Makrognosis

Portugal Government Debt to GDP

QuarterlyNot seasonally adjustedCode PT.GOVDEBT.Q.NSA

Latest92.5%Q2 2026
Previous90.4%Q1 2026
Year ago95.9%Q2 2025

Portugal Government Debt to GDP was 92.5% in Q2 2026, up 2.1 percentage points from Q1 2026 and down 3.4 percentage points from a year earlier.

Among the 38 economies Makrognosis covers on this measure, it is the 10th highest.

Over the past ten years it has ranged from 89.2% (Q4 2025) to 137.5% (Q1 2021), averaging 116.2%.

Portugal Government Debt to GDP (% of GDP), Q1 2011 – Q2 202680%90%100%110%120%130%140%20122014201620182020202220242026Robomacro
Portugal Government Debt to GDP (% of GDP), Q1 2011 – Q2 2026. Source: Eurostat (Statistical Office of the European Union).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValue
Q2 202692.5%
Q1 202690.4%
Q4 202589.2%
Q3 202596.9%
Q2 202595.9%
Q1 202594.3%
Q4 202493.0%
Q3 202495.5%
Q2 202498.9%
Q1 202498.1%
Q4 202396.9%
Q3 2023105.4%
Q2 2023108.2%
Q1 2023110.8%
Q4 2022111.2%
Q3 2022117.7%
Q2 2022121.5%
Q1 2022123.4%
Q4 2021123.9%
Q3 2021127.9%
Q2 2021133.3%
Q1 2021137.5%
Q4 2020134.1%
Q3 2020130.7%

Last 24 observations. The full history (62 observations) is available through the API.

Get Portugal Government Debt to GDP in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/PT.GOVDEBT.Q.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/PT.GOVDEBT.Q.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationQ2 2026
First observationQ1 2011
Observations62
FrequencyQuarterly
Units% of GDP
AdjustmentNot seasonally adjusted
10-year high137.5% (Q1 2021)
10-year low89.2% (Q4 2025)
10-year average116.2%
Source agencyEurostat (Statistical Office of the European Union)
Makrognosis codePT.GOVDEBT.Q.NSA

Government Debt to GDP: how Portugal compares

#EconomyPeriodLatest
1SingaporeQ1 2025166.1%
2GreeceQ2 2026140.8%
3ItalyQ2 2026139.9%
4CanadaQ2 2026131.3%
5United StatesQ3 2026121.7%
6FranceQ2 2026119.1%
7BelgiumQ2 2026110.2%
8SpainQ2 2026101.4%
9United KingdomQ3 2026101.1%
10PortugalQ2 202692.5%
11FinlandQ2 202690.2%
12AustriaQ2 202683.6%
13BrazilQ3 202682.9%
14South AfricaQ3 202678.4%
15ArgentinaQ1 202578.1%
16HungaryQ2 202675.6%

Government Debt to GDP by country: all 38 economies ranked →

Other Portugal indicators

Portugal GDP (Gross Domestic Product)Portugal Gross domestic product, Current prices, million EURPortugal Inflation Rate (CPI)Portugal Core Inflation RatePortugal Unemployment RatePortugal 10-Year Government Bond YieldPortugal Credit Rating & Sovereign Risk ScorePortugal Industrial ProductionPortugal Retail SalesPortugal Current account balance (BPM6, vs rest of world), not seasonally adjustedPortugal Current account balance, % of GDPPortugal Trade Balance: Goods & ServicesPortugal Exports of goods and services, Current prices, million EURPortugal Exports of goods and services, chain-linked volumePortugal Exports of goods, total trade (World), seasonally adjustedPortugal Imports of goods and services, Current prices, million EUR

FAQ

What is the current government Debt to GDP in Portugal?
The latest reading is 92.5% for Q2 2026, published by Eurostat (Statistical Office of the European Union).
Where does this data come from?
It is collected directly from Eurostat (Statistical Office of the European Union) and is available through the Makrognosis API under the code PT.GOVDEBT.Q.NSA.

Last updated 2026-10-25. Source: Eurostat (Statistical Office of the European Union). Original title: “Portugal general government gross debt, % of GDP (Eurostat)”.