.3
1.2
29.9
- 59
-2
188.5
-0
48.7
18.6
2.2
16.4
66.3
3.5
62.8
3.3
3.3
445.2
202.0
9.6
12.5
175.0
175.0
51.5
1.5
49.2
0.5
123.5
68.2
68.2
18.8
22.7
2003
987.8
521.0
458.5
445.4
2.6
0.2
105.2
6.3
0.7
1.1
36.5
1.7
34.8
- 27
-2
216.5
-0
67.1
13.2
2.3
10.9
59.6
4.3
55.3
2.9
2.9
458.7
190.9
2.4
7.1
216.7
216.7
50.8
17.4
32.7
0.7
165.9
51.1
51.1
18.3
8.1
2004
2005
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2006
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2007
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2008
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2009
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Portugal
_____________________________________________________________________________________________________
26
Table 49. Value added of affilitates of foreign TNCs in the host economy, by industry, 1999–2009
(Millions of euros)
Sector / industry
1999
Total
7 074.5
Primary
9.8
Agriculture, hunting, forestry and fishing
4.9
Forestry and fishing
Mining, quarrying and petroleum
5
Mining and quarrying
5
Secondary
2 628
Food, beverages and tobacco
..
Textiles, clothing and leather
..
Publishing and printing
..
Coke, petroleum products and nuclear fuel
..
Chemicals and chemical products
..
Rubber and plastic products
..
Non-metallic mineral products
..
Metal and metal products
..
Machinery and equipment
..
Electrical and electronic equipment
..
Precision instruments
..
Motor vehicles and other transport equipment
..
Other manufacturing
..
Tertiary
4 437
Electricity, gas and water
4
Construction
241
Trade
2 724
Automotive trade and repair
303
Wholesale trade
2 188
Distributive trade
234
Hotels and restaurants
114
Transport, storage and communications
460
Transport and storage
5
Post and communications
407
Finance
520
Financial intermediation
387
Insurance and pension funding
85
Activities auxiliary to financial intermediation
49
Business activities
359
Real estate
35
Computer and related activities
43
Other business activities
257
Public administration and defence
Education
Health and social services
Community, social and personal service activities
14
Recreational, cultural and sporting activities
Other services
Unspecified
-0
2000
8 335
9
3
6
6
2 811
..
..
..
..
..
..
..
..
..
..
..
..
..
5 515
6
270
3 578
257
3 026
294
133
447
6
376
640
583
-5
62
421
34
57
298
3
16
-0
2001
6 604
10
3
7
7
2 168
..
..
..
..
..
..
..
..
..
..
..
..
..
4 426
56
107
1 872
104
1 353
415
144
531
57
457
743
504
242
43
949
9
113
779
24
-
2002
2003 2004
6 541
11
3
8
8
2 354
..
..
..
..
..
..
..
..
..
..
..
..
..
4 176
85
91
1 914
71
1 380
463
144
571
60
495
841
516
257
72
503
33
102
315
27
-
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2005
2006
2007
2008
2009
11 783 12 786 14 546 14 262 13 461
230
378
393
202
249
2
2
2
1
2
2
2
2
1
2
228
377
391
201
247
4 264
4 504
5 154
4 502
3 981
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
7 288
7 905
8 998
9 556
9 233
245
260
332
391
491
343
375
468
562
585
3 517
3 572
3 871
4 129
3 823
262
283
321
321
315
1 328
1 530
1 799
2 143
1 994
..
..
..
759
588
..
..
..
1 384
1 406
1 525
1 796
2 109
729
740
242
260
1 117
1 119
3
4
8
13
16
16
17
17
50
66
49
68
72
70
66
70
66
31
19
1
-1
1
3
-2
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
Portugal
_____________________________________________________________________________________________________
27
Table 50. Value added of affilitates of foreign TNCs in the host economy, by geographical origin, 1999–2009
(Millions of euros)
Region / economy
Total world
Developed countries
Europe
European Union
Belgium
Denmark
Finland
France
Germany
Greece
Ireland
Italy
Luxembourg
Malta
Netherlands
Spain
Sweden
United Kingdom
Other developed Europe
Switzerland
North America
Canada
United States
Other developed countries
Japan
Developing economies
Africa
Latin America and the Caribbean
South and Central America
Caribbean
Asia
West Asia
South, East and South-East Asia
Oceania
South-East Europe and CIS
South-East Europe
CIS
Unspecified
1999
2000
2001
2002
7 074
6 394
5 770
5 770
142
23
812
1 153
2
3
107
891
662
180
1 347
491
10
480
133
133
..
