1. Human Development Index (HDI): Portugal ranks high on the Human Development Index (HDI), which measures a country's overall achievements in terms of health, education, and income. According to the 2020 HDI report, Portugal is ranked 39th out of 189 countries, indicating a high level of human development.
2. Strong Economy: Portugal has a diversified and relatively strong economy. It is a member of the European Union and has adopted the Euro as its currency. The country has experienced steady economic growth in recent years, driven by sectors such as tourism, manufacturing, and financial services.
3. High Income Levels: Portugal has a relatively high gross national income (GNI) per capita. In 2021, the GNI per capita was approximately $23,000, placing Portugal in the upper-middle-income group of countries.
4. Quality Education: Portugal has a well-developed education system. Primary and secondary education is mandatory, and there are numerous universities and higher education institutions. The literacy rate in Portugal is very high, exceeding 99%.
5. Advanced Healthcare System: Portugal has a modern and accessible healthcare system. It is funded through a combination of public and private sources, and citizens have access to quality medical care. The life expectancy in Portugal is among the highest in the world, at around 81 years.
6. Infrastructure Development: Portugal has a well-developed infrastructure. The country has an extensive network of roads, highways, and railways that connect different parts of the country. Portugal is also served by several international airports and seaports, facilitating trade and tourism.
7. Technological Advancement: Portugal has embraced technology and innovation. The country has a growing tech sector, with numerous startups and tech companies operating in fields such as software development, artificial intelligence, and e-commerce.
8. Global Trade: Portugal is an active participant in global trade. It exports goods and services to various countries around the world, and is part of several trade agreements, including the European Single Market.
9. Democratic Governance: Portugal is a stable and democratic country. It has a functioning multi-party system, with regular and fair elections. Human rights and civil liberties are respected in the country.
These factors, among others, contribute to Portugal's status as an MEDC country, characterized by its strong economy, high human development indicators, and democratic governance.