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Recent structural reforms have improved Portugal’s competitiveness and long-term growth prospects. However, this generally positive message conceals significant variations between sectors and also obscures the very substantial opportunities that further reforms can bring.
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Water resources allocation determines who is able to use water resources, how, when and where. Capturing information from 27 OECD countries and key partner economies, the report presents key findings from the OECD Survey of Water Resources Allocation and case studies of successful allocation reform.
Skills and human capital are the bedrock upon which Portugal is building a new road to growth. After a challenging period characterised by high levels of unemployment, strong fiscal constraints and accelerated reform, Portugal has successfully completed a demanding adjustment programme and is setting its sights high.
There are now 42 signatories to the OECD Declaration on Green Growth. Lithuania has joined Costa Rica, Colombia, Croatia, Latvia, Morocco, Tunisia, as well as OECD members in having adhered to the declaration. Latest reports are now available on Zambia, Slovak Republic, Slovenia and Korea.
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This country note from Going for Growth 2015 for Portugal identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
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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.
The total stock of foreigners in Portugal has been declining steadily since 2009 due to both the effects of the economic recession and the naturalisation of the foreign population.
The OECD’s latest Economic Survey of Portugal, published on Monday 27 October 2014, assesses the significant progress the country has made to rebound from the financial crisis and subsequent recession.
Country notes outlining regional variations in health, jobs, safety, environment, access to services, civic engagement, housing, education, income, and employment. These notes are from the OECD publication "How's Life in Your Region?".