Portugal GDP Deflator
Inflation as measured by annual growth rate of GDP implicit deflator NY.GDP.DEFL.KD.ZG
Portugal's gdp deflator was 7.62% in 2025, ranked 73rd globally. This represents a 58.2% increase from 2024. Data from World Bank, covering 1961–2025.
Overview
Portugal's gdp deflator stood at 7.62% in 2025, a rise of +2.80pp from 2024. Based on recent trends, this figure is projected to reach 7.62% by 2025. Portugal ranked 73rd globally.
Portugal's GDP deflator has exhibited significant fluctuations over the past six and a half decades, ranging from a historic low of -0.38% in 2012 to an all-time high of 26.40% in 1977. Since then, the indicator has generally trended downwards, with the exception of a recent increase. As of 2025, the GDP deflator stands at 7.62%, ranking Portugal 73rd globally. This is comparable to Latvia, which ranked slightly higher at 7.63%. The country's inflation rate remains relatively high, exceeding the levels of its peer countries such as Honduras at 7.15%. Portugal's economic stability is contingent on various factors, including monetary policy and global economic conditions. A significant shift in the trajectory of the GDP deflator would likely be triggered by changes in interest rates or a substantial modification in the country's economic policy framework, which could either exacerbate or mitigate the current inflationary pressures.
Data & projection
| Year | GDP Deflator | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 9.79% | - | - |
| 2026* trend | 8.71% | - | - |
| 2025* trend | 7.62% | - | - |
| 2025 | 7.62% | +2.80pp | #73 |
| 2024 | 4.81% | −2.67pp | #122 |
| 2023 | 7.49% | +2.16pp | #152 |
| 2022 | 5.33% | +3.31pp | #66 |
| 2021 | 2.02% | −0.08pp | #39 |
| 2020 | 2.10% | +0.27pp | #110 |
| 2019 | 1.83% | −0.02pp | #87 |
| 2018 | 1.85% | +0.32pp | #75 |
| 2017 | 1.53% | −0.32pp | #56 |
| 2016 | 1.85% | −0.11pp | #105 |
| 2015 | 1.96% | +1.24pp | #92 |
| 2014 | 0.72% | −1.55pp | #54 |
| 2013 | 2.27% | +2.65pp | #108 |
| 2012 | -0.38% | −0.12pp | #11 |
| 2011 | -0.26% | −1.04pp | #13 |
Detected Pattern
Analysis
Portugal matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw gdp deflator improve within 24 months. View full analysis →
Frequently Asked Questions
Portugal's gdp deflator was 7.62% in 2025. Ranked 73rd globally. This represents a 58.2% increase from the previous year.
Portugal's gdp deflator peaked at 26.40% in 1977.
The lowest gdp deflator in Portugal was -0.38% in 2012.
Portugal ranks 73rd globally in gdp deflator as of 2025.
The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.
Portugal's gdp deflator is projected to reach 7.62% by 2025 based on trend extrapolation.
The gdp deflator of Portugal in 2025 was 7.62%. This ranks 73rd in the world.
Cite this page
@misc{historysaid_portugal_gdp-deflator,
title = {Portugal GDP Deflator},
url = {https://historysaid.com/portugal/gdp-deflator/},
publisher = {HistorySaid},
year = {2026}
}