Government gross debt in Portugal

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: 85.6% 2027: 82.2% 2028: 79.3% 2029: 77.0% 2030: 75.5% 2031: 74.4%

55.4 (1999) ANUAL · % of GDP · Annual · CSV

Period	% of GDP
Jan 1999	55.4
Jan 1998	55.6
Jan 1997	58.7
Jan 1996	63.3
Jan 1995	62.2
Jan 1994	60.4
Jan 1993	57.2
Jan 1992	58.1
Jan 1991	63.9
Jan 1990	60.2

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually (with quarterly advance estimates in some economies), subject to revision with the national accounts.

What it is

Measures the total gross debt owed by Portugal's general government to its creditors. Compiled by Banco de Portugal and Statistics Portugal (INE) together with Eurostat under the Maastricht definition, it is reported in absolute terms and as a share of GDP.

How it's calculated

Compiled under the Excessive Deficit Procedure (EDP debt) by summing debt securities, loans and currency and deposits at nominal value, consolidated across subsectors. Eurostat publishes the debt-to-GDP ratio on a quarterly and annual basis.

Market implications

Portugal, with one of the highest debt ratios in the euro area, watches its reduction closely as a pillar of credibility after the 2011 bailout. The decline has driven rating upgrades and a narrowing of the risk premium over the German bund.

Limitations

It is a low-frequency series subject to revision alongside the national accounts. The ratio depends on nominal GDP, so much of the recent reduction reflects inflation and growth rather than net debt repayment.