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Macro

Portugal

Europe & Central Asia · High income · IMF WEO April 2026 · World Bank WDI

GDP▲ 10.5%
Current prices2025
346USD bn
GDP per capita▲ 9.7%
Current prices2025
32,166USD
Real GDP growth▼ 0.4 pp
Annual change2025
1.9%
Inflation▼ 0.5 pp
Average consumer prices2025
2.2%
Unemployment▼ 0.4 pp
Rate2025
6.0%
Government debt▼ 3.6 pp
General government, gross2025
89.9% of GDP
Current account▼ 1.0 pp
Balance2025
1.2% of GDP
Population▲ 0.7%
Total2025
10.77million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-8.20.07.01995: 2.3%1996: 3.5%1997: 4.4%1998: 4.8%1999: 3.9%2000: 3.8%2001: 1.9%2002: 0.8%2003: -0.9%2004: 1.8%2005: 0.8%2006: 1.6%2007: 2.5%2008: 0.3%2009: -3.1%2010: 1.7%2011: -1.7%2012: -4.1%2013: -1.0%2014: 0.7%2015: 1.6%2016: 2.0%2017: 3.3%2018: 2.9%2019: 2.7%2020: -8.2%2021: 5.6%2022: 7.0%2023: 3.1%2024: 2.2%2025: 1.9%2026: 1.9% (IMF projection)2027: 1.8% (IMF projection)2028: 1.8% (IMF projection)2029: 1.7% (IMF projection)2030: 1.7% (IMF projection)2031: 1.6% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
-0.90.08.11995: 4.0%1996: 2.9%1997: 1.9%1998: 2.2%1999: 2.2%2000: 2.8%2001: 4.4%2002: 3.7%2003: 3.2%2004: 2.5%2005: 2.1%2006: 3.0%2007: 2.4%2008: 2.6%2009: -0.9%2010: 1.4%2011: 3.6%2012: 2.8%2013: 0.4%2014: -0.2%2015: 0.5%2016: 0.6%2017: 1.6%2018: 1.2%2019: 0.3%2020: -0.1%2021: 0.9%2022: 8.1%2023: 5.3%2024: 2.7%2025: 2.2%2026: 3.1% (IMF projection)2027: 2.3% (IMF projection)2028: 2.4% (IMF projection)2029: 2.2% (IMF projection)2030: 2.0% (IMF projection)2031: 2.0% (IMF projection)IMF projection19952000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %5.67.03.12.21.91.91.81.81.71.7
Inflation, average consumer prices %0.98.15.32.72.23.12.32.42.22.0
Unemployment rate %6.76.26.66.56.05.95.95.85.75.7
GDP, current prices USD bn256257292314346381396412429445
GDP per capita, current prices USD24,61924,55927,64329,31932,16635,43436,99038,59340,20941,791
GDP per capita, PPP Int. USD38,69144,07946,64048,32450,26952,84155,11357,14859,27161,479
General government gross debt % of GDP123.9111.296.993.589.985.682.279.377.075.5
General government net lending/borrowing % of GDP-2.8-0.31.30.50.3-0.1-0.2-0.5-0.9-1.2
Current account balance % of GDP-0.7-2.00.62.21.20.50.70.80.70.6
Population million10.4110.4710.5810.6910.7710.7410.7210.6910.6710.65

Government debt, % of GDP

General government gross debt
0.01342000: 54%2001: 57%2002: 60%2003: 64%2004: 67%2005: 72%2006: 74%2007: 73%2008: 76%2009: 88%2010: 100%2011: 114%2012: 129%2013: 131%2014: 132%2015: 131%2016: 131%2017: 126%2018: 121%2019: 116%2020: 134%2021: 124%2022: 111%2023: 97%2024: 93%2025: 90%2026: 86% (IMF projection)2027: 82% (IMF projection)2028: 79% (IMF projection)2029: 77% (IMF projection)2030: 75% (IMF projection)2031: 74% (IMF projection)IMF projection2000200520102015202020252030

Current account, % of GDP

Balance of payments
-11.80.02.22000: -10.8%2001: -10.4%2002: -8.4%2003: -6.6%2004: -8.0%2005: -9.6%2006: -10.3%2007: -9.6%2008: -11.8%2009: -10.4%2010: -10.3%2011: -6.1%2012: -1.5%2013: 1.5%2014: 0.3%2015: 0.5%2016: 1.4%2017: 1.5%2018: 0.8%2019: 0.8%2020: -0.7%2021: -0.7%2022: -2.0%2023: 0.6%2024: 2.2%2025: 1.2%2026: 0.5% (IMF projection)2027: 0.7% (IMF projection)2028: 0.8% (IMF projection)2029: 0.7% (IMF projection)2030: 0.6% (IMF projection)2031: 0.5% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
19954.824.815.958.5
20052.321.412.663.0
20152.019.612.365.4
20252.018.311.366.6

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method29,930USD2025+46.4%
GNI, Atlas method323USD bn2025+52.7%
Exports of goods and services43.7% of GDP2025+3.0 pp
Imports of goods and services42.7% of GDP2025+2.8 pp
Life expectancy at birth82.4years2024+1.6%
Urban population61.5% of total2025+0.4 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)