Gross domestic product (GDP) in Portugal
Portugal: Gross domestic product (GDP) was 382.11 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
382.11 billion international-$ in 2021 prices
Change on year
up 2.5%
World rank
56th
of 184 countries
All-time high
382.11 billion international-$ in 2021 prices
in 2023
All-time low
26.79 billion international-$ in 2021 prices
in 1950
Years of data
74
1950–2023
Gross domestic product (GDP) in Portugal, 1950–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, gross domestic product (gdp) in Portugal stood at 382.11 billion international-$ in 2021 prices. That is the highest value across all 74 years on record.
That represents a change of up 2.5% on the previous year and up 21.5% over ten years.
Over the whole period, gross domestic product (gdp) in Portugal peaked at 382.11 billion international-$ in 2021 prices in 2023 and was at its lowest, 26.79 billion international-$ in 2021 prices, in 1950.
That places Portugal 56th out of 184 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Portugal, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 26.79 billion international-$ in 2021 prices | — |
| 1951 | 29.87 billion international-$ in 2021 prices | +11.5% |
| 1952 | 31.08 billion international-$ in 2021 prices | +4.1% |
| 1953 | 32.64 billion international-$ in 2021 prices | +5.0% |
| 1954 | 34.05 billion international-$ in 2021 prices | +4.3% |
| 1955 | 35.34 billion international-$ in 2021 prices | +3.8% |
| 1956 | 36.93 billion international-$ in 2021 prices | +4.5% |
| 1957 | 38.50 billion international-$ in 2021 prices | +4.3% |
| 1958 | 38.84 billion international-$ in 2021 prices | +0.9% |
| 1959 | 41.07 billion international-$ in 2021 prices | +5.7% |
| 1960 | 43.96 billion international-$ in 2021 prices | +7.0% |
| 1961 | 46.37 billion international-$ in 2021 prices | +5.5% |
| 1962 | 49.62 billion international-$ in 2021 prices | +7.0% |
| 1963 | 52.50 billion international-$ in 2021 prices | +5.8% |
| 1964 | 54.55 billion international-$ in 2021 prices | +3.9% |
| 1965 | 58.33 billion international-$ in 2021 prices | +6.9% |
| 1966 | 59.78 billion international-$ in 2021 prices | +2.5% |
| 1967 | 64.32 billion international-$ in 2021 prices | +7.6% |
| 1968 | 73.13 billion international-$ in 2021 prices | +13.7% |
| 1969 | 75.36 billion international-$ in 2021 prices | +3.0% |
| 1970 | 80.78 billion international-$ in 2021 prices | +7.2% |
| 1971 | 87.00 billion international-$ in 2021 prices | +7.7% |
| 1972 | 93.84 billion international-$ in 2021 prices | +7.9% |
| 1973 | 104.00 billion international-$ in 2021 prices | +10.8% |
| 1974 | 105.96 billion international-$ in 2021 prices | +1.9% |
| 1975 | 100.87 billion international-$ in 2021 prices | -4.8% |
| 1976 | 106.91 billion international-$ in 2021 prices | +6.0% |
| 1977 | 112.69 billion international-$ in 2021 prices | +5.4% |
| 1978 | 115.36 billion international-$ in 2021 prices | +2.4% |
| 1979 | 121.06 billion international-$ in 2021 prices | +4.9% |
| 1980 | 125.65 billion international-$ in 2021 prices | +3.8% |
| 1981 | 124.56 billion international-$ in 2021 prices | -0.9% |
| 1982 | 124.92 billion international-$ in 2021 prices | +0.3% |
| 1983 | 122.16 billion international-$ in 2021 prices | -2.2% |
| 1984 | 117.71 billion international-$ in 2021 prices | -3.6% |
| 1985 | 119.52 billion international-$ in 2021 prices | +1.5% |
| 1986 | 130.88 billion international-$ in 2021 prices | +9.5% |
| 1987 | 140.81 billion international-$ in 2021 prices | +7.6% |
| 1988 | 151.97 billion international-$ in 2021 prices | +7.9% |
| 1989 | 161.83 billion international-$ in 2021 prices | +6.5% |
| 1990 | 171.36 billion international-$ in 2021 prices | +5.9% |
| 1991 | 178.61 billion international-$ in 2021 prices | +4.2% |
| 1992 | 183.95 billion international-$ in 2021 prices | +3.0% |
| 1993 | 188.31 billion international-$ in 2021 prices | +2.4% |
| 1994 | 199.70 billion international-$ in 2021 prices | +6.1% |
| 1995 | 206.83 billion international-$ in 2021 prices | +3.6% |
| 1996 | 212.45 billion international-$ in 2021 prices | +2.7% |
| 1997 | 229.18 billion international-$ in 2021 prices | +7.9% |
| 1998 | 239.43 billion international-$ in 2021 prices | +4.5% |
| 1999 | 254.61 billion international-$ in 2021 prices | +6.3% |
| 2000 | 270.45 billion international-$ in 2021 prices | +6.2% |
| 2001 | 273.57 billion international-$ in 2021 prices | +1.2% |
| 2002 | 275.75 billion international-$ in 2021 prices | +0.8% |
| 2003 | 271.06 billion international-$ in 2021 prices | -1.7% |
| 2004 | 267.85 billion international-$ in 2021 prices | -1.2% |
