Services balance (credit less debit), Net (credits less debits) in Portugal
Portugal: Services balance (credit less debit), Net (credits less debits) was 34.77 billion in 2024. ▲ Rising
Services balance (credit less debit), Net (credits less debits) in Portugal, 2005–2024
Source: International Monetary Fund.
Analysis
Portugal recorded 34.77 billion for services balance (credit less debit), net (credits less debits) in 2024. That is the highest value across all 20 years on record.
That represents a change of up 9.4% on the previous year and up 134.2% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Portugal peaked at 34.77 billion in 2024 and was at its lowest, 5.61 billion, in 2005.
That places Portugal 12th out of 197 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) in Portugal, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 5.61 billion | — |
| 2006 | 7.28 billion | +29.8% |
| 2007 | 9.96 billion | +36.7% |
| 2008 | 10.96 billion | +10.0% |
| 2009 | 8.90 billion | -18.8% |
| 2010 | 8.31 billion | -6.6% |
| 2011 | 11.17 billion | +34.5% |
| 2012 | 11.98 billion | +7.2% |
| 2013 | 14.75 billion | +23.1% |
| 2014 | 14.85 billion | +0.6% |
| 2015 | 13.75 billion | -7.4% |
| 2016 | 14.67 billion | +6.7% |
| 2017 | 18.60 billion | +26.8% |
| 2018 | 20.96 billion | +12.7% |
| 2019 | 20.43 billion | -2.5% |
| 2020 | 10.26 billion | -49.8% |
| 2021 | 12.50 billion | +21.8% |
| 2022 | 22.53 billion | +80.3% |
| 2023 | 31.77 billion | +41.0% |
| 2024 | 34.77 billion | +9.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.54 billion | 5.61 billion | 10.96 billion | 5 |
| 2010s | 14.95 billion | 8.31 billion | 20.96 billion | 10 |
| 2020s | 22.37 billion | 10.26 billion | 34.77 billion | 5 |
Countries ranked near Portugal
More financial sector data for Portugal
- Total reserves in months of imports, annual growth rate 17.75 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 69.54 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0214 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 686.27 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 39.19 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,021 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 54.48 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 4,652 SDR per person (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Portugal?
- Services balance (credit less debit), net (credits less debits) in Portugal was 34.77 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Portugal?
- The highest recorded value was 34.77 billion in 2024.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Portugal?
- The lowest recorded value was 5.61 billion in 2005.
- How does Portugal rank for services balance (credit less debit), net (credits less debits)?
- Portugal ranks 12th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Portugal?
- Over the last ten years it is up 134.2%. The long-run trend across the full record is rising.
- Where does this Portugal data come from?
- The figures come from International Monetary Fund, published as part of Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.