Portugal GDP (2026): History, Growth Rate & Projections

Nominal Gross Domestic Product (GDP) of Portugal is $380.64 billion as of 2026, according to the International Monetary Fund (IMF). The GDP growth rate in 2026 is 1.9%. GDP per capita is $35,434.

Portugal GDP Trend

Nominal GDP of Portugal has grown from $32.61 billion in 1980 to $380.64 billion in 2026.

Portugal GDP Growth Rate (%)

This chart shows the year-over-year real GDP growth rate of Portugal. Hover any bar to see the exact value for that year.

Average Growth

2.17%

Best Year

1990 (+7.9%)

Worst Year

2020 (-8.2%)

Years of Contraction

8 of 47

GDP per capita in Portugal rose from $32,166 in 2025 to $35,434 in 2026, an increase of 10.2%.

"Portugal GDP", "Portugal gross domestic product", and "Portugal economy size" all refer to the same nominal GDP figure.

Gross Domestic Product (GDP) of Portugal

The table below shows nominal and PPP GDP, growth rate, and GDP per capita for Portugal for every year IMF has published data, from 1980 to 2026. Click any column header to sort, or search by year.

Portugal nominal GDP by year
Year	GDP Nominal (Current USD)	GDP Growth	GDP per capita	Pop. Change
2026	$380,637,000,000	1.9%	$35,434	-0.26%
2025	$346,412,000,000	1.9%	$32,166	0.7%
2024	$313,562,000,000	2.2%	$29,320	1.11%
2023	$292,408,000,000	3.1%	$27,643	1.04%
2022	$257,101,000,000	7%	$24,559	0.59%
2021	$256,226,000,000	5.6%	$24,619	0.22%
2020	$229,435,000,000	-8.2%	$22,093	0.3%
2019	$240,142,000,000	2.7%	$23,192	0.18%
2018	$242,203,000,000	2.9%	$23,436	-0.05%
2017	$220,785,000,000	3.3%	$21,352	-0.16%
2016	$206,249,000,000	2%	$19,915	-0.24%
2015	$199,059,000,000	1.6%	$19,174	-0.36%
2014	$230,138,000,000	0.7%	$22,087	-0.52%
2013	$226,681,000,000	-1%	$21,642	-0.54%
2012	$216,674,000,000	-4.1%	$20,574	-0.42%
2011	$245,383,000,000	-1.7%	$23,205	0.02%
2010	$238,639,000,000	1.7%	$22,570	0.05%
2009	$244,402,000,000	-3.1%	$23,126	0.09%
2008	$263,388,000,000	0.3%	$24,946	0.14%
2007	$240,524,000,000	2.5%	$22,814	0.2%
2006	$208,767,000,000	1.6%	$19,841	0.18%
2005	$197,363,000,000	0.8%	$18,791	0.18%
2004	$189,296,000,000	1.8%	$18,056	0.24%
2003	$165,185,000,000	-0.9%	$15,794	0.37%
2002	$134,700,000,000	0.8%	$12,928	0.55%
2001	$121,605,000,000	1.9%	$11,735	0.71%
2000	$118,658,000,000	3.8%	$11,532	0.7%
1999	$127,597,000,000	3.9%	$12,488	0.57%
1998	$124,124,000,000	4.8%	$12,217	0.5%
1997	$117,211,000,000	4.4%	$11,595	0.45%
1996	$122,655,000,000	3.5%	$12,188	0.38%
1995	$118,182,000,000	2.3%	$11,787	0.34%
1994	$99,692,000,000	1.5%	$9,978	0.27%
1993	$95,139,000,000	-0.7%	$9,548	0.13%
1992	$108,119,000,000	3.1%	$10,864	-0.08%
1991	$89,904,000,000	3.4%	$9,026	-0.23%
1990	$79,439,000,000	7.9%	$7,957	-0.22%
1989	$59,806,000,000	6.6%	$5,978	-0.15%
1988	$55,435,000,000	5.3%	$5,533	-0.1%
1987	$47,386,000,000	7.6%	$4,725	-0.03%
1986	$37,869,000,000	3.3%	$3,775	0.09%
1985	$27,231,000,000	1.6%	$2,717	0.28%
1984	$25,951,000,000	-1%	$2,596	0.38%
1983	$28,267,000,000	1%	$2,839	0.46%
1982	$30,678,000,000	2.2%	$3,095	0.62%
1981	$32,477,000,000	3.5%	$3,297	0.87%
1980	$32,607,000,000	6.7%	$3,339	—

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Portugal GDP Projections (IMF)

IMF projects nominal GDP for Portugal through 2031, based on current growth and inflation assumptions.

Portugal nominal GDP by year
Year	GDP Nominal (Current USD)	GDP Growth	GDP per capita	Pop. Change
2031	$461,165,000,000	1.6%	$43,408	-0.2%
2030	$444,873,000,000	1.6%	$41,791	-0.21%
2029	$428,894,000,000	1.7%	$40,209	-0.2%
2028	$412,482,000,000	1.8%	$38,593	-0.25%
2027	$396,349,000,000	1.8%	$36,990	-0.25%

Compare Portugal to Nearby-Ranked Economies

Portugal ranks #47 in the world by nominal GDP. See how it compares to the economies ranked just above and below it.

#46Peru GDP #48Nigeria GDP

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Frequently Asked Questions

What is the GDP of Portugal?

The nominal GDP of Portugal in 2026 is $380.64 billion, according to the IMF World Economic Outlook (April 2026). This ranks Portugal 47th in the world by nominal GDP.

What is the GDP growth rate of Portugal?

The GDP growth rate of Portugal in 2026 is 1.9%, per IMF estimates.

What is the GDP per capita of Portugal?

GDP per capita in Portugal in 2026 is $35,434, per IMF data.

Is the GDP of Portugal expected to grow?

IMF projects the nominal GDP of Portugal to reach $461.17 billion by 2031, up from $380.64 billion in 2026.

Sources: IMF, World Economic Outlook (April 2026).

Disclaimer: GDP figures are IMF World Economic Outlook (April 2026) estimates and projections, subject to revision in future WEO releases. This page is for informational purposes only and is not investment or economic advice.