..
..
..
..
..
..
..
..
..
..
..
680
8 335
7 847
7 242
6 963
150
32
827
1 265
2
2
125
2 277
996
273
669
280
260
482
2
479
123
123
..
..
..
..
..
..
..
..
..
..
..
..
488
6 604
6 437
5 934
5 232
41
76
14
632
1 281
-0
154
425
5
1 108
1 033
209
253
703
682
400
2
398
102
102
..
..
..
..
..
..
..
..
..
..
..
..
168
6 541
6 409
5 884
5 632
50
79
11
692
1 370
159
491
4
1 186
1 154
198
234
252
233
409
2
407
115
115
..
..
..
..
..
..
..
..
..
..
..
..
132
2003
2004
2005
2006
.. 11 724 11 712 12 659
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
.. 11 724 11 712 12 659
2007
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2008
2009
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Portugal
_____________________________________________________________________________________________________
28
Table 57. Exports of foreign affilitates of home-based TNCs, by industry in the foreign economy, 1999–2009
(Millions of euros)
Sector / industry
Total
Primary
Agriculture, hunting, forestry and fishing
Mining, quarrying and petroleum
Secondary
Food, beverages and tobacco
Textiles, clothing and leather
Publishing and printing
Coke, petroleum products and nuclear fuel
Chemicals and chemical products
Rubber and plastic products
Non-metallic mineral products
Metal and metal products
Machinery and equipment
Electrical and electronic equipment
Precision instruments
Motor vehicles and other transport equipment
Other manufacturing
Tertiary
Electricity, gas and water
Construction
Trade
Automotive trade and repair
Wholesale trade
Distributive trade
Hotels and restaurants
Transport, storage and communications
Transport and storage
Finance
Insurance and pension funding
Activities auxiliary to financial intermediation
Business activities
Computer and related activities
Public administration and defence
Education
Health and social services
Community, social and personal service activities
Other services
Unspecified
1999
149.4
2.6
2.5
0.1
58.5
..
..
..
..
..
..
..
..
..
..
..
..
..
88.3
23.2
39.6
0.2
34.8
4.6
8.0
7.5
0.1
17.5
-
2000
293.8
54.8
..
..
..
..
..
..
..
..
..
..
..
..
..
238.9
28.1
87.4
13.8
73.7
23.7
23.7
74.3
25.4
0.1
2001
306.6
84.5
..
..
..
..
..
..
..
..
..
..
..
..
..
222.0
1.9
27.5
54.7
15.1
39.6
0.1
30.5
30.5
76.1
76.1
0.6
0.6
30.6
0.1
2002
328.5
0.5
0.5
88.0
..
..
..
..
..
..
..
..
..
..
..
..
..
239.9
35.5
88.4
0.5
87.9
3.3
24.7
24.7
63.8
4.4
59.4
0.4
0.3
23.8
0.1
2003
356.4
0.2
0.2
137.6
..
..
..
..
..
..
..
..
..
..
..
..
..
218.6
37.9
31.5
84.2
0.8
83.2
0.1
2.6
24.5
24.5
37.7
5.2
32.5
0.4
0.3
-
2004
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2005
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2006
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2007
2008
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2009
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Portugal
_____________________________________________________________________________________________________
29
Table 58. Exports of foreign affilitates of home-based TNCs, by geographical location abroad, 1999–2009
(Millions of euros)
Region / economy
Total world
Developed countries
Europe
European Union
France
Germany
Greece
Hungary
Italy
Netherlands
Spain
United Kingdom
Other developed Europe
Switzerland
North America
United States
Other developed countries
Australia
Developing economies
Africa
Morocco
Latin America and the Caribbean
South and Central America
South America
Brazil
Uruguay
Central America
Caribbean
Asia
West Asia
South, East and South-East Asia
Hong Kong, China
Taiwan Province of China
Oceania
South-East Europe and CIS
South-East Europe
CIS
Unspecified
1999
149.4
84.1
80.4
80.4
..
..
..
..
..
..
..
..
3.7
3.7
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
65.3
2000
293.8
177.4
176.7
176.7
..
