Economy
Although characterized as a "small fishing community", its move towards the tourist market has driven its growth since the 1990s. Influenced by its white, fine sand beaches, natural rock-cliff shores, seculeded coves and warm temperatures (water temperatures reaching a minimum 15°C), the local economy absorves a constant number of summer visitors and foreign vacationers. During the summer the population increases ten-fold with visitors, who occupy vacation homes, rented apartments and campgrounds, helped by the classification of many of its beaches as Blue Flag beaches, including the popular Praia do Espingardeiro, Praia Pequena and Praia dos Buizinhos. In front of the island of Pessegueiro is one of the more popular beaches, attracting windsurfers, boaters and sport fishermen to the waters off the coast. Alongside the beach of Pessegueiro is the 17th century fortrees, partily destroyed by the 1755 Lisbon Earthquake. On the island of Pessegueiro, which inspired the contemporary musician Rui Veloso to pen a composition, is another 17th-century fortress, the ruins of a Roman porto and 15th century chapel. These have also attracted visitors, as boats regularly visit the island for visits, or fishing around its waters.
Read more about this topic: Porto Covo
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)