ECONOMIA PORTUGUESA IV - OECONOMIA LUSITANAE IV - PORTUGUESE ECONOMY IV

These are historical figures about Portuguese Economy, where we can see the principal components of GDP (expenditure approach) along the years since 1978 (end of the first intervention of IMF) and 2013 (last year of the last intervention of IMF and European institutions).
Was a long long way of increased Consumption (private and public) from 69,6% of GDP to 88,2% of GDP in 2010, with imports peaking the level of 41% (José Sócrates as Prime Minister, 10,5% in 1978) and later in 2013, Exports peaking the level of 40% (with imports at a level of 39,6% by contraction of Internal Demand to 84% for Consumption and for 15,1% for Investment) under Troika financial «assistance» («austerity adjustment»).

We can see the overdose of Construction in Investment (concrete and tarmac) until 1989 (Cavaco Silva as Prime Minister, Oliveira Martins as Minister of Public Works) and with a «new wave» between 1997 and 2002 (with António Guterres as Prime Minister and Jorge Coelho as Minister of Public Works in the begining, later appear as manager of a Construction Group), with brutal oportunity costs that Portuguese suffering now because games of negative sum of an oligarchy that don´t learned yet with the disaster and don´t do what Portugal must do: a deep reform of Political Society and State, that Troika don´t impose and by that way was imposed a brutal fiscal burden with vicious circles.