OECD Economic Surveys
PORTUGAL 2026
Executive summary January 2026
• The economy remains resilient but structural challenges weigh on future growth • Growth is set to stabilise, but risks remain elevated • Fiscal prudence and productivity-enhancing reforms are needed to safeguard public finances • Strengthening training and activation to address population ageing and skill shortages • Tackling Portugal’s housing affordability challenge will require a comprehensive reform package • Addressing climate change requires significant investment in adaptation and mitigation