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Portugal GDP

Portugal's GDP rose to $308.68 billion in 2024, up from $289.7 billion in 2023, according to World Bank. This represents an increase of 6.6% ($18.99 billion) from the previous year and accounts for 0.28% of the world's total GDP. Portugal has GDP higher than the global median ($308.68 billion vs median $35.85 billion). Compared with the median in Europe, Portugal is higher ($308.68 billion vs regional median $126.99 billion) and ranks 19th out of 48 countries in Europe.

Portugal's GDP per capita rose to $22,479.2 in 2024, up from $22,311.31 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 308.68
2023 289.7
2022 256.9
2021 256.06
2020 229.62
2019 240.12
2018 242.09
2017 220.86
2016 206.31
2015 199.04
2014 230.08
2013 226.68
2012 216.54
2011 245.43
2010 238.44
2009 244.67
2008 263.42
2007 240.5
2006 208.76
2005 197.25
2004 189.38
2003 165.23
2002 134.8
2001 121.6
2000 118.61
1999 127.47
1998 123.95
1997 117.02
1996 122.63
1995 118.12
1994 99.69
1993 95.01
1992 107.59
1991 89.23
1990 78.71
1989 60.59
1988 56.35
1987 48.18
1986 38.75
1985 27.12
1984 25.22
1983 27.24
1982 30.53
1981 31.98
1980 32.9
1979 26.62
1978 23.49
1977 21.44
1976 20.33
1975 19.35
1974 17.51
1973 15.09
1972 11.24
1971 9.2
1970 8.11
1969 7.29
1968 6.64
1967 6
1966 5.37
1965 4.9
1964 4.43
1963 4.08
1962 3.84
1961 3.57
1960 3.34
Portugal GDP : Definition
GDP measures the total value of all goods and services produced in Portugal, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 1.93% 2.61% 2024
GDP Growth Rate (QoQ) 0.6% -0.4% Jun'25
GDP Growth Rate (YoY) 1.9% 1.7% Jun'25
GDP per Capita $22,479.2 $22,311.31 2024
GDP per Capita PPP $41,883.85 $41,571.02 2024
R&D Expenditure (% GDP) 1.7% 1.67% 2022
Real GDP $240.56B $236.01B 2024