Flag of pt

Portugal Real GDP

Portugal's real GDP rose to $240.56 billion in 2024, up from $236.01 billion in 2023, according to World Bank. This represents an increase of 1.9% ($4.55 billion) from the previous year and accounts for 0.25% of the world's total real GDP. Portugal has real GDP higher than the global median ($240.56 billion vs median $29.34 billion). Compared with the median in Europe, Portugal is higher ($240.56 billion vs regional median $78.54 billion) and ranks 18th out of 47 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 Real GDP (Billion USD)
2024 240.56
2023 236.01
2022 230
2021 214.98
2020 203.66
2019 221.87
2018 215.94
2017 209.76
2016 203.03
2015 199.04
2014 195.92
2013 194.48
2012 196.41
2011 204.71
2010 208.28
2009 204.72
2008 211.32
2007 210.64
2006 205.49
2005 202.21
2004 200.64
2003 197.11
2002 198.96
2001 197.44
2000 193.68
1999 186.56
1998 179.54
1997 171.31
1996 164.09
1995 158.53
1994 152.02
1993 150.57
1992 153.71
1991 152.05
1990 145.69
1989 140.15
1988 131.67
1987 122.5
1986 115.15
1985 110.57
1984 107.55
1983 109.61
1982 109.8
1981 107.51
1980 105.79
1979 101.15
1978 95.75
1977 93.13
1976 88.19
1975 82.5
1974 86.25
1973 85.27
1972 76.68
1971 70.99
1970 66.58
1969 61.02
1968 59.75
1967 54.88
1966 51.03
1965 49.03
1964 45.62
1963 42.91
1962 40.53
1961 38.02
1960 36.02
Portugal Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Portugal, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $308.68B $289.7B 2024
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