
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
Year | Portugal total | Portugal per capita | EU per capita |
---|---|---|---|
1998 | 61.68 bn USD | 6,070 USD | 14,079 USD |
1999 | 62.52 bn USD | 6,118 USD | 14,032 USD |
2000 | 64.27 bn USD | 6,246 USD | 11,241 USD |
2001 | 69.77 bn USD | 6,733 USD | 11,263 USD |
2002 | 80.94 bn USD | 7,768 USD | 12,266 USD |
2003 | 105.58 bn USD | 10,095 USD | 15,295 USD |
2004 | 127.07 bn USD | 12,121 USD | 17,606 USD |
2005 | 142.52 bn USD | 13,569 USD | 18,337 USD |
2006 | 153.81 bn USD | 14,618 USD | 18,887 USD |
2007 | 174.91 bn USD | 16,590 USD | 20,910 USD |
2008 | 199.26 bn USD | 18,873 USD | 24,100 USD |
2009 | 214.82 bn USD | 20,327 USD | 25,376 USD |
2010 | 238.62 bn USD | 22,569 USD | 26,515 USD |
2011 | 280.43 bn USD | 26,562 USD | 29,254 USD |
2012 | 279.01 bn USD | 26,535 USD | 28,198 USD |
2013 | 297.60 bn USD | 28,458 USD | 30,008 USD |
2014 | 305.63 bn USD | 29,385 USD | 30,677 USD |
2015 | 261.56 bn USD | 25,252 USD | 25,944 USD |
2016 | 271.46 bn USD | 26,291 USD | 26,287 USD |
2017 | 279.23 bn USD | 27,109 USD | 27,108 USD |
2018 | 294.38 bn USD | 28,625 USD | 28,543 USD |
2019 | 279.85 bn USD | 27,206 USD | 27,264 USD |
2020 | 308.96 bn USD | 30,005 USD | 30,919 USD |
2021 | 318.44 bn USD | 30,841 USD | 33,827 USD |
2022 | 287.03 bn USD | 27,799 USD | 31,253 USD |
Comparison of gross debt per capita with the European Union in U.S. dollars
Budget deficit in Portugal

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
Year | Portugal total | Portugal per capita | EU 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 USD | 112 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 |
2019 | 276.74 M USD | 27 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)