This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.The economic situation and policies of the Portugal were reviewed by the Committee on 24 October 2016. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 15 November 2016.The Secretariat’s draft report was prepared for the Committee by Jens Arnold and Sónia Araújo under the supervision of Pierre Beynet. Research assistance was provided by Desney Wilkinson-Erb, Corinne Chanteloup, Gabor Fulop and Daniela Crosera and secretarial assistance was provided by Sylvie Ricordeau and Amelia Godber.The previous Survey of the Portugal was issued in October 2014.

Calculations based on OECD Economic Outlook: Statistics and Projections (database).

Portugal has undertaken an ambitious structural reform programme since 2011. Reforms have spanned across a wide range of policy areas, product markets, labour markets, taxes, regulations and the public sector. These reforms have supported a gradual recovery of the Portuguese economy, with additional tailwinds resulting from highly accommodative monetary policy and low oil prices.

This table reviews action taken on recommendations from preceding Surveys. Recommendations that are new in this Survey are listed in the relevant chapter.