..
..
..
..
..
..
..
0.7
0.7
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
116.4
2001
306.6
186.8
185.4
185.4
3.4
1.3
2.9
6.4
116.6
47.4
1.4
1.4
92.2
2.5
87.2
87.2
11.1
9.7
1.5
76.1
2.5
2.5
0.4
..
27.5
2002
328.5
186.0
184.4
184.4
8.8
1.0
0.1
0.8
6.3
141.2
26.0
1.2
1.2
0.4
0.4
107.0
48.1
3.6
58.9
58.9
1.6
0.8
0.8
57.3
35.5
2003
356.4
258.5
256.9
256.9
9.2
1.8
0.1
1.3
2.3
7.4
232.4
2.1
0.0
0.0
0.6
0.6
1.0
1.0
66.5
33.9
6.1
32.4
32.4
1.0
0.2
0.8
31.4
0.1
0.1
0.1
31.5
2004
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2005
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2006
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2007
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2008
2009
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Portugal
_____________________________________________________________________________________________________
30
Table 59. Exports of affiliates of foreign TNCs in the host economy, by industry, 1999–2009
(Millions of euros)
Sector / industry
Total
Primary
Agriculture, hunting, forestry and fishing
Mining, quarrying and petroleum
Mining and quarrying
Secondary
Food, beverages and tobacco
Textiles, clothing and leather
Publishing and printing
Coke, petroleum products and nuclear fuel
Chemicals and chemical products
Rubber and plastic products
Non-metallic mineral products
Metal and metal products
Machinery and equipment
Electrical and electronic equipment
Precision instruments
Motor vehicles and other transport equipment
Other manufacturing
Tertiary
Electricity, gas and water
Construction
Trade
Automotive trade and repair
Wholesale trade
Distributive trade
Hotels and restaurants
Transport, storage and communications
Transport and storage
Post and communications
Finance
Financial Intermediation
Business activities
Real estate
Computer and related activities
Research and development
Other business activities
Public administration and defence
Education
Health and social services
Community, social and personal service activities
Unspecified
1999
5 920
12
7
4
4
4 596
..
..
..
..
..
..
..
..
..
..
..
..
..
1 313
24
1 071
100
968
3
0
88
9
21
129
39
20
1
49
1
-
2000
7 042
15
5
10
10
5 654
..
..
..
..
..
..
..
..
..
..
..
..
..
1 373
10
1 116
16
1 095
6
0
114
12
28
131
25
35
1
48
1
-
2001
7 612
12
6
6
6
6 189
..
..
..
..
..
..
..
..
..
..
..
..
..
1 412
19
1 091
16
1 024
52
216
121
32
2
2
82
3
17
1
61
2
-
2002
2003
8 074
10
4
6
6
6 534
..
..
..
..
..
..
..
..
..
..
..
..
..
1 530
8
1 220
7
1 154
59
228
122
40
3
3
70
5
16
48
1
-
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2004
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2005
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2006
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2007
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2008
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
2009
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Portugal
_____________________________________________________________________________________________________
31
Table 60. Exports of affilitates of foreign TNCs in the host economy, by geographical origin, 1999–2009
(Millions of euros)
Region / economy
Total world
Developed countries
Europe
European Union
Belgium
Cyprus
Denmark
Finland
France
Germany
Greece
Ireland
Italy
Luxembourg
Netherlands
Spain
Sweden
United Kingdom
Other developed Europe
Switzerland
North America
Canada
United States
Other developed countries
Japan
Developing economies
Africa
Latin America and the Caribbean
South and Central America
Caribbean
Asia
West Asia
South, East and South-East Asia
Oceania
South-East Europe and CIS
South-East Europe
CIS
Unspecified
1999
2000
2001
2002
5 920
5 619
4 798
4 798
355
30
364
1 548
2
4
88
795
483
153
198
495
29
466
326
326
..
..
..
..
..
..
..
..
..
..
..
..
301
7 042
6 893
6 064
5 858
477
33
372
1 959
2
3
122
923
625
228
307
206
193
460
7
453
369
369
..
..
..
..
..
..
..
..
..
..
..
..
149
7 612
7 492
6 136
5 983
120
334
33
467
1 750
54
95
781
1 261
778
170
131
153
136
965
6
960
391
391
..
..
..
..
..
..
..
..
..
