Gross Domestic Product — Annual growth Standard Local Currency in Portugal
Portugal: Gross Domestic Product — Annual growth Standard Local Currency was 6.44 % in 2024. ◆ Volatile
Gross Domestic Product — Annual growth Standard Local Currency in Portugal, 1971–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Portugal recorded 6.44 % for gross domestic product — annual growth standard local currency in 2024.
That represents a change of down 32.9% on the previous year and up 338.0% over ten years.
Over the whole period, gross domestic product — annual growth standard local currency in Portugal peaked at 33.48 % in 1977 and was at its lowest, -6.27 %, in 2020.
That places Portugal 108th out of 202 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.
Gross Domestic Product — Annual growth Standard Local Currency in Portugal, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 11.98 % | — |
| 1972 | 16.45 % | +37.3% |
| 1973 | 21.73 % | +32.1% |
| 1974 | 20.22 % | -6.9% |
| 1975 | 11.18 % | -44.7% |
| 1976 | 24.3 % | +117.4% |
| 1977 | 33.48 % | +37.8% |
| 1978 | 25.79 % | -23.0% |
| 1979 | 26.17 % | +1.5% |
| 1980 | 26.45 % | +1.1% |
| 1981 | 19.51 % | -26.2% |
| 1982 | 23.27 % | +19.2% |
| 1983 | 24.39 % | +4.8% |
| 1984 | 22.33 % | -8.4% |
| 1985 | 25.15 % | +12.6% |
| 1986 | 25.44 % | +1.1% |
| 1987 | 17.12 % | -32.7% |
| 1988 | 19.49 % | +13.8% |
| 1989 | 17.63 % | -9.5% |
| 1990 | 17.61 % | -0.1% |
| 1991 | 14.89 % | -15.4% |
| 1992 | 12.66 % | -15.0% |
| 1993 | 5.18 % | -59.1% |
| 1994 | 8.31 % | +60.4% |
| 1995 | 7.86 % | -5.5% |
| 1996 | 5.98 % | -23.9% |
| 1997 | 8.46 % | +41.4% |
| 1998 | 8.82 % | +4.3% |
| 1999 | 7.41 % | -16.0% |
| 2000 | 7.37 % | -0.6% |
| 2001 | 5.73 % | -22.2% |
| 2002 | 4.99 % | -12.9% |
| 2003 | 2.46 % | -50.6% |
| 2004 | 4.23 % | +71.7% |
| 2005 | 4.14 % | -2.1% |
| 2006 | 4.86 % | +17.4% |
| 2007 | 5.55 % | +14.1% |
| 2008 | 2.06 % | -62.8% |
| 2009 | -2.06 % | -199.8% |
| 2010 | 2.53 % | -223.1% |
| 2011 | -1.97 % | -177.7% |
| 2012 | -4.41 % | +124.0% |
| 2013 | 1.27 % | -128.7% |
| 2014 | 1.47 % | +16.0% |
| 2015 | 3.58 % | +143.6% |
| 2016 | 3.9 % | +8.7% |
| 2017 | 4.9 % | +25.7% |
| 2018 | 4.85 % | -0.9% |
| 2019 | 4.63 % | -4.6% |
| 2020 | -6.27 % | -235.5% |
| 2021 | 7.69 % | -222.6% |
| 2022 | 12.69 % | +64.9% |
| 2023 | 9.6 % | -24.3% |
| 2024 | 6.44 % | -32.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.26 % | 11.18 % | 33.48 % | 9 |
| 1980s | 22.08 % | 17.12 % | 26.45 % | 10 |
| 1990s | 9.72 % | 5.18 % | 17.61 % | 10 |
| 2000s | 3.93 % | -2.06 % | 7.37 % | 10 |
| 2010s | 2.08 % | -4.41 % | 4.9 % | 10 |
| 2020s | 6.03 % | -6.27 % | 12.69 % | 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)
- 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 — annual growth standard local currency in Portugal?
- Gross domestic product — annual growth standard local currency in Portugal was 6.44 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — annual growth standard local currency recorded in Portugal?
- The highest recorded value was 33.48 % in 1977.
- What is the lowest gross domestic product — annual growth standard local currency recorded in Portugal?
- The lowest recorded value was -6.27 % in 2020.
- How does Portugal rank for gross domestic product — annual growth standard local currency?
- Portugal ranks 108th out of 202 countries with data for 2024.
- Is gross domestic product — annual growth standard local currency rising or falling in Portugal?
- Over the last ten years it is up 338.0%. The long-run trend across the full record is volatile.
- Where does this Portugal data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Annual growth Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).