Trade in services in Portugal
Portugal: Trade in services was 28.9% in 2024. ▲ Rising
Trade in services in Portugal, 1975–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, trade in services in Portugal stood at 28.9%. That is the highest value across all 50 years on record.
The figure is up 0.7% on the previous year and up 41.4% over ten years.
Over the whole period, trade in services in Portugal peaked at 28.9% in 2024 and was at its lowest, 7.3%, in 1976.
Portugal ranks 73rd of 200 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 50 years of available data.
Trade in services in Portugal, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 10.6% | — |
| 1976 | 7.3% | -31.0% |
| 1977 | 7.6% | +3.6% |
| 1978 | 8.2% | +8.1% |
| 1979 | 10.2% | +24.7% |
| 1980 | 10.7% | +5.1% |
| 1981 | 11.2% | +4.5% |
| 1982 | 9.8% | -12.4% |
| 1983 | 10.0% | +2.1% |
| 1984 | 11.5% | +14.6% |
| 1985 | 11.8% | +2.6% |
| 1986 | 10.3% | -12.3% |
| 1987 | 11.0% | +6.7% |
| 1988 | 10.8% | -2.2% |
| 1989 | 10.9% | +1.1% |
| 1990 | 11.6% | +5.8% |
| 1991 | 10.8% | -6.5% |
| 1992 | 9.5% | -12.1% |
| 1993 | 13.1% | +38.0% |
| 1994 | 12.5% | -5.1% |
| 1995 | 12.7% | +2.0% |
| 1996 | 12.0% | -5.8% |
| 1997 | 12.1% | +1.0% |
| 1998 | 13.0% | +7.1% |
| 1999 | 12.5% | -3.8% |
| 2000 | 13.3% | +6.4% |
| 2001 | 12.8% | -3.6% |
| 2002 | 12.5% | -2.3% |
| 2003 | 12.1% | -3.5% |
| 2004 | 12.5% | +3.6% |
| 2005 | 12.5% | -0.3% |
| 2006 | 14.3% | +14.9% |
| 2007 | 15.5% | +8.5% |
| 2008 | 15.9% | +2.6% |
| 2009 | 15.3% | -4.2% |
| 2010 | 15.9% | +4.0% |
| 2011 | 17.4% | +9.9% |
| 2012 | 18.1% | +3.7% |
| 2013 | 19.3% | +6.6% |
| 2014 | 20.4% | +5.9% |
| 2015 | 21.2% | +3.6% |
| 2016 | 21.6% | +2.1% |
| 2017 | 23.6% | +9.0% |
| 2018 | 24.3% | +2.8% |
| 2019 | 25.2% | +4.1% |
| 2020 | 18.4% | -27.0% |
| 2021 | 20.9% | +13.4% |
| 2022 | 27.8% | +33.0% |
| 2023 | 28.7% | +3.2% |
| 2024 | 28.9% | +0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.8% | 7.3% | 10.6% | 5 |
| 1980s | 10.8% | 9.8% | 11.8% | 10 |
| 1990s | 12.0% | 9.5% | 13.1% | 10 |
| 2000s | 13.7% | 12.1% | 15.9% | 10 |
| 2010s | 20.7% | 15.9% | 25.2% | 10 |
| 2020s | 24.9% | 18.4% | 28.9% | 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)
- Households and NPISHs Final consumption expenditure (current LCU) 6.15 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 0.5398 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 17,318 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 3.55 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.4685 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 15,032 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 11.03 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7805 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Portugal?
- Trade in services in Portugal was 28.9% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Portugal?
- The highest recorded value was 28.9% in 2024.
- What is the lowest trade in services recorded in Portugal?
- The lowest recorded value was 7.3% in 1976.
- How does Portugal rank for trade in services?
- Portugal ranks 73rd out of 200 countries with data for 2024.
- Is trade in services rising or falling in Portugal?
- Over the last ten years it is up 41.4%. The long-run trend across the full record is rising.
- Where does this Portugal data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.