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. On the other hand 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 2018 was between 55.5 billion and 244.9 billion Euro. The highest level of the last years at 244.91 billion Euro was reached in 2018.

Based on the number of inhabitants, this is in Portugal a debt of 23,819 Euro per person. For comparison: The average debt per person in the same year in the European Union was 24,776 Euro.


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Gross debt of the past 20 years in billion Euro




JahrPortugal totalEuropean Union totalPortugal per capitaEuropean Union per capita
199855.49 bn €542.28 bn €5,461 €11,144 €
199958.66 bn €564.55 bn €5,741 €11,580 €
200064.16 bn €569.72 bn €6,235 €11,669 €
200172.33 bn €585.17 bn €6,980 €11,966 €
200279.85 bn €601.06 bn €7,664 €12,260 €
200385.22 bn €626.46 bn €8,148 €12,731 €
200494.45 bn €673.97 bn €9,009 €13,642 €
2005106.92 bn €711.45 bn €10,180 €14,344 €
2006115.00 bn €737.12 bn €10,929 €14,806 €
2007120.09 bn €747.91 bn €11,390 €14,964 €
2008128.19 bn €794.75 bn €12,141 €15,842 €
2009146.69 bn €903.82 bn €13,880 €17,962 €
2010173.06 bn €1,014.27 bn €16,368 €20,112 €
2011196.23 bn €1,078.12 bn €18,587 €21,391 €
2012212.56 bn €1,132.19 bn €20,215 €22,415 €
2013219.71 bn €1,167.12 bn €21,011 €23,038 €
2014226.04 bn €1,218.04 bn €21,732 €23,968 €
2015231.51 bn €1,254.07 bn €22,351 €24,603 €
2016240.96 bn €1,247.85 bn €23,337 €24,409 €
2017242.80 bn €1,257.98 bn €23,573 €24,561 €
2018244.91 bn €1,271.52 bn €23,819 €24,776 €


Comparison of the gross debt per capita with the European Union in Euro



      Portugal       European Union


Budget deficit in Portugal

The 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 insurances, 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 - it is less, it is called deficit.

The budget deficit in Portugal in the period between 1998 and 2018 varied between 912.80 million Euro and 20.10 billion Euro. In 2018 was reached a balance of -913 million Euro.

In ratio to population, this equals a new indebtedness of 89 Euro per capita in Portugal only in 2018. For comparison, the average debt per capita in the European Union was in the same year at 193 Euro.


Budget deficit of the past 20 years

JahrPortugal totalEuropean Union totalPortugal per capitaEuropean Union per capita
1998-3,598.70 M €-153,235.20 M €-354 €-315 €
1999-3,161.50 M €-82,111.40 M €-309 €-168 €
2000-4,160.60 M €52,063.70 M €-404 €107 €
2001-6,400.40 M €-143,516.40 M €-618 €-293 €
2002-4,757.20 M €-257,294.80 M €-457 €-525 €
2003-5,274.40 M €-321,165.40 M €-504 €-653 €
2004-9,438.70 M €-320,906.80 M €-900 €-650 €
2005-9,826.60 M €-287,691.80 M €-936 €-580 €
2006-7,194.50 M €-197,732.10 M €-684 €-397 €
2007-5,279.40 M €-115,054.90 M €-501 €-230 €
2008-6,735.70 M €-325,538.70 M €-638 €-649 €
2009-17,203.60 M €-813,104.20 M €-1,628 €-1,616 €
2010-20,100.20 M €-821,133.70 M €-1,901 €-1,628 €
2011-13,006.10 M €-603,657.60 M €-1,232 €-1,198 €
2012-9,529.10 M €-574,221.10 M €-906 €-1,137 €
2013-8,245.20 M €-450,901.20 M €-788 €-890 €
2014-12,402.30 M €-406,190.30 M €-1,192 €-799 €
2015-7,917.80 M €-346,320.20 M €-764 €-679 €
2016-3,674.20 M €-248,752.40 M €-356 €-487 €
2017-5,766.10 M €-154,012.00 M €-560 €-301 €
2018-912.80 M €-99,201.10 M €-89 €-193 €

(negative numbers = deficit)