..
..
..
120
8 074
7 935
6 477
6 335
124
313
29
550
1 792
105
96
784
1 092
1 144
170
121
142
128
1 046
7
1 039
412
412
..
..
..
..
..
..
..
..
..
..
..
..
139
2003
2004
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2005
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2006
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2007
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2008
2009
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Portugal
_____________________________________________________________________________________________________
32
Table 62. Imports of foreign affilitates of home-based TNCs, by industry in the foreign economy, 1999–2009
(Millions of euros)
Sector / industry
Total
Primary
Agriculture, hunting, forestry and fishing
Mining, quarrying and petroleum
Mining and quarrying
Secondary
Food, beverages and tobacco
Textiles, clothing and leather
Publishing and printing
Coke, petroleum products and nuclear fuel
Chemicals and chemical products
Rubber and plastic products
Non-metallic mineral products
Metal and metal products
Machinery and equipment
Electrical and electronic equipment
Precision instruments
Motor vehicles and other transport equipment
Other manufacturing
Tertiary
Electricity, gas and water
Construction
Trade
Automotive trade and repair
Wholesale trade
Distributive trade
Hotels and restaurants
Transport, storage and communications
Transport and storage
Finance
Insurance and pension funding
Activities auxiliary to financial intermediation
Business activities
Real estate
Computer and related activities
Research and development
Other business activities
Public administration and defence
Education
Health and social services
Community, social and personal service activities
Recreational, cultural and sporting activities
Other services
Unspecified
1999
2000
1 648.0 1 147.5
1.4
2.0
0.3
1.1
2.0
1.1
2.0
77.6
71.8
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
1 569.1 1 072.1
6.3
6.2
1 541.8 1 030.5
5.8
59.1
1 530.4 968.1
5.6
3.3
13.2
13.2
5.1
5.1
2.1
1.0
1.0
1.0
0.1
1.0
13.7
21.3
1.6
2001
646.0
3.9
3.9
3.9
168.0
..
..
..
..
..
..
..
..
..
..
..
..
..
473.7
8.2
419.7
81.7
334.1
4.0
0.1
15.9
15.9
4.2
0.0
1.4
2.8
25.6
0.5
2002
709.9
0.8
0.3
0.5
0.5
136.5
..
..
..
..
..
..
..
..
..
..
..
..
..
572.5
12.6
509.1
11.2
496.3
1.5
19.9
19.9
5.4
5.4
4.8
0.1
4.6
0.2
0.2
20.5
0.2
2003
782.7
1.9
0.1
1.7
1.7
166.5
..
..
..
..
..
..
..
..
..
..
..
..
..
614.4
8.9
19.3
547.2
12.1
533.1
2.1
3.1
19.5
19.5
4.5
4.5
11.4
0.4
0.2
10.8
0.2
0.2
0.2
-
2004
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2005
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2006
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2007
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2008
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
2009
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Portugal
_____________________________________________________________________________________________________
33
Table 63. Imports of foreign affilitates of home-based TNCs, by geographical location abroad, 1999–2009
(Millions of euros)
Region / economy
Total world
Developed countries
Europe
European Union
Denmark
France
Germany
Greece
Hungary
Italy
Netherlands
Poland
Spain
Sweden
United Kingdom
Other developed Europe
Norway
Switzerland
North America
Canada
United States
Other developed countries
Australia
Japan
Developing economies
Africa
Morocco
South Africa
Latin America and the Caribbean
South and Central America
South America
Argentina
Brazil
Chile
Uruguay
Central America
Caribbean
Asia
West Asia
South, East and South-East Asia
Taiwan Province of China
Oceania
South-East Europe and CIS
South-East Europe
CIS
Unspecified
1999
2000
1 648.0 1 147.5
299.7 1 089.7
289.1 1 084.2
289.1
510.7
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
573.5
4.0
10.6
5.5
10.6
5.5
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
1 348.3
57.8
2001
646.0
536.4
528.3
505.4
3.1
5.2
1.0
3.7
0.8
420.0
66.6
22.9
3.4
8.0
8.0
102.2
67.2
8.4
35.0
35.0
34.5
33.2
1.2
0.5
7.4
2002
709.9
647.5
