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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 2019 was between 59.3 bn and 305.6 bn USD. The hightest level within the past 21 years was reached in 2014. However, the liabilities in 2019 have been only 279.86 bn USD

Based on the number of inhabitants, this is in Portugal a debt of 27,252 USD per person. For comparison: The average debt per person in the same year in the European Union was 32,667 USD.


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Gross debt of the last 21 years in billion USD




JahrPortugal totalPortugal per capitaEU per capita
199861.68 bn USD6,070 USD12,387 USD
199962.52 bn USD6,118 USD12,342 USD
200059.26 bn USD5,759 USD10,778 USD
200164.78 bn USD6,251 USD10,717 USD
200275.51 bn USD7,247 USD11,593 USD
200396.40 bn USD9,217 USD14,402 USD
2004117.49 bn USD11,207 USD16,970 USD
2005133.02 bn USD12,664 USD17,846 USD
2006144.40 bn USD13,723 USD18,591 USD
2007164.58 bn USD15,611 USD20,509 USD
2008199.26 bn USD18,873 USD23,520 USD
2009214.82 bn USD20,327 USD25,266 USD
2010238.62 bn USD22,569 USD30,683 USD
2011280.43 bn USD26,562 USD34,278 USD
2012279.01 bn USD26,535 USD33,161 USD
2013297.60 bn USD28,458 USD35,247 USD
2014305.63 bn USD29,385 USD36,694 USD
2015261.56 bn USD25,252 USD31,489 USD
2016271.46 bn USD26,291 USD31,202 USD
2017279.23 bn USD27,109 USD32,056 USD
2018294.38 bn USD28,626 USD33,826 USD
2019279.86 bn USD27,252 USD32,667 USD


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 balance in Portugal in the period between 1998 and 2019 varied between -27.14 bn Euro and +198.15 m Euro. In 2019 was reached a balance of 198.15 m Euro.

In ratio to population, this equals a surplus of 19 Euro per capita in Portugal. For comparison, the average debt per capita in the European Union was in the same year at 332 Euro.


Budget deficit and surplus in the last 21 years

JahrPortugal totalPortugal per capitaEU per capita
1998-3,999.96 M USD-394 USD-350 USD
1999-3,369.53 M USD-330 USD-180 USD
2000-3,842.73 M USD-373 USD98 USD
2001-5,732.20 M USD-553 USD-263 USD
2002-4,498.41 M USD-432 USD-496 USD
2003-5,966.40 M USD-570 USD-738 USD
2004-11,740.80 M USD-1,120 USD-808 USD
2005-12,225.27 M USD-1,164 USD-722 USD
2006-9,033.41 M USD-859 USD-499 USD
2007-7,235.42 M USD-686 USD-315 USD
2008-9,745.67 M USD-923 USD-951 USD
2009-24,155.29 M USD-2,286 USD-2,252 USD
2010-27,140.66 M USD-2,567 USD-2,486 USD
2011-18,784.48 M USD-1,779 USD-1,907 USD
2012-13,362.31 M USD-1,271 USD-1,689 USD
2013-11,558.19 M USD-1,105 USD-1,354 USD
2014-16,911.67 M USD-1,626 USD-1,226 USD
2015-8,870.45 M USD-856 USD-871 USD
2016-3,994.36 M USD-387 USD-620 USD
2017-6,543.45 M USD-635 USD-406 USD
2018-845.71 M USD-82 USD-288 USD
2019198.15 M USD19 USD-332 USD


(negative numbers = deficit)