Portugal's net foreign assets (current LCU) was 17.91 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 235.74% from -13.2 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 17.91 billion | 2024 |
| Five years earlier | -26.07 billion | 2019 |
| Ten years earlier | -13.2 billion | 2014 |
| Highest | 17.91 billion | 2024 |
| Lowest | -53.17 billion | 2007 |
| Average since 2015 | -17.7 billion | 2015–2024 |
| First recorded | -21.89 billion |
What the numbers say
In 2024, Portugal's net foreign assets (current LCU) rose 25.67 billion on 2023 (from -7.76 billion to 17.91 billion).
Across the 22 yearly changes before that (2002 to 2023), the average change was +642.54 million and a typical year strayed about 7.4 billion from that (the standard deviation). This year's change was 3.4 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 25.67 billion in 2024 and the biggest yearly fall was 12 billion in 2006. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 3.4 billion a year. A straight line explains 51% 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 2024, Portugal had the 33rd highest value of the 40 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 2024 ranking
What this measures
Net foreign assets are the sum of foreign assets held by monetary authorities and deposit money banks, less their foreign liabilities. 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.
All 24 values
| Year | Net foreign assets (current LCU) |
|---|---|
| 2024 | 17,913,571,162 |
| 2023 | -7,756,681,384 |
| 2022 | -12,846,693,521 |
| 2021 | -22,927,263,724 |
| 2020 | -21,310,338,230 |
| 2019 | -26,067,022,612 |
| 2018 | -32,353,975,779 |
| 2017 | -26,474,142,447 |
| 2016 | -26,571,842,978 |
| 2015 | -18,583,334,421 |
Net foreign assets (current LCU) in nearby economies
- Albania — 1.12 trillion (2025)
- Armenia — 305.82 billion (2025)
- Austria — 113.77 billion (2024)
- Azerbaijan — 25.43 billion (2025)
- Belarus — 11.41 billion (2021)
- Belgium — 180.33 billion (2024)
- Bosnia and Herzegovina — 23.03 billion (2025)
- Bulgaria — 46.19 billion (2024)
- Croatia — 21.73 billion (2024)
- Cyprus — 31.88 billion (2024)
- Czechia
More financial sector data for Portugal
- Consumer price index (2010 = 100) — 132.05 (2025)
- Inflation, consumer prices (annual % growth) — 2.34% (2025)
- GDP deflator (base year varies by country) — 125.87 (2025)
- DEC alternative conversion factor (LCU per US$) — US$0.88 (2025)
- Official exchange rate (LCU per US$, period average) — US$0.88 (2025)
- Inflation, GDP deflator (annual % growth) — 3.92% (2025)
- Real effective exchange rate index (2010 = 100) — 96.48 (2025)
- Listed domestic companies, total — 40 (2018)
- Inflation, GDP deflator, linked series (annual % growth) — 3.92% (2025)
Reading data like this
Questions people ask
- What is Portugal's net foreign assets (current LCU)?
- 17.91 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2001?
- It is up 181.82% from -21.89 billion in 2001. The highest value was 17.91 billion in 2024 and the lowest -53.17 billion in 2007.
- How does Portugal rank?
- 33rd highest of 40 economies with data for 2024.
- Is the latest change in net foreign assets (current LCU) unusual for Portugal?
- In 2024, Portugal's net foreign assets (current LCU) rose 25.67 billion on 2023 (from -7.76 billion to 17.91 billion). Across the 22 yearly changes before that (2002 to 2023), the average change was +642.54 million and a typical year strayed about 7.4 billion from that (the standard deviation). This year's change was 3.4 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator FM.AST.NFRG.CN, licensed CC BY 4.0. Original source: International Financial Statistics database, 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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