EUROSPENDINGEuro Economics
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Portugal

EU member since 1986 · eurozone since 1999 · capital Lisbon

GDP nominal
306.8B€M
+16981.20 YoY
as of 2025-01
GDP per cap
28,390
+1290.00 YoY
as of 2025-01
Deficit
0.70% GDP
+0.10 YoY
as of 2025-01
Debt
89.70% GDP
-3.80 YoY
as of 2025-01
HICP
2.20%
-0.50 YoY
as of 2025-01
Unemployment
6.00%
-0.50 YoY
as of 2025-01

Fiscal trajectory

Deficit history + debt vs eurozone average

Government deficit / surplus
% of GDP, annual (B.9)
Government debt
% of GDP, vs eurozone average

Government spending — latest year

By COFOG function (% of GDP)

Spending breakdown
latest year (2024)
Total expenditure vs revenue
% of GDP, annual

Macro indicators

Real GDP growth
% YoY, annual
HICP inflation
% YoY, annual average
Unemployment
% of active population

Sovereign borrowing cost

10Y benchmark government bond yield (monthly)

10Y yield

vs. EU peers

Rank against the other 26 EU member states for the latest available period

Debt rank
6/27
debt: 89.7%
Deficit rank
5/27
deficit: 0.7%
GDP per cap
19/27
GDP/cap: €28,390

IMF WEO forecasts

GDP growth — historical + forecast
Solid = actual · dashed = forecast