585.3
574.5
4.7
30.8
31.8
2.5
8.1
15.6
0.9
437.2
0.1
39.3
10.7
7.3
3.4
41.0
41.0
21.2
21.1
0.1
52.7
36.7
3.3
5.9
14.3
14.3
9.2
2.2
6.0
1.0
5.1
1.7
1.7
1.3
9.7
2003
2004
782.7
680.0
630.9
621.4
4.9
37.2
33.4
0.2
1.8
9.0
17.2
1.4
494.3
19.0
9.5
6.5
3.0
34.1
34.1
14.9
14.9
85.4
67.7
3.4
9.2
15.5
15.5
9.9
4.4
4.8
0.7
5.6
2.2
2.2
1.8
17.3
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2005
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2006
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2007
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2008
2009
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Portugal
_____________________________________________________________________________________________________
34
Table 64. Imports of affiliates of foreign TNCs in the host economy, by industry, 1999–2009
(Millions of euros)
Sector / industry
Total
Primary
Agriculture, hunting, forestry and fishing
Mining, quarrying and petroleum
Mining and quarrying
Secondary
Food, beverages and tobacco
Textiles, clothing and leather
Publishing and printing
Coke, petroleum products and nuclear fuel
Chemicals and chemical products
Rubber and plastic products
Non-metallic mineral products
Metal and metal products
Machinery and equipment
Electrical and electronic equipment
Precision instruments
Motor vehicles and other transport equipment
Other manufacturing
Tertiary
Electricity, gas and water
Construction
Trade
Automotive trade and repair
Wholesale trade
Distributive trade
Hotels and restaurants
Transport, storage and communications
Transport and storage
Post and communications
Finance
Business activities
Real estate
Computer and related activities
Other business activities
Public administration and defence
Education
Health and social services
Community, social and personal service activities
Unspecified
1999
2000
2001
2002
7 409.3
2.5
1.7
0.8
0.8
3 162.1
..
..
..
..
..
..
..
..
..
..
..
..
..
4 244.6
54.1
3 847.7
1 498.1
2 017.4
332.2
10.1
126.5
11.1
67.7
198.4
80.3
69.1
40.7
7.9
-
8 307.3
3.9
1.1
2.8
2.8
3 942.3
..
..
..
..
..
..
..
..
..
..
..
..
..
4 361.1
0.2
76.9
3 956.9
1 197.4
2 129.1
630.4
12.0
209.7
7.2
149.2
93.1
14.3
21.0
45.1
0.2
12.1
-
8 584.4
3.4
2.8
0.6
0.6
3 701.5
..
..
..
..
..
..
..
..
..
..
..
..
..
4 879.6
28.5
110.6
4 301.2
1 258.0
2 290.9
752.4
21.6
155.1
0.5
99.7
255.1
61.5
71.1
101.6
7.5
-
9 476.1
4.5
2.4
2.1
2.1
4 164.1
..
..
..
..
..
..
..
..
..
..
..
..
..
5 307.5
8.3
152.5
4 744.5
1 131.5
2 735.5
877.5
20.6
163.9
0.9
97.4
215.2
88.8
39.9
69.0
2.5
-
2003
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2004
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2005
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2006
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2007
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2008
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
2009
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Portugal
_____________________________________________________________________________________________________
35
Table 65. Imports of affilitates of foreign TNCs in the host economy, by geographical origin, 1999–2009
(Millions of euros)
Region / economy
Total world
Developed countries
Europe
European Union
Belgium
Denmark
Finland
France
Germany
Greece
Ireland
Italy
Luxembourg
Netherlands
Spain
Sweden
United Kingdom
Other developed Europe
Switzerland
North America
Canada
United States
Other developed countries
Japan
Developing economies
Africa
Latin America and the Caribbean
South and Central America
Caribbean
Asia
West Asia
South, East and South-East Asia
Oceania
South-East Europe and CIS
South-East Europe
CIS
Unspecified
1999
2000
2001
2002
7 409
6 991
5 320
5 320
232
11
1 055
912
2
4
154
726
1 025
159
311
1 276
40
1 236
395
395
..
..
..
..
..
..
..
..
..
..
..
..
419
8 307
8 199
6 725
6 330
297
24
1 073
1 465
5
156
1 017
1 178
110
388
395
375
1 119
3
1 117
355
355
..
..
..
..
..
..
..
..
..
..
..
..
108
8 584
8 495
6 938
6 545
103
217
273
1 091
1 346
95
152
117
1 465
1 558
48
72
393
376
1 136
1 136
421
421
..
