Portugal is a developed country and it has the world's 19th-highest quality-of-life, according to The Economist Intelligence Unit. It is the 13th-most peaceful and the 8th-most globalized country in the world. It is a member of the European Union, (joined the then EEC in 1986, leaving the EFTA where it was a founding member in 1960), and the United Nations; as well as a founding member of the Latin Union, the Organization of Ibero-American States, OECD, NATO, Community of Portuguese Language Countries, the European Union's Eurozone, and also part of the Schengen Area.
