household debts in Portugal

Gross debt in Portugal

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Portugal in the period from 1998 to 2022 was between 61.7 billion and 318.4 billion USD. The hightest level within the past 24 years was reached in 2021. However, the liabilities in 2022 have been only 287 billion USD The budget deficit in the same year was 994.5 million USD.

Based on the number of inhabitants, this is a debt of 27,799 USD per person. For comparison, the average debt per person in the same year in the European Union was 31,253 USD.

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Gross debt of the last 24 years in billion USD

YearPortugal totalPortugal per capitaEU per capita
199861.68 bn USD6,070 USD14,079 USD
199962.52 bn USD6,118 USD14,032 USD
200064.27 bn USD6,246 USD11,241 USD
200169.77 bn USD6,733 USD11,263 USD
200280.94 bn USD7,768 USD12,266 USD
2003105.58 bn USD10,095 USD15,295 USD
2004127.07 bn USD12,121 USD17,606 USD
2005142.52 bn USD13,569 USD18,337 USD
2006153.81 bn USD14,618 USD18,887 USD
2007174.91 bn USD16,590 USD20,910 USD
2008199.26 bn USD18,873 USD24,100 USD
2009214.82 bn USD20,327 USD25,376 USD
2010238.62 bn USD22,569 USD26,515 USD
2011280.43 bn USD26,562 USD29,254 USD
2012279.01 bn USD26,535 USD28,198 USD
2013297.60 bn USD28,458 USD30,008 USD
2014305.63 bn USD29,385 USD30,677 USD
2015261.56 bn USD25,252 USD25,944 USD
2016271.46 bn USD26,291 USD26,287 USD
2017279.23 bn USD27,109 USD27,108 USD
2018294.38 bn USD28,625 USD28,543 USD
2019279.85 bn USD27,206 USD27,264 USD
2020308.96 bn USD30,005 USD30,919 USD
2021318.44 bn USD30,841 USD33,827 USD
2022287.03 bn USD27,799 USD31,253 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Portugal       European Union

Budget deficit in Portugal

household debts in PortugalThe budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurance, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money than at at the beginning, it is a surplus. If it is less, it is called a deficit.

The budget balance in Portugal in the period between 1998 and 2022 varied between -27.14 billion euros and +276.74 million euros. In 2022, Portugal reached a balance of -994.45 million euros.

In ratio to population, this equals a new indebtedness of 96 euros per capita in Portugal in 2022. For comparison, the average debt per capita in the European Union in the same year was 1,254 euros.

Budget deficit and surplus in the last 24 years

YearPortugal totalPortugal per capitaEU per capita
1998-3,999.96 M USD-394 USD-398 USD
1999-3,369.53 M USD-330 USD-204 USD
2000-3,842.73 M USD-373 USD112 USD
2001-5,732.20 M USD-553 USD-299 USD
2002-4,498.41 M USD-432 USD-565 USD
2003-5,966.40 M USD-570 USD-840 USD
2004-11,740.80 M USD-1,120 USD-920 USD
2005-12,225.27 M USD-1,164 USD-822 USD
2006-9,033.41 M USD-859 USD-568 USD
2007-7,235.42 M USD-686 USD-360 USD
2008-9,745.67 M USD-923 USD-1,085 USD
2009-24,155.29 M USD-2,286 USD-2,021 USD
2010-27,140.66 M USD-2,567 USD-1,970 USD
2011-18,784.48 M USD-1,779 USD-1,463 USD
2012-13,362.31 M USD-1,271 USD-1,220 USD
2013-11,558.19 M USD-1,105 USD-1,027 USD
2014-16,911.67 M USD-1,626 USD-851 USD
2015-8,870.45 M USD-856 USD-574 USD
2016-3,994.36 M USD-387 USD-421 USD
2017-6,543.45 M USD-635 USD-263 USD
2018-845.71 M USD-82 USD-134 USD
2019276.74 M USD27 USD-191 USD
2020-13,328.33 M USD-1,294 USD-2,317 USD
2021-7,351.07 M USD-712 USD-1,852 USD
2022-994.45 M USD-96 USD-1,254 USD

(negative numbers = deficit)
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