National Debt (% of GDP): Portugal
Portugal's national debt (% of gdp) is currently 86.9% as of 2026. # Portugal National Debt (% of GDP) Portugal's national debt stood at 86.
Current (2026)
86.9%
-4.4% y/y
Peak (2020)
134.1%
Low (2000)
54.2%
Source
IMF World Economic Outlook
1990–2026 · 41 pts
National Debt (% of GDP) — Portugal
1990 — 2026
National Debt (% of GDP) — Portugal
Analysis# Portugal National Debt (% of GDP)
Portugal's national debt stood at 86.9% of GDP in 2026, reflecting a substantial recovery from its peak of 134.1% in 2020 during the pandemic. Since 1990, the debt ratio has increased 44.4 percentage points from a low of 54.2% in 2000, indicating a structural shift in Portugal's fiscal position over three decades. The 2026 level remains elevated compared to pre-crisis baselines but demonstrates a clear downward trajectory.
The most striking turning point occurred between 2020 and 2026, when Portugal reduced its debt ratio by 47.2 percentage points—the fastest improvement in the dataset. This decline accelerated notably after 2021, dropping from 123.9% that year to 86.9% by 2026. Projections suggest continued improvement, positioning Portugal on a sustainable fiscal path toward the early 2000s baseline ratios.
Historical Data
41 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 77.4% | -2.52% |
| 2029 | 79.4% | -2.58% |
| 2028 | 81.5% | -2.86% |
| 2027 | 83.9% | -3.45% |
| 2026 | 86.9% | -4.40% |
| 2025 | 90.9% | -4.21% |
| 2024 | 94.9% | -2.87% |
| 2023 | 97.7% | -12.14% |
| 2022 | 111.2% | -10.25% |
| 2021 | 123.9% | -7.61% |
| 2020 | 134.1% | +15.50% |
| 2019 | 116.1% | -4.13% |
| 2018 | 121.1% | -3.89% |
| 2017 | 126.0% | -3.96% |
| 2016 | 131.2% | +0.15% |
| 2015 | 131.0% | -1.13% |
| 2014 | 132.5% | +1.30% |
| 2013 | 130.8% | +1.71% |
| 2012 | 128.6% | +12.81% |
| 2011 | 114.0% | +13.89% |
Show all 41 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 100.1% | +14.01% |
| 2009 | 87.8% | +16.14% |
| 2008 | 75.6% | +3.99% |
| 2007 | 72.7% | -1.36% |
| 2006 | 73.7% | +2.08% |
| 2005 | 72.2% | +7.60% |
| 2004 | 67.1% | +5.01% |
| 2003 | 63.9% | +6.50% |
| 2002 | 60.0% | +4.53% |
| 2001 | 57.4% | +5.90% |
| 2000 | 54.2% | -2.17% |
| 1999 | 55.4% | -0.36% |
| 1998 | 55.6% | -5.28% |
| 1997 | 58.7% | -7.27% |
| 1996 | 63.3% | +1.77% |
| 1995 | 62.2% | +2.98% |
| 1994 | 60.4% | +5.59% |
| 1993 | 57.2% | -1.55% |
| 1992 | 58.1% | -9.08% |
| 1991 | 63.9% | +6.15% |
| 1990 | 60.2% | — |
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