Gross Domestic Product — Value Standard Local Currency in Portugal
Portugal: Gross Domestic Product — Value Standard Local Currency was 284,616 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Portugal, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Portugal recorded 284,616 million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 6.4% on the previous year and up 64.3% over ten years.
Over the whole period, gross domestic product — value standard local currency in Portugal peaked at 284,616 million SLC in 2024 and was at its lowest, 1,163 million SLC, in 1970.
That places Portugal 129th out of 218 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 — Value Standard Local Currency in Portugal, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 1,163 million SLC | — |
| 1971 | 1,302 million SLC | +12.0% |
| 1972 | 1,516 million SLC | +16.4% |
| 1973 | 1,846 million SLC | +21.7% |
| 1974 | 2,219 million SLC | +20.2% |
| 1975 | 2,467 million SLC | +11.2% |
| 1976 | 3,066 million SLC | +24.3% |
| 1977 | 4,093 million SLC | +33.5% |
| 1978 | 5,148 million SLC | +25.8% |
| 1979 | 6,496 million SLC | +26.2% |
| 1980 | 8,214 million SLC | +26.5% |
| 1981 | 9,817 million SLC | +19.5% |
| 1982 | 12,101 million SLC | +23.3% |
| 1983 | 15,053 million SLC | +24.4% |
| 1984 | 18,414 million SLC | +22.3% |
| 1985 | 23,046 million SLC | +25.2% |
| 1986 | 28,908 million SLC | +25.4% |
| 1987 | 33,858 million SLC | +17.1% |
| 1988 | 40,457 million SLC | +19.5% |
| 1989 | 47,591 million SLC | +17.6% |
| 1990 | 55,973 million SLC | +17.6% |
| 1991 | 64,311 million SLC | +14.9% |
| 1992 | 72,452 million SLC | +12.7% |
| 1993 | 76,207 million SLC | +5.2% |
| 1994 | 82,542 million SLC | +8.3% |
| 1995 | 89,029 million SLC | +7.9% |
| 1996 | 94,352 million SLC | +6.0% |
| 1997 | 102,331 million SLC | +8.5% |
| 1998 | 111,353 million SLC | +8.8% |
| 1999 | 119,603 million SLC | +7.4% |
| 2000 | 128,414 million SLC | +7.4% |
| 2001 | 135,775 million SLC | +5.7% |
| 2002 | 142,554 million SLC | +5.0% |
| 2003 | 146,068 million SLC | +2.5% |
| 2004 | 152,248 million SLC | +4.2% |
| 2005 | 158,553 million SLC | +4.1% |
| 2006 | 166,260 million SLC | +4.9% |
| 2007 | 175,483 million SLC | +5.5% |
| 2008 | 179,103 million SLC | +2.1% |
| 2009 | 175,416 million SLC | -2.1% |
| 2010 | 179,860 million SLC | +2.5% |
| 2011 | 176,318 million SLC | -2.0% |
| 2012 | 168,539 million SLC | -4.4% |
| 2013 | 170,676 million SLC | +1.3% |
| 2014 | 173,187 million SLC | +1.5% |
| 2015 | 179,393 million SLC | +3.6% |
| 2016 | 186,381 million SLC | +3.9% |
| 2017 | 195,509 million SLC | +4.9% |
| 2018 | 204,998 million SLC | +4.9% |
| 2019 | 214,490 million SLC | +4.6% |
| 2020 | 201,033 million SLC | -6.3% |
| 2021 | 216,494 million SLC | +7.7% |
| 2022 | 243,957 million SLC | +12.7% |
| 2023 | 267,384 million SLC | +9.6% |
| 2024 | 284,616 million SLC | +6.4% |
Portugal compared with similar countries
- Portugal's 284,616 million SLC is above the median for high income countries, which is 257,567 million SLC, 1.1× the median. (72 countries reporting)
- Portugal's 284,616 million SLC is below the median for Europe & Central Asia, which is 507,692 million SLC, 56% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,932 million SLC | 1,163 million SLC | 6,496 million SLC | 10 |
| 1980s | 23,746 million SLC | 8,214 million SLC | 47,591 million SLC | 10 |
| 1990s | 86,815 million SLC | 55,973 million SLC | 119,603 million SLC | 10 |
| 2000s | 155,987 million SLC | 128,414 million SLC | 179,103 million SLC | 10 |
| 2010s | 184,935 million SLC | 168,539 million SLC | 214,490 million SLC | 10 |
| 2020s | 242,697 million SLC | 201,033 million SLC | 284,616 million SLC | 5 |
Countries ranked near Portugal
- 126 Bolivia (Plurinational State of) 343,208 million SLC compare
- 127 Republic of Moldova 320,523 million SLC compare
- 128 Cabo Verde 287,875 million SLC compare
- 130 Finland 277,561 million SLC compare
- 131 Bhutan 271,544 million SLC compare
- 132 Botswana 262,925 million SLC 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 — value standard local currency in Portugal?
- Gross domestic product — value standard local currency in Portugal was 284,616 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Portugal?
- The highest recorded value was 284,616 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Portugal?
- The lowest recorded value was 1,163 million SLC in 1970.
- How does Portugal rank for gross domestic product — value standard local currency?
- Portugal ranks 129th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Portugal?
- Over the last ten years it is up 64.3%. 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 — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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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).