Budget balance — all countries

Budget balance — Portugal

Budget balance in Portugal in 2031 — -1.6%. Ranked 73 in the world out of 188. Since 1986, the indicator has risen by 8.7 pp.

2031 -1.6% −0.4 pp vs 2030
World rank 73of 188
Period maximum 1.3%2023
Period minimum -11.4%2010

Trend over time

1986–2031 · % of GDP

Budget balance — Portugal, 1986–2031-15-10-50519861991199620012006201120162021202620311986: -10.3%1987: -8.5%1988: -4.3%1989: -3.5%1990: -6.8%1991: -7.9%1992: -5.2%1993: -8.1%1994: -7.4%1995: -5.1%1996: -4.6%1997: -3.7%1998: -4.3%1999: -2.9%2000: -3.3%2001: -4.7%2002: -3.7%2003: -5.6%2004: -5.9%2005: -6.1%2006: -4.1%2007: -2.9%2008: -3.8%2009: -9.9%2010: -11.4%2011: -7.7%2012: -6.2%2013: -5.2%2014: -7.3%2015: -4.4%2016: -1.9%2017: -3%2018: -0.4%2019: 0.1%2020: -5.8%2021: -2.8%2022: -0.3%2023: 1.3%2024: 0.5%2025: 0.3%2026: -0.1%2027: -0.2%2028: -0.5%2029: -0.9%2030: -1.2%2031: -1.6%
Change over the period: +8.7 pp Annual average: 0.19 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Portugal

Portugal -1.6%
World computed -4.85%
Europe & Central Asia computed -2.49%
Southern Europe computed -2.33%
High-income countries computed -4.26%
Budget balance — Portugal, by year Portugal All countries CSV XLSX
Year % Change, pp
2031 -1.6 −0.4 pp
2030 -1.2 −0.3 pp
2029 -0.9 −0.4 pp
2028 -0.5 −0.3 pp
2027 -0.2 −0.1 pp
2026 -0.1 −0.4 pp
2025 0.3 −0.2 pp
2024 0.5 −0.8 pp
2023 1.3 +1.6 pp
2022 -0.3 +2.5 pp
2021 -2.8 +3 pp
2020 -5.8 −5.9 pp
2019 0.1 +0.5 pp
2018 -0.4 +2.6 pp
2017 -3 −1.1 pp
2016 -1.9 +2.5 pp
2015 -4.4 +2.9 pp
2014 -7.3 −2.1 pp
2013 -5.2 +1 pp
2012 -6.2 +1.5 pp
2011 -7.7 +3.7 pp
2010 -11.4 −1.5 pp
2009 -9.9 −6.1 pp
2008 -3.8 −0.9 pp
2007 -2.9 +1.2 pp
2006 -4.1 +2 pp
2005 -6.1 −0.2 pp
2004 -5.9 −0.3 pp
2003 -5.6 −1.9 pp
2002 -3.7 +1 pp
2001 -4.7 −1.4 pp
2000 -3.3 −0.4 pp
1999 -2.9 +1.4 pp
1998 -4.3 −0.6 pp
1997 -3.7 +0.9 pp
1996 -4.6 +0.5 pp
1995 -5.1 +2.3 pp
1994 -7.4 +0.7 pp
1993 -8.1 −2.9 pp
1992 -5.2 +2.7 pp
1991 -7.9 −1.1 pp
1990 -6.8 −3.3 pp
1989 -3.5 +0.8 pp
1988 -4.3 +4.2 pp
1987 -8.5 +1.8 pp
1986 -10.3

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.