..
..
..
..
..
..
..
..
..
..
..
90
9 476
9 376
8 012
7 634
127
169
251
1 135
1 843
95
130
170
1 551
1 911
37
204
378
368
958
3
955
407
407
..
..
..
..
..
..
..
..
..
..
..
..
100
2003
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2004
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2005
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2006
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2007
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
2008
2009
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Source : UNCTAD FDI/TNC database, based on data from Instituto Nacional de Estatístisca.
_____________________________________________________________________________________________________
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
..
Portugal
_____________________________________________________________________________________________________
36
Table 86. Largest home-based TNCs, 2010
(Millions of dollars and number)
Company
Industry
Sales
Employees
A. Primary
Galp Energia Sgps
Mining, quarrying and petroleum
18 867
7 311
B. Secondary (Manufacturing)
Cimentos De Portugal Sgps SA
Non-metallic mineral products
3 004
8 571
Semapa SA
Wood and wood products
2 265
5 172
Portucel Empresa
Wood and wood products
1 859
2 331
Sonae Industria Sgps SA
Wood and wood products
1 734
..
Altri Sgps SA
Wood and wood products
667
687
Corticeira Amorim SA
Wood and wood products
613
3 247
Toyota Caetano SA
Motor vehicles and other transport equipment
572
1 898
Sumol Compal SA
Food, beverages and tobacco
460
1 390
VAA-V Aleg Atlenti Spgs
Non-metallic mineral products
68
1 519
C. Tertiary (Services)
EDP Energias De Portugal SA
Electricity, gas and water
19 010
12 096
Jeronimo Martins SA
Retail trade
11 659
61 061
Sonae Sgps SA
Retail trade
7 934
35 646
Portugal Telecom Sgps SA
Transport, storage and communications
4 939
33 522
Mota Engil Sgps SA
Business services
2 689
19 340
Teixeira Duarte SA
Construction
1 851
..
SAG Gest
Retail trade
1 405
..
Inapa SA
Wholesale trade
1 330
1 462
Soares Da Costa SA
Construction
1 199
5 952
EDP Renovaveis
Electricity, gas and water
1 134
838
Martifer
Construction
788
3 293
Impresa Sgps
Community, social and personal service activities
360
1 305
Novabase
Business services
317
2 003
Grupo Media Capital Sgps SA
Community, social and personal service activities
300
1 677
Ibersol-Sgps SA
Hotels and restaurants
285
5 630
Reditus SA
Business services
155
2 307
Glintt Global Intelligent Technologies S
Business services
150
1 284
Assets
D. Finance and Insurance
Employees
Banco Comercial Portugues
Finance
133 242
21 774
Banco BPI SA
Finance
60 681
9 494
Banif-Sgps SA
Finance
20 979
5 400
Sources : Thomson ONE and company websites.
_____________________________________________________________________________________________________
Portugal
_____________________________________________________________________________________________________
37
a
Table 87. Largest foreign affiliates of homebased TNCs, 2010
(Millions of dollars and number)
Company
Host economy
Industry
Sales
Employees
A. Primary
Petrogal Trading Ltd
Ireland
Mining, quarrying and petroleum
5 286
2
Vitacress Salads Ltd
United Kingdom
Agriculture, hunting, forestry and fisheries
148
400
Wight Salads Ltd
United Kingdom
Agriculture, hunting, forestry and fisheries
57
755
Van Heyningen Brothers Ltd
United Kingdom
Agriculture, hunting, forestry and fisheries
43
318
Galp Energia Espa-a Sa
Spain
Chemicals and chemical products
Ccb Cimpor Cimentos Do Brasil Ltda.
Brazil
Non-metallic mineral products
Glunz Ag
Germany
Wood and wood products
568
730
Sovena Espa-a Sa
Spain
Food, beverages and tobacco
552
150
Betangola Betoes E Prefabricados De Angola Lda
Angola
Machinery and equipment
447
73
Leche Celta Sl
Spain
Food, beverages and tobacco
343
224
Tableros Tradema Sl
Spain
Wood and wood products
250
550
Isoroy
France
Wood and wood products
221
747
Ghp Glunz Holzwerkstoffproduktions-gmbh
Germany
Wood and wood products
207
803
Cimpor Yibitas Cimento Sanayi Ve Ticaret A S
Turkey
Non-metallic mineral products
184
686
Cementos Cosmos Sa
Spain
Non-metallic mineral products
124
260
Efacec Do Brasil Ltda.
