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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%).
Democracy is a living organism; it is made by and for the people. And encouraging more people to participate surely strengthens democracy.
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Portugal had the 13th highest tax wedge among the 35 OECD member countries in 2016. The country had the 12th highest position in 2015. The average single worker in Portugal faced a tax wedge of 41.5% in 2016 compared with the OECD average of 36.0%.
These country specific notes provide figures and commentary from the Taxation and Skills publication that examines how tax policy can encourage skills development in OECD countries.
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Portugal has shown a strong commitment towards a more effective and efficient public sector. However, the country should deepen its efforts to digitally transform its public sector by ensuring that data is used to build public sector intelligence as well as identifying and developing the current and future skills for a digitally-agile civil service.
This report, commissioned by the XIX Government of Portugal, provides an evaluation of the comprehensive labour market reforms undertaken in Portugal over the period 2011-2015. It describes reforms in the areas of employment protection legislation, unemployment benefits, activation, collective bargaining, minimum wages and working time. The report reviews the reforms in detail and assesses the available evidence on the impact they have had on the labour market. The report concludes that the Portuguese labour market reforms were a move in the right direction. However, despite the progress made, many challenges remain and some of the reforms may not have gone far enough. Unemployment remains high and this situation has fuelled an increase in both poverty and long-term unemployment The labour market remains highly segmented and, in the context of very low inflation, the presence of downward nominal wage rigidity is likely to remain a barrier to the competitiveness of the Portuguese economy – unless productivity growth is strengthened.
The Secretary-General presented the OECD Economic Survey of Portugal and held bilateral meetings with Prime Minister António Costa and several ministers.
Portugal has carved the way to a brighter future with its reform agenda. It now needs to sustain this momentum. Please count on the OECD to continue working with Portugal and for Portugal in order to design, develop and deliver better policies for better lives.
The Portuguese economy is gradually recovering from a deep recession thanks to a broad structural reform agenda that has led to rising economic growth, falling unemployment and remarkable progress in export performance.
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.