Public debt

PORTUGAL HAS the seventh highest public debt of the OECD countries at 69.5 per cent – close to the 69.9 per cent high it registered in 1995.

Even so, the figure was lower than the European average (78.1 per cent) while the average OECD country debt stood at 76.3 per cent.

The Portuguese public debt reached its lowest level in 2000 when it registered 59.9 per cent.

When it came to the productivity of Portuguese workers, it rose at a lower rate than the other 30 OECD countries in the past five years. On average, Portuguese worker productivity per hour rose only 0.9 per cent in 2005.

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