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Despite Portugal’s economic and political challenges, it is still committed to improving the environment. The government sees green investment in its stimulus package and green tax reform as part of the solution to the national budget deficit.

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While in Lisbon, the Secretary-General had meetings with Mr. Aníbal Cavaco Silva, President of Portugal, Mr. Pedro Passos Coelho, Prime Minister of Portugal and Mr. Carlos Costa, Governor of the Banco de Portugal, as well as several Ministers and high level officials of Portugal.

Having been hit hard by the global crisis, the Portuguese government has taken action to put its economy back on track, and to correct external and budgetary imbalances. This document highlights some key priorities to support economic growth and competitiveness through further productivity-enhancing structural reforms.

Fundamental reforms have helped put the Portuguese economy back on the right track, but a durable recovery will require additional measures to improve export competitiveness, create jobs and ensure social protection for those most in need, according to the latest OECD Economic Survey of Portugal.

This publication highlights new evidence on policies to support job creation, bringing together the latest research on labour market, entrepreneurship and local economic development policy to help governments support job creation in the recovery. It also includes a set of country pages featuring, among other things, new data on skills supply and demand at the level of smaller OECD regions (TL3).

The tax burden in Portugal increased by 2.2 percentage points from 31.2% to 33.4, the largest rise amongst member countries in 2013. The OECD average was an increase of 0.4 percentage points from 33.7% to 34.1%. The Portuguese standard VAT rate is 23%, which is well above the OECD average. The average VAT/GST standard rate in the OECD was 19.1% on 1 January 2014.

Following a bilateral meeting with Secretary-General Angel Gurría and a seminar on recent economic and social developments, President Cavaco Silva addressed the OECD Council.

The Global Forum on Transparency and Exchange of Information for Tax Purposes published today 9 new peer review reports, including a Phase 1 Supplementary Report for Switzerland, demonstrating continuing progress toward implementation of the international standard for exchange of information on request.

Mr. Gurría met with Prime Minister Pedro Passos Coelho and presented the Review of Policy Indicators as well as the Skills Strategy Diagnostic Report for Portugal.

Portugal has endeavoured to maintain its foreign aid programme since the economic crisis, but its aid budget has been hit hard and a plan is needed to avoid a further decline and get back on a path towards internationally agreed targets, according to an OECD Review.

The Secretary-General spoke at the 2016 OECD Global Forum on Productivity: Structural Reforms for Productivity Growth. He also met with Portuguese President Mr. Marcelo Rebelo de Sousa and other high-level officials.

This country note provides an environmental tax and carbon pricing profile for Portugal. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates.

The Secretary-General presented the OECD Economic Survey of Portugal and held bilateral meetings with Prime Minister António Costa and several ministers.

Unemployment has fallen faster in Portugal than on average across OECD countries. However, at 9.8% in April 2017, it remains above its pre-crisis level in 2007, as well as significantly above the OECD average (5.9%).