Brazil
Metals and metal products
123
241
Asment De Temara Sa
Morocco
Non-metallic mineral products
114
243
Cimbetao - Cimpor Betao Mozambique Sarl
Mozambique
Non-metallic mineral products
109
476
Colepccl Polska Sp Z O O
Poland
Chemicals and chemical products
108
415
Societe Les Ciments De Jebel Oust Sa
Tunisia
Non-metallic mineral products
102
210
Jeronimo Martins Dystrybucja S A
Poland
Retail trade
5 879
26 000
Galp Distribucion Oil Espa-a Sa
Spain
Wholesale trade
2 203
828
Hidroelectrica Del Cantabrico Sa.
Spain
Electricity, gas and water
1 999
481
Hidrocantabrico Energia Sa
Spain
Electricity, gas and water
1 750
60
Msf - Engenharia Angola Lda
Angola
Business services
1 394
210
Naturgas Energia Comercializadora Sociedad Anonima
Spain
Electricity, gas and water
1 221
200
Papier Union Gmbh
Germany
Wholesale trade
793
850
Alvalade Empreendimentos Turisticos E Hoteleiros Sarl
Angola
Unspecified
447
70
Serafim L Andrade S A R L
Angola
Hotels and restaurants
447
35
Hotel Tivoli Hotelaria E Servicos Lda
Mozambique
Hotels and restaurants
447
30
Unidas S/a.
Brazil
Rental activities
424
700
Desarrollos Eolicos Sa
Spain
Electricity, gas and water
412
60
Galp Serviexpress Sl
Spain
Wholesale trade
378
101
Edp Energia Iberica S.a.
Spain
Wholesale trade
371
55
Naturgas Energia Grupo Sociedad Anonima
Spain
Business services
352
79
Durkan Holdings Ltd
United Kingdom
Business services
347
300
B. Secondary (Manufacturing)
4 863
134
595
1 500
C. Tertiary (Services)
Assets Employees
D. Finance and Insurance
Limar Limited
Malta
Holding
1 129
5 549
Millennium Bank S.a.
Greece
Finance
438
1 521
Edp Renovaveis, Sa
Spain
Holding
343
59
Cimpor Inversiones Sa
Spain
Holding
245
27
Banca Millennium Sa
Romania
Finance
181
700
Banco International De Mozambique S A R L
Mozambique
Finance
166
1 400
Execution Noble Ltd
United Kingdom
Finance
75
200
Wight Salads Group Ltd
United Kingdom
Holding
57
743
173509 Canada Ltte
Canada
Holding
48
330
Tafisa Canada Inc
Canada
Holding
48
330
Millennium Leasing Sp Z O O
Poland
Finance
47
240
Millennium Towarzystwo Funduszy Inwestycyjnych S A
Poland
Finance
37
10
Banco Espirito Santo De Angola Sarl
Angola
Finance
37
100
68
Santo Espirito Bank
United States
Finance
34
Silampos U K Ltd
United Kingdom
Holding
32
61
Banco Millennium Angola S.a
Angola
Finance
30
499
Sources : WorldBase, Dun & Bradstreet Inc., company websites.
a
Or most recent year available.
_____________________________________________________________________________________________________
Portugal
_____________________________________________________________________________________________________
38
a
Table 88. Largest affiliates of foreign TNCs in the host economy, 2010
(Millions of dollars and number)
Company
Home economy
Industry
Sales
Employees
A. Primary
Cyprus
Mining, quarrying and petroleum
Volkswagen Autoeuropa, Lda
Germany
Motor vehicles and other transport equipment
Repsol Polímeros, S.a.
Spain
Chemicals and chemical products
902
443
Continental Mabor - Indústria De Pneus, S.a.
Germany
Rubber and plastic products
831
1 533
Nestlé - Portugal, S.a.
Switzerland
Food, beverages and tobacco
769
1 421
Siemens, S.a.
Germany
Electrical and electronic equipment
644
1 233
Bosch Car Multimédia Portugal, S.a.
Germany
Electrical and electronic equipment
608
1 731
Scc - Sociedade Central De Cervejas E Bebidas, S.a.
