The country is also sitting on a huge debt burden of 129% of GDP, the third largest in the Eurozone after Greece and Italy. A large debt burden raises the risk of another crisis down the road, especially if investors doubt the efficacy of the European Central Bank and the euro currency.
The Global X FTSE Portugal 20 ETF (NYSEArca: PGAL) is one of the better performing Europe country-specific ETFs so far this year, rising 14.0% year-to-date. [PIIGS ETFs Impress]
Global X FTSE Portugal 20 ETF
For more information on Portugal, visit our Portugal category.
Max Chen contributed to this article.