Annual GDP growth in Portugal
Portugal: Annual GDP growth was 2.1% in 2024. ◆ Volatile
Latest (2024)
2.1%
Change on year
down 31.0%
World rank
129th
of 196 countries
All-time high
7.0%
in 2022
All-time low
-8.2%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Portugal, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual gdp growth in Portugal stood at 2.1%.
Compared with earlier readings it is down 31.0% on the previous year and up 188.6% over ten years.
Over the whole period, annual gdp growth in Portugal peaked at 7.0% in 2022 and was at its lowest, -8.2%, in 2020.
That places Portugal 129th out of 196 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Portugal, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.8% | — |
| 2001 | 1.9% | -49.1% |
| 2002 | 0.8% | -60.3% |
| 2003 | -0.9% | -220.7% |
| 2004 | 1.8% | -292.2% |
| 2005 | 0.8% | -56.3% |
| 2006 | 1.6% | +107.8% |
| 2007 | 2.5% | +54.2% |
| 2008 | 0.3% | -87.3% |
| 2009 | -3.1% | -1078.0% |
| 2010 | 1.7% | -155.7% |
| 2011 | -1.7% | -198.6% |
| 2012 | -4.1% | +136.4% |
| 2013 | -1.0% | -75.7% |
| 2014 | 0.7% | -175.3% |
| 2015 | 1.6% | +114.4% |
| 2016 | 2.0% | +26.1% |
| 2017 | 3.3% | +65.4% |
| 2018 | 2.9% | -11.1% |
| 2019 | 2.7% | -6.8% |
| 2020 | -8.2% | -398.8% |
| 2021 | 5.6% | -167.8% |
| 2022 | 7.0% | +25.7% |
| 2023 | 3.1% | -55.6% |
| 2024 | 2.1% | -31.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.9% | -3.1% | 3.8% | 10 |
| 2010s | 0.8% | -4.1% | 3.3% | 10 |
| 2020s | 1.9% | -8.2% | 7.0% | 5 |
Countries ranked near Portugal
More economy & growth data for Portugal
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.18 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.9 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.57 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7678 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 24,634 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.73 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6166 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 19,781 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.73 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.6088 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in Portugal?
- Annual gdp growth in Portugal was 2.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Portugal?
- The highest recorded value was 7.0% in 2022.
- What is the lowest annual gdp growth recorded in Portugal?
- The lowest recorded value was -8.2% in 2020.
- How does Portugal rank for annual gdp growth?
- Portugal ranks 129th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Portugal?
- Over the last ten years it is up 188.6%. The long-run trend across the full record is volatile.
- Where does this Portugal data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).