GDP growth in Portugal
Portugal: GDP growth was 2.14 in 2024. ◆ Volatile
Latest (2024)
2.14
Change on year
down 31.0%
World rank
39th
of 74 countries
All-time high
11.2
in 1973
All-time low
-8.2
in 2020
Years of data
64
1961–2024
GDP growth in Portugal, 1961–2024
Source: UNICEF.
Analysis
Portugal recorded 2.14 for gdp growth in 2024.
That represents a change of down 31.0% on the previous year and up 188.6% over ten years.
Over the whole period, gdp growth in Portugal peaked at 11.2 in 1973 and was at its lowest, -8.2, in 2020.
Portugal ranks 39th of 74 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in Portugal, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | 5.53 | — |
| 1962 | 6.61 | +19.5% |
| 1963 | 5.87 | -11.2% |
| 1964 | 6.31 | +7.4% |
| 1965 | 7.47 | +18.4% |
| 1966 | 4.08 | -45.4% |
| 1967 | 7.54 | +85.0% |
| 1968 | 8.88 | +17.6% |
| 1969 | 2.12 | -76.1% |
| 1970 | 9.11 | +329.7% |
| 1971 | 6.63 | -27.2% |
| 1972 | 8.02 | +20.9% |
| 1973 | 11.2 | +39.7% |
| 1974 | 1.14 | -89.8% |
| 1975 | -4.35 | -480.4% |
| 1976 | 6.9 | -258.7% |
| 1977 | 5.6 | -18.8% |
| 1978 | 2.82 | -49.7% |
| 1979 | 5.64 | +100.2% |
| 1980 | 4.59 | -18.6% |
| 1981 | 1.62 | -64.7% |
| 1982 | 2.14 | +32.0% |
| 1983 | -0.1731 | -108.1% |
| 1984 | -1.88 | +986.0% |
| 1985 | 2.81 | -249.3% |
| 1986 | 4.14 | +47.5% |
| 1987 | 6.38 | +54.1% |
| 1988 | 7.49 | +17.4% |
| 1989 | 6.44 | -14.0% |
| 1990 | 3.95 | -38.7% |
| 1991 | 4.37 | +10.6% |
| 1992 | 1.09 | -75.1% |
| 1993 | -2.04 | -287.5% |
| 1994 | 0.9648 | -147.2% |
| 1995 | 4.28 | +343.9% |
| 1996 | 3.5 | -18.2% |
| 1997 | 4.4 | +25.6% |
| 1998 | 4.81 | +9.3% |
| 1999 | 3.91 | -18.7% |
| 2000 | 3.82 | -2.3% |
| 2001 | 1.94 | -49.1% |
| 2002 | 0.7709 | -60.3% |
| 2003 | -0.9305 | -220.7% |
| 2004 | 1.79 | -292.2% |
| 2005 | 0.7818 | -56.3% |
| 2006 | 1.63 | +107.8% |
| 2007 | 2.51 | +54.2% |
| 2008 | 0.3192 | -87.3% |
| 2009 | -3.12 | -1078.0% |
| 2010 | 1.74 | -155.7% |
| 2011 | -1.71 | -198.6% |
| 2012 | -4.05 | +136.4% |
| 2013 | -0.9841 | -75.7% |
| 2014 | 0.7414 | -175.3% |
| 2015 | 1.59 | +114.4% |
| 2016 | 2 | +26.1% |
| 2017 | 3.31 | +65.4% |
| 2018 | 2.95 | -11.1% |
| 2019 | 2.75 | -6.8% |
| 2020 | -8.2 | -398.8% |
| 2021 | 5.56 | -167.8% |
| 2022 | 6.99 | +25.7% |
| 2023 | 3.1 | -55.6% |
| 2024 | 2.14 | -31.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.05 | 2.12 | 8.88 | 9 |
| 1970s | 5.27 | -4.35 | 11.2 | 10 |
| 1980s | 3.35 | -1.88 | 7.49 | 10 |
| 1990s | 2.92 | -2.04 | 4.81 | 10 |
| 2000s | 0.95 | -3.12 | 3.82 | 10 |
| 2010s | 0.8331 | -4.05 | 3.31 | 10 |
| 2020s | 1.92 | -8.2 | 6.99 | 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 US$), annual growth 10.21 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8677 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 27,836 current US$ per person (2025)
- 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)
Frequently asked questions
- What is gdp growth in Portugal?
- Gdp growth in Portugal was 2.14 in 2024, according to UNICEF.
- What is the highest gdp growth recorded in Portugal?
- The highest recorded value was 11.2 in 1973.
- What is the lowest gdp growth recorded in Portugal?
- The lowest recorded value was -8.2 in 2020.
- How does Portugal rank for gdp growth?
- Portugal ranks 39th out of 74 countries with data for 2024.
- Is 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 UNICEF, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
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