Portugal has a population of 10.6 million and a GDP of 241.9 billion US dollars. The country experienced economic recession from 2009 to 2011 due to the impacts of austerity measures and slowing demand from Europe. Public and private debt levels are high at over 100% of GDP. While Portugal has strengths like its infrastructure and tourism industry, it also faces weaknesses such as low productivity, dependence on Europe, and weak government finances. Payments in Portugal are mainly done through bills of exchange, checks, and bank transfers, while debt collection can involve out of court settlement efforts or formal legal proceedings.