Portugal's expense (current LCU) was 100.46 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 29.14% from 77.8 billion in 2013 (2.59% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 100.46 billion | 2023 |
| Five years earlier | 80.53 billion | 2018 |
| Ten years earlier | 77.8 billion | 2013 |
| Highest | 100.46 billion | 2023 |
| Lowest | 585.09 million | 1975 |
| Average since 2014 | 86.1 billion | 2014–2023 |
| First recorded | 585.09 million |
What the numbers say
In 2023, Portugal's expense (current LCU) rose 4.8% on 2022 (from 95.9 billion to 100.46 billion).
Across the 30 yearly changes before that (1993 to 2022), the average change was +4.5% and a typical year strayed about 4.3% from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 42.4% in 1985 and the biggest yearly fall was 4.7% in 2012. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about 2.32 billion a year. A straight line explains 80% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Portugal had the 56th highest value of the 80 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Portugal in the 2023 ranking
- Greece — 52nd of 80: 106.28 billion
- Nicaragua — 53rd of 80: 105.65 billion
- Moldova — 54th of 80: 104.64 billion
- Namibia — 56th of 80: 83.53 billion
- United Arab Emirates — 57th of 80: 72.33 billion
- Macao SAR, China — 58th of 80: 72.06 billion
What this measures
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 48 values
| Year | Expense (current LCU) |
|---|---|
| 2023 | 100,461,700,000 |
| 2022 | 95,902,400,000 |
| 2021 | 91,910,100,000 |
| 2020 | 89,514,500,000 |
| 2019 | 82,941,000,000 |
| 2018 | 80,527,800,000 |
| 2017 | 81,466,600,000 |
| 2016 | 77,012,400,000 |
| 2015 | 78,939,300,000 |
| 2014 | 82,368,500,000 |
| 2013 |
Expense (current LCU) in nearby economies
- Albania — 601.38 billion (2023)
- Armenia — 1.99 trillion (2023)
- Austria — 219.95 billion (2023)
- Azerbaijan — 30.83 billion (2022)
- Belarus — 62.05 billion (2023)
- Belgium — 223.05 billion (2022)
- Bosnia and Herzegovina — 17.62 billion (2023)
- Bulgaria — 33.8 billion (2023)
- Croatia — 30.19 billion (2023)
- Cyprus — 12.48 billion (2023)
- Czechia — 2.43 trillion (2022)
- Denmark
More public sector data for Portugal
- Military expenditure (current USD) — 5.86 billion (2025)
- Military expenditure (current LCU) — 5.2 billion (2025)
- Military expenditure (% of GDP) — 1.71% (2025)
- Arms imports (SIPRI trend indicator values) — 90 million (2025)
- Social contributions (current LCU) — 35.12 billion (2024)
- Taxes on goods and services (current LCU) — 34.75 billion (2024)
- Other taxes (current LCU) — 2.64 billion (2024)
- Tax revenue (current LCU) — 64.76 billion (2024)
- Tax revenue (% of GDP) — 22.35% (2024)
- Taxes on income, profits and capital gains (current LCU) — 27.37 billion (2024)
Reading data like this
Questions people ask
- What is Portugal's expense (current LCU)?
- 100.46 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1975?
- It is up 17,070% from 585.09 million in 1975 (11.32% a year on average, compounded). The highest value was 100.46 billion in 2023 and the lowest 585.09 million in 1975.
- How does Portugal rank?
- 56th highest of 80 economies with data for 2023.
- Is the latest change in expense (current LCU) unusual for Portugal?
- In 2023, Portugal's expense (current LCU) rose 4.8% on 2022 (from 95.9 billion to 100.46 billion). Across the 30 yearly changes before that (1993 to 2022), the average change was +4.5% and a typical year strayed about 4.3% from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator GC.XPN.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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