Gross Domestic Product — Value US$ in Portugal
Portugal: Gross Domestic Product — Value US$ was 308,062 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Portugal, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$ in Portugal is 308,062 million USD, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 6.6% on the previous year and up 33.9% over ten years.
Over the whole period, gross domestic product — value us$ in Portugal peaked at 308,062 million USD in 2024 and was at its lowest, 8,108 million USD, in 1970.
That places Portugal 44th out of 203 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Portugal, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 8,108 million USD | — |
| 1971 | 9,204 million USD | +13.5% |
| 1972 | 11,236 million USD | +22.1% |
| 1973 | 15,093 million USD | +34.3% |
| 1974 | 17,508 million USD | +16.0% |
| 1975 | 19,354 million USD | +10.5% |
| 1976 | 20,335 million USD | +5.1% |
| 1977 | 21,437 million USD | +5.4% |
| 1978 | 23,492 million USD | +9.6% |
| 1979 | 26,620 million USD | +13.3% |
| 1980 | 32,895 million USD | +23.6% |
| 1981 | 31,978 million USD | -2.8% |
| 1982 | 30,527 million USD | -4.5% |
| 1983 | 27,241 million USD | -10.8% |
| 1984 | 25,218 million USD | -7.4% |
| 1985 | 27,115 million USD | +7.5% |
| 1986 | 38,744 million USD | +42.9% |
| 1987 | 48,182 million USD | +24.4% |
| 1988 | 56,344 million USD | +16.9% |
| 1989 | 60,594 million USD | +7.5% |
| 1990 | 78,718 million USD | +29.9% |
| 1991 | 89,237 million USD | +13.4% |
| 1992 | 107,597 million USD | +20.6% |
| 1993 | 95,014 million USD | -11.7% |
| 1994 | 99,692 million USD | +4.9% |
| 1995 | 118,120 million USD | +18.5% |
| 1996 | 122,636 million USD | +3.8% |
| 1997 | 117,023 million USD | -4.6% |
| 1998 | 123,952 million USD | +5.9% |
| 1999 | 127,470 million USD | +2.8% |
| 2000 | 118,605 million USD | -7.0% |
| 2001 | 121,604 million USD | +2.5% |
| 2002 | 134,796 million USD | +10.8% |
| 2003 | 165,226 million USD | +22.6% |
| 2004 | 189,382 million USD | +14.6% |
| 2005 | 197,254 million USD | +4.2% |
| 2006 | 208,756 million USD | +5.8% |
| 2007 | 240,496 million USD | +15.2% |
| 2008 | 263,416 million USD | +9.5% |
| 2009 | 244,668 million USD | -7.1% |
| 2010 | 238,444 million USD | -2.5% |
| 2011 | 245,427 million USD | +2.9% |
| 2012 | 216,537 million USD | -11.8% |
| 2013 | 226,677 million USD | +4.7% |
| 2014 | 230,079 million USD | +1.5% |
| 2015 | 199,039 million USD | -13.5% |
| 2016 | 206,305 million USD | +3.7% |
| 2017 | 220,863 million USD | +7.1% |
| 2018 | 242,093 million USD | +9.6% |
| 2019 | 240,116 million USD | -0.8% |
| 2020 | 229,619 million USD | -4.4% |
| 2021 | 256,056 million USD | +11.5% |
| 2022 | 256,899 million USD | +0.3% |
| 2023 | 289,114 million USD | +12.5% |
| 2024 | 308,062 million USD | +6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17,239 million USD | 8,108 million USD | 26,620 million USD | 10 |
| 1980s | 37,884 million USD | 25,218 million USD | 60,594 million USD | 10 |
| 1990s | 107,946 million USD | 78,718 million USD | 127,470 million USD | 10 |
| 2000s | 188,420 million USD | 118,605 million USD | 263,416 million USD | 10 |
| 2010s | 226,558 million USD | 199,039 million USD | 245,427 million USD | 10 |
| 2020s | 267,950 million USD | 229,619 million USD | 308,062 million USD | 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)
- GDP (constant 2015 US$), annual growth rate 1.86 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.7123 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 22,851 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 1.86 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.7031 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 22,556 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 8.71 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2195 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Portugal?
- Gross domestic product — value us$ in Portugal was 308,062 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Portugal?
- The highest recorded value was 308,062 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Portugal?
- The lowest recorded value was 8,108 million USD in 1970.
- How does Portugal rank for gross domestic product — value us$?
- Portugal ranks 44th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Portugal?
- Over the last ten years it is up 33.9%. 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 US$. Statizoid updates them automatically from the source API.
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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).