The gross domestic product (GDP) in current prices in Portugal amounted to about 308.59 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 275.98 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 79.57 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

Historical chart and dataset showing Portugal gdp growth rate by year from 1961 to 2023.

Economic growth, quarterly in Portugal, March, 2025 The most recent value is -0.5 percent as of Q1 2025, a decline compared to the previous value of 1.4 percent. Historically, the average for Portugal from Q2 1995 to Q1 2025 is 0.4 percent. The minimum of -15 percent was recorded in Q2 2020, while the maximum of 14.4 percent was reached in Q3 2020. | TheGlobalEconomy.com

The Gross Domestic Product (GDP) in Portugal was worth 308.68 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Portugal represents 0.29 percent of the world economy. This dataset provides the latest reported value for - Portugal GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Portugal Nominal GDP Growth

• Portugal Nominal GDP Growth was reported at 10.841 % in Dec 2022.
• This records an increase from the previous number of 9.960 % for Sep 2022.
• Portugal Nominal GDP Growth data is updated quarterly, averaging 4.364 % from Mar 1996 to Dec 2022, with 108 observations.
• The data reached an all-time high of 17.035 % in Jun 2021 and a record low of -14.800 % in Jun 2020.
• Portugal Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted: Europe and Central Asia.

Portugal GDP Growth Tracker: Yo2Y: High data was reported at 17.348 % in 23 Apr 2023. This records an increase from the previous number of 14.659 % for 16 Apr 2023. Portugal GDP Growth Tracker: Yo2Y: High data is updated weekly, averaging 3.868 % from May 2020 (Median) to 23 Apr 2023, with 155 observations. The data reached an all-time high of 40.922 % in 03 Apr 2022 and a record low of -10.917 % in 10 May 2020. Portugal GDP Growth Tracker: Yo2Y: High data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Portugal – Table PT.OECD.WT: GDP Growth Tracker: Weekly.

Full Year GDP Growth in Portugal decreased to 1.90 percent in 2024 from 2.50 percent in 2023. This dataset includes a chart with historical data for Portugal Full Year GDP Growth.

In 2020, the number of enterprises in the total business economy, repair of computers, personal and household goods, except financial and insurance activities in Portugal decreased by 14,011 enterprises (-1.51 percent) since 2019. Nevertheless, the last two years in this industry recorded a significant higher number of enterprises than the preceding years.According to Eurostat, this includes all companies that were active during at least a part of the reference period.Find more statistics on the total business economy, repair of computers, personal and household goods, except financial and insurance activities in Portugal with key insights such as turnover, production value, and personnel costs.

Portugal: Economic growth forecast: The latest value from 2030 is 1.65 percent, unchanged from 1.65 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Portugal from 1980 to 2030 is 2.11 percent. The minimum value, -8.21 percent, was reached in 2020 while the maximum of 7.86 percent was recorded in 1990.

The turnover of the total business economy, repair of computers, personal and household goods, except financial and insurance activities in Portugal decreased by 38.8 billion euros (-9.95 percent) since the previous year. Nevertheless, the last two years in this industry recorded a significant higher turnover than the preceding years.Turnover is defined by Eurostat as the total of all sales (excluding VAT) of goods and services carried out by the enterprises of a given sector during the reference period.Find more statistics on the total business economy, repair of computers, personal and household goods, except financial and insurance activities in Portugal with key insights such as number of enterprises, production value, and personnel costs.

Portugal GDP Growth Tracker: Yo2Y data was reported at 13.628 % in 23 Apr 2023. This records an increase from the previous number of 11.749 % for 16 Apr 2023. Portugal GDP Growth Tracker: Yo2Y data is updated weekly, averaging 1.094 % from May 2020 (Median) to 23 Apr 2023, with 155 observations. The data reached an all-time high of 35.050 % in 17 Apr 2022 and a record low of -15.819 % in 10 May 2020. Portugal GDP Growth Tracker: Yo2Y data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Portugal – Table PT.OECD.WT: GDP Growth Tracker: Weekly.

Graph and download economic data for Life Insurance Premium Volume to GDP for Portugal (DDDI09PTA156NWDB) from 1994 to 2020 about premium, Portugal, life, insurance, and GDP.

Graph and download economic data for Gross Portfolio Equity Assets to GDP for Portugal (DDDM09PTA156NWDB) from 1999 to 2020 about Portugal, equity, participation, gross, assets, and GDP.

Portugal experienced a recovery of over 30 percent in the total travel and tourism contribution to its gross domestic product (GDP) in 2021, after a strong drop due to the coronavirus (COVID-19) pandemic. Prior to this crisis, this sector represented over 40 billion U.S. dollars of the Portuguese economy. By 2024, more than 58 billion U.S. dollars were forecasted as contribution to the country's GDP. Tourism spending in Portugal In 2023, Portugal's tourism services generated a sales revenue close to 38.9 billion euros, signalizing the post-pandemic recovery for this sector, which began in the previous year. Furthermore, inbound tourism expenditures in the Iberian country for the same year reached 25 billion euros, representing an increase from the previous year. How many travelers make their way to Portugal each year? From 2022 to 2024, Portugal witnessed a remarkable increase in the number of international overnight visitors, with the figure reaching 56 million in the latter year – more than in 2019. The recovery of the Portuguese tourism sector from the coronavirus (COVID-19) pandemic can also be seen in monthly development. While in 2020 and 2021, the usual influx of foreign guests in Portuguese accommodation establishments during the summer season was affected by the global health crisis, the country saw a return to normality in 2022, with August reaching the annual peak of 1.96 million travelers, which rose to 2.27 million by 2024.

Graph and download economic data for Outstanding Total International Debt Securities to GDP for Portugal (DDDM07PTA156NWDB) from 1982 to 2020 about Portugal, issues, debt, and GDP.

Portugal - Real GDP growth rate was 1.90% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Portugal - Real GDP growth rate - last updated from the EUROSTAT on July of 2025. Historically, Portugal - Real GDP growth rate reached a record high of 7.00% in December of 2022 and a record low of -8.20% in December of 2020.

Unemployment Rate in Portugal remained unchanged at 6.30 percent in May. This dataset provides - Portugal Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

PT: GDP: CL 2020p: swda: FCE: General Government data was reported at 10.234 EUR bn in Dec 2024. This records an increase from the previous number of 10.206 EUR bn for Sep 2024. PT: GDP: CL 2020p: swda: FCE: General Government data is updated quarterly, averaging 9.268 EUR bn from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 10.234 EUR bn in Dec 2024 and a record low of 6.959 EUR bn in Mar 1995. PT: GDP: CL 2020p: swda: FCE: General Government data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Portugal – Table PT.Eurostat: GDP: by Expenditure: ESA 2010: Chain Linked 2020 Price: Seasonally and Working Day Adjusted.

Portugal: Insurance company assets, percent of GDP: The latest value from 2020 is 27.04 percent, an increase from 26.19 percent in 2019. In comparison, the world average is 26.96 percent, based on data from 85 countries. Historically, the average for Portugal from 1995 to 2020 is 24.84 percent. The minimum value, 9.8 percent, was reached in 1995 while the maximum of 33.12 percent was recorded in 2009.

Graph and download economic data for Credit to Government and State-Owned Enterprises to GDP for Portugal (DDEI08PTA156NWDB) from 2001 to 2020 about Portugal, enterprises, credits, government, and GDP.