# Portugal Credit Rating & Sovereign Risk Score

Makrognosis sovereign credit model scores Portugal at 75 out of 100 as of 9 November 2026, equivalent to A on the familiar letter scale — investment grade.
The score is down 0.2 points from 75 on 1 October 2026.
That places Portugal 29th of the 84 economies the model scores; Russia has the highest score at 100.
Key inputs include government debt of 92.5% of GDP, a fiscal balance of 0.7% of GDP, a current account balance of 1.2% of GDP.
This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

- Source: Makrognosis sovereign credit model
- Makrognosis code: `CREDIT:PT`
- Scale: 0–100 (100 = strongest credit); grade equivalent is model-implied
- Page: https://makrognosis.robomacro.com/data/portugal/credit-rating

## Score history

| Date | Score | Grade equivalent |
|---|---:|---|
| 2026-11-09 | 75.0 | A |
| 2026-10-01 | 75.2 | A |
| 2026-07-31 | 75.2 | A |
| 2026-07-30 | 72.7 | A |
| 2026-07-26 | 73.0 | A |
| 2026-06-21 | 74.7 | A |
| 2026-06-18 | 73.6 | A |

## Inputs

| Input | Value |
|---|---:|
| GDP per capita | US$33,046 |
| Real GDP growth, 5-year average | 4.0% |
| Inflation, recent average | 2.9% |
| Government debt | 92.5% of GDP |
| Fiscal balance | 0.7% of GDP |
| Current account balance | 1.2% of GDP |
| Foreign-exchange reserves | 3.1 months of imports |
| Net international investment position | −49.6% of GDP |
| Governance (World Bank WGI composite) | 0.898 |

## API

```
GET https://makrognosis.robomacro.com/v1/credit/PT
```