Services balance (credit less debit), Net (credits less debits) (US) in Portugal
Portugal: Services balance (credit less debit), Net (credits less debits) (US) 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) (US) 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% |
Portugal compared with similar countries
- Portugal's 34.77 billion is above the median for high income countries, which is 910.63 million, 38.2× the median. (72 countries reporting)
- Portugal's 34.77 billion is above the median for Europe & Central Asia, which is 2.79 billion, 12.5× the median. (50 countries reporting)
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
- Reserve position in the IMF, US dollar, annual growth rate 19.33 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 67.16 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 13.63 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 49.04 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 19.33 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 67.16 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 13.63 % change on previous year (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.