IESET.
Drift overview·PRT

Portugal

net market drift10 movements coded · 19742024·final composite drift: -28.0
tone legendleft / state-expansionright / marketcentrist / mixedauthoritarian

Composite statist-drift trajectory with movements

fiscal axes — what moved and which way

sectoral subsidyspending leveltax corporatetax progressivitytransfer expansion

regulatory axes — what moved and which way

financial deregulationimmigration opennesslabour market flexibilityproduct market competitionsectoral licensingtrade openness

monetary axes — what moved and which way

central bank independence

institutional axes — what moved and which way

property rightsrule of law

Movement timeline (10)

YearMovement
1974–1986Portugal Carnation Revolution: nationalisations, retrenchment, EEC accession
portugal_carnation_revolution_1974_1986
1985–1995Cavaco Silva PSD: IMF exit, EEC entry, liberalisations and privatisations
portugal_cavaco_silva_psd_1985_1995
1986–1993EU Single Market programme (1992 Project)
eu_single_market_1993
1992–1999Maastricht Treaty convergence criteria + monetary union preparation
maastricht_convergence_criteria_1992
1995–2002Guterres PS: Third-Way modernisation, euro entry
portugal_guterres_ps_1995_2002
2002–2004Durão Barroso PSD-CDS centre-right government
portugal_barroso_psd_2002_2004
2005–2008Sócrates PS first majority government
portugal_socrates_ps_first_2005_2008
2011–2015Passos Coelho PSD-CDS Troika-programme austerity (Portugal 2011-2015)
portugal_passos_coelho_psd_cds_2011_2015
2015–2024Costa PS geringonça and majority: post-austerity recovery with EU fiscal compliance (Portugal 2015-2024)
portugal_costa_ps_2015_2024
2024Montenegro AD minority government under Chega leverage (Portugal 2024-present)
portugal_montenegro_ad_2024_present