This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.The economic situation and policies of Portugal were reviewed by the Committee on 23 September 2014. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 6 October 2014.The Secretariat’s draft report was prepared for the Committee by Jens Arnold under the supervision of Pierre Beynet. Research assistance was provided by Gabor Fulop and Matheus Bueno. The survey also benefitted from external consultancy work.The previous Survey of Portugal was issued in July 2012.