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Portugal Debt to GDP Ratio

Portugal's government debt-to-GDP ratio fell to 94.9% in 2024, the lowest since 2009, down from 97.7% in 2023. This decline resulted from 1.9% economic growth driven by household spending and investment, alongside a 0.7% budget surplus. Portugal's record low debt-to-GDP was 54.2% in 2000 and the record high was 134.1% in 2020.

Yearly Historical Data (1990-2024)

(in %)
Year Debt to GDP Ratio
2024 93.6%
2023 97.7%
2022 111.2%
2021 123.9%
2020 134.1%
2019 116.1%
2018 121.1%
2017 126%
2016 131.2%
2015 131%
2014 132.9%
2013 131.4%
2012 129%
2011 114.4%
2010 100.2%
2009 87.8%
2008 75.6%
2007 72.7%
2006 73.7%
2005 72.2%
2004 67.1%
2003 63.9%
2002 60%
2001 57.4%
2000 54.2%
1999 55.4%
1998 55.6%
1997 58.7%
1996 63.3%
1995 62.2%
1994 57.5%
1993 54.4%
1992 55.3%
1991 60.8%
1990 57.3%
Portugal Debt to GDP Ratio : Definition
Portugal's government debt-to-GDP ratio shows its debt relative to economic output. It's calculated by dividing total government debt by gross domestic product. A higher ratio indicates greater debt burden.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 2.2% 0.6% Dec'24
Private Credit (% GDP) 78.36% 80.95% 2024