Portugal: Selected Issues

September 22, 2016

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Portugal: Selected Issues, (USA: International Monetary Fund, 2016) accessed November 23, 2024

Summary

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.

Subject: Aging, Banking, Expenditure, Health care spending, Migration, Pension spending, Population and demographics

Keywords: Aging, Asset, Bank, Bank asset structure, Bank capital level, Banks assets, CR, Eastern Europe, ECB support, ECB's asset purchase, Europe, Global, Health care spending, IMF staff calculation, ISCR, Lending, Migration, Pension spending, Profitability

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/301
Stock No:

1PRTEA2016003
ISBN:

9781475538397
ISSN:

1934-7685

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