Portugal Selected Issues

This Selected Issues paper estimates the fiscal impact of demographic changes in Portugal and the euro area over the period 2015-2100. Under the baseline projections of the United Nations, Portugal is among the countries in the euro area that is expected to be most hurt by demographic developments....

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Portugal  |b Selected Issues 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2016 
300 |a 48 pages 
651 4 |a Portugal 
653 |a Banking 
653 |a Industries: Financial Services 
653 |a Finance 
653 |a Pension spending 
653 |a Population and demographics 
653 |a Public Finance 
653 |a Non-labor Market Discrimination 
653 |a Mortgages 
653 |a Demography 
653 |a Expenditures, Public 
653 |a Population 
653 |a National Government Expenditures and Health 
653 |a Micro Finance Institutions 
653 |a Social Security and Public Pensions 
653 |a Migration, immigration & emigration 
653 |a Expenditure 
653 |a Banks and Banking 
653 |a Aging 
653 |a Economics of the Elderly 
653 |a Banks 
653 |a Economics of the Handicapped 
653 |a Public finance & taxation 
653 |a Depository Institutions 
653 |a Banks and banking 
653 |a Population aging 
653 |a Health care spending 
653 |a Population & demography 
653 |a Demographic Economics: General 
653 |a Emigration and immigration 
653 |a Pensions 
653 |a Macroeconomics 
653 |a Emigration and Immigration 
653 |a Migration 
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520 |a This Selected Issues paper estimates the fiscal impact of demographic changes in Portugal and the euro area over the period 2015-2100. Under the baseline projections of the United Nations, Portugal is among the countries in the euro area that is expected to be most hurt by demographic developments. During 2015-2100, its population is expected to shrink by about 30 percent while the old-age dependency ratio is expected to more than double, driven mostly by low fertility, higher longevity, and migration outflows. Age-related public spending would increase by about 6 percentage points of GDP under the baseline over the period 2015-50, and the public debt path would become unsustainable in the absence of offsetting policies