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Portugal Trade (% GDP)

Portugal's trade (% GDP) fell to 91.14% in 2024, down from 93.86% in 2023, according to World Bank. This represents a decrease of 2.72% from the previous year. Portugal has trade (% GDP) higher than the global median (91.14% vs median 84.49%). Compared with the median in Europe, Portugal is lower (91.14% vs regional median 111.00%) and ranks 29th out of 44 countries in Europe.

Yearly Historical Data (1970-2024)

(in %)
Year Trade (% GDP)
2024 91.14%
2023 93.86%
2022 101.36%
2021 85.87%
2020 76.51%
2019 86.77%
2018 86.74%
2017 84.81%
2016 79.52%
2015 80.63%
2014 80.22%
2013 78.03%
2012 75.94%
2011 73.01%
2010 67.69%
2009 61.49%
2008 72.08%
2007 69.95%
2006 68.55%
2005 62.94%
2004 63.2%
2003 61.14%
2002 62.31%
2001 65.09%
2000 67.45%
1999 63.31%
1998 63.83%
1997 62.3%
1996 60.21%
1995 59.91%
1994 57.18%
1993 54.18%
1992 56.31%
1991 60.37%
1990 65.06%
1989 64.87%
1988 63.2%
1987 59.58%
1986 54.02%
1985 61.52%
1984 64.41%
1983 58.93%
1982 55.76%
1981 55.58%
1980 54.24%
1979 50.73%
1978 41.13%
1977 40.53%
1976 37.71%
1975 41.53%
1974 53.94%
1973 47.24%
1972 46.23%
1971 44.67%
1970 43.21%
Portugal Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Portugal divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $83.01B $83.62B 2024
Annual Imports $112.64B $113.69B 2024
Balance of Trade -€3B -€3.3B Aug'25
Exports €5.1B €7B Aug'25
Exports (% GDP) 46.48% 47.51% 2024
FDI Inflows (% GDP) 4.27% 3.95% 2024
Imports €8.1B €10.3B Aug'25
Imports (% GDP) 44.66% 46.36% 2024
Net Trade (Goods & Services, BoP) $7.26B $4.32B 2024
Tariff Rate 1.95% 2.24% 2022