Switzerland
Food, beverages and tobacco
571
814
Delphi Automotive Systems - Portugal, S.a.
United Kingdom
Electrical and electronic equipment
465
3 096
Peugeot Citroen Automóveis Portugal, S.a.
France
Motor vehicles and other transport equipment
400
887
Visteon Portuguesa, Ltd
United States
Machinery and equipment
369
1 269
Ba Vidro, S.a.
Netherlands
Somincor - Sociedade Mineira De Neves-corvo, S.a.
576
922
1 933
3 200
B. Secondary (Manufacturing)
Non-metallic mineral products
356
636
C.a.c.i.a. - Companhia Aveirense De Componentes Para A IndústFrance
Motor vehicles and other transport equipment
350
1 005
Bosch Termotecnologia, S.a.
Germany
Other manufacturing
326
932
Faurecia - Assentos De Automóvel, Lda
France
Motor vehicles and other transport equipment
310
1 674
Eneop 3 - Desenvolvimento De Projecto Industrial, S.a.
Germany
Electrical and electronic equipment
304
617
Refrige - Sociedade Industrial De Refrigerantes, S.a.
Spain
Food, beverages and tobacco
280
426
Danone Portugal, S.a.
France
Food, beverages and tobacco
256
275
Adp Fertilizantes, S.a.
Spain
Chemicals and chemical products
244
180
Ogma - Indústria Aeronáutica De Portugal, S.a.
Brazil
Motor vehicles and other transport equipment
218
1 597
315
General Cable Celcat - Energia E Telecomunicações, S.a.
United States
Electrical and electronic equipment
207
Sidul Açucares, Unipessoal, Lda
United States
Food, beverages and tobacco
202
223
Europa&c Embalagem, S.a.
Spain
Wood and wood products
200
304
334
C. Tertiary (Services)
Bp Portugal - Comércio De Combustíveis E Lubrificantes, S.a.
United Kingdom
Wholesale trade
2 674
Repsol Portuguesa, S.a.
Spain
Wholesale trade
2 565
233
Companhia Portuguesa De Hipermercados, S.a.
France
Retail trade
2 010
8 358
Vodafone Portugal - Comunicações Pessoais, S.a.
United Kingdom
Transport, storage and communications
1 914
1 570
Saipem (portugal) - Comércio Marítimo, Sociedade Unipessoal, LdItaly
Business services
1 690
375
Cepsa - Portuguesa Petróleos, S.a.
Spain
Wholesale trade
1 462
172
Lidl & Companhia
Germany
Retail trade
1 345
300
Dia Portugal - Supermercados, Sociedade Unipessoal, Lda
France
Retail trade
1 221
3 869
Arcelormittal Trading, Unipessoal, Lda
Luxembourg
Wholesale trade
1 160
4
The Swatch Group (europa) - Sociedade Unipessoal, S.a.
Switzerland
Wholesale trade
888
13
Ocp-portugal - Produtos Farmacêuticos, S.a.
Germany
Wholesale trade
799
280
Na - Netjets Aviation, Lda
United States
Transport, storage and communications
760
10
Namisa Europe, Lda
Brazil
Wholesale trade
755
8
Renault Portugal, S.a.
France
Retail trade
724
148
Makro Cash & Carry Portugal, S.a.
Germany
Wholesale trade
684
1 526
Psa Gestão - Comércio E Aluguer De Veículos, S.a.
France
Retail trade
662
Unilever Jerónimo Martins, Lda
United Kingdom
Wholesale trade
619
267
Somague - Engenharia, S.a.
Spain
Construction
589
2 211
El Corte Inglês - Grandes Armazéns, S.a.
Spain
Retail trade
583
3 239
Mercedes-benz Portugal, S.a.
Germany
Retail trade
577
178
Perdigão Europe - Sociedade Unipessoal, Lda
Brazil
Wholesale trade
548
7
Csn Europe, Lda
Brazil
Wholesale trade
534
10
Assets
D. Finance and Insurance
Employees
Santander Totta Seguros - Companhia De Seguros De Vida, S.a. Spain
Insurance
996
56
Axa Portugal - Companhia De Seguros, S.a.
Insurance
490
597
France
Sources : WorldBase, Dun & Bradstreet Inc., company websites.
a
Or most recent year available.
_____________________________________________________________________________________________________