Why has Portugal shrunk so much in recent years?

by ineptnoob

Back when new "worlds"/ continents were being discovered, Portugal was one of the first to start exploring the oceans. Be it the discovery of India by the European powers, the discovery of African lands, be it the new world of America, Portugal has always ben top of their game. So why is it that the average person nowadays knows it only for being a teeny country south of Spain and for Cristiano Ronaldo? If we compare Portugal to maybe the UK, both of them at one time had a global outreach in colonies, trade and politics. What makes the UK still relevant globally while Portugal isn't heard of a lot? (or is my viewpoint biased?)

terminus-trantor

Many years ago, I answer a similar question, you can read the answer here