Portugal—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic Outlook ↗Global Rank: #31 of 192Updated August 2026
Latest Value
-1.6%
2031
YoY Change
-33.3%
2030 → 2031
Global Rank
#31
of 192 countries
Maximum
1.3%
2023
Minimum
-11.4%
2010
Last
-1.6%
Previous
-1.2%
Highest
1.3%
Lowest
-11.4%
Unit
Percent of GDP
Source
IMF World Economic Outlook
Portugal's fiscal balance (% of GDP) was -0.1% in 2026, ranking #31 out of 192 countries. This represents a -33.3% change from 2030. Over the past 27 years, the highest recorded value was 1.3% (2023) and the lowest was -11.4% (2010). The IMF WEO projects -1.6% by 2031. Data sourced from the IMF World Economic Outlook.
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2031 | -1.6% | -33.3% |
| 2030 | -1.2% | -33.3% |
| 2029 | -0.9% | -80.0% |
| 2028 | -0.5% | -150.0% |
| 2027 | -0.2% | -100.0% |
| 2026 | -0.1% | -133.3% |
| 2025 | 0.3% | -40.0% |
| 2024 | 0.5% | -61.5% |
| 2023 | 1.3% | +533.3% |
| 2022 | -0.3% | +89.3% |
| 2021 | -2.8% | +51.7% |
| 2020 | -5.8% | -5900.0% |
| 2019 | 0.1% | +125.0% |
| 2018 | -0.4% | +86.7% |
| 2017 | -3.0% | -57.9% |
| 2016 | -1.9% | +56.8% |
| 2015 | -4.4% | +39.7% |
| 2014 | -7.3% | -40.4% |
| 2013 | -5.2% | +16.1% |
| 2012 | -6.2% | +19.5% |
| 2011 | -7.7% | +32.5% |
| 2010 | -11.4% | -15.2% |
| 2009 | -9.9% | -160.5% |
| 2008 | -3.8% | -31.0% |
| 2007 | -2.9% | +29.3% |
| 2006 | -4.1% | +32.8% |
| 2005 | -6.1% | -3.4% |
| 2004 | -5.9% | -5.4% |
| 2003 | -5.6% | -51.4% |
| 2002 | -3.7% | +21.3% |
| 2001 | -4.7% | -42.4% |
| 2000 | -3.3% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | -0.1% | -133.3% |
| 2027Forecast | -0.2% | -100.0% |
| 2028Forecast | -0.5% | -150.0% |
| 2029Forecast | -0.9% | -80.0% |
| 2030Forecast | -1.2% | -33.3% |
| 2031Forecast | -1.6% | -33.3% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 27.6% | 2026 |
| 2 | Naoero | 13.1% | 2026 |
| 3 | Norway | 10.2% | 2026 |
| 4 | Oman | 5.2% | 2026 |
| 5 | United Arab Emirates | 4.9% | 2026 |
| 6 | Lesotho | 4.2% | 2026 |
| 7 | Macao SAR, China | 4.2% | 2026 |
| 8 | Singapore | 3.3% | 2026 |
| 9 | Lebanon | 3.3% | 2025 |
| 10 | Liechtenstein | 3.0% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP