The country adopted the euro in 1999. Despite being both a developed country and a high income country, Portugal's GDP per capita was of about 80% of the EU-27 average. The Global Competitiveness Report of 2008–2009 ranked Portugal 43rd out of 134 countries and territories. Research by the Economist Intelligence Unit's (EIU) Quality of Life survey in 2005 ranked Portugal 19th in the world. Portugal is home to a number of major companies with international reputation such as Grupo Portucel Soporcel, a major world player in the international paper market, Sonae Indústria, the largest producer of wood-based panels in the world, Corticeira Amorim, the world leader in cork production, and Conservas Ramirez, the oldest canned fish producer in continuous operation.