| 2005 | 295.07 billion international-$ in 2021 prices | +10.2% |
| 2006 | 305.52 billion international-$ in 2021 prices | +3.5% |
| 2007 | 319.43 billion international-$ in 2021 prices | +4.6% |
| 2008 | 318.15 billion international-$ in 2021 prices | -0.4% |
| 2009 | 319.16 billion international-$ in 2021 prices | +0.3% |
| 2010 | 329.69 billion international-$ in 2021 prices | +3.3% |
| 2011 | 330.36 billion international-$ in 2021 prices | +0.2% |
| 2012 | 329.17 billion international-$ in 2021 prices | -0.4% |
| 2013 | 314.56 billion international-$ in 2021 prices | -4.4% |
| 2014 | 315.92 billion international-$ in 2021 prices | +0.4% |
| 2015 | 323.69 billion international-$ in 2021 prices | +2.5% |
| 2016 | 332.63 billion international-$ in 2021 prices | +2.8% |
| 2017 | 340.57 billion international-$ in 2021 prices | +2.4% |
| 2018 | 341.43 billion international-$ in 2021 prices | +0.3% |
| 2019 | 365.60 billion international-$ in 2021 prices | +7.1% |
| 2020 | 335.42 billion international-$ in 2021 prices | -8.3% |
| 2021 | 347.46 billion international-$ in 2021 prices | +3.6% |
| 2022 | 372.80 billion international-$ in 2021 prices | +7.3% |
| 2023 | 382.11 billion international-$ in 2021 prices | +2.5% |
Portugal compared with similar countries
- Portugal's 382.11 billion international-$ in 2021 prices is above the median for high income countries, which is 277.84 billion international-$ in 2021 prices, 1.4× the median. (66 countries reporting)
- Portugal's 382.11 billion international-$ in 2021 prices is above the median for Europe & Central Asia, which is 314.74 billion international-$ in 2021 prices, 1.2× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 34.51 billion international-$ in 2021 prices | 26.79 billion international-$ in 2021 prices | 41.07 billion international-$ in 2021 prices | 10 |
| 1960s | 57.79 billion international-$ in 2021 prices | 43.96 billion international-$ in 2021 prices | 75.36 billion international-$ in 2021 prices | 10 |
| 1970s | 102.85 billion international-$ in 2021 prices | 80.78 billion international-$ in 2021 prices | 121.06 billion international-$ in 2021 prices | 10 |
| 1980s | 132.00 billion international-$ in 2021 prices | 117.71 billion international-$ in 2021 prices | 161.83 billion international-$ in 2021 prices | 10 |
| 1990s | 206.44 billion international-$ in 2021 prices | 171.36 billion international-$ in 2021 prices | 254.61 billion international-$ in 2021 prices | 10 |
| 2000s | 291.60 billion international-$ in 2021 prices | 267.85 billion international-$ in 2021 prices | 319.43 billion international-$ in 2021 prices | 10 |
| 2010s | 332.36 billion international-$ in 2021 prices | 314.56 billion international-$ in 2021 prices | 365.60 billion international-$ in 2021 prices | 10 |
| 2020s | 359.45 billion international-$ in 2021 prices | 335.42 billion international-$ in 2021 prices | 382.11 billion international-$ in 2021 prices | 4 |
Countries ranked near Portugal
- 53 Ethiopia 406.07 billion international-$ in 2021 prices compare
- 54 Myanmar 396.32 billion international-$ in 2021 prices compare
- 55 Denmark 392.00 billion international-$ in 2021 prices compare
- 57 Greece 351.55 billion international-$ in 2021 prices compare
- 58 Uzbekistan 349.17 billion international-$ in 2021 prices compare
- 59 Qatar 347.97 billion international-$ in 2021 prices compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 6.84 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0218 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 639.78 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 13.49 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 16.41 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.043 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,261 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 62.23 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Portugal?
- Gross domestic product (gdp) in Portugal was 382.11 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Portugal?
- The highest recorded value was 382.11 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Portugal?
- The lowest recorded value was 26.79 billion international-$ in 2021 prices in 1950.
- How does Portugal rank for gross domestic product (gdp)?
- Portugal ranks 56th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Portugal?
- Over the last ten years it is up 21.5%. The long-run trend across the full record is volatile.
- Where does this Portugal data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 74 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.