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Portugal Tax Revenue

Tax revenue as % of GDP  GC.TAX.TOTL.GD.ZS

Portugal's tax revenue was 23.06% in 2025, ranked 21st globally. This represents a 1.9% increase from 2024. Data from World Bank, covering 1973–2025.

23.06% +0.44% (+1.9%)
Year 2025 Rank #21 Global Peak 23.17% (2022) Source World Bank

Portugal Tax Revenue (1973–2025)

Overview

Portugal's tax revenue stood at 23.06% in 2025, a rise of +0.44% from 2023. Based on recent trends, this figure is projected to reach 23.06% by 2025. Portugal ranked 21st globally.

Portugal's tax revenue has demonstrated a steady upward trajectory since its inception in 1973, with the all-time peak of 23.17% of GDP reached in 2022, marginally higher than its 2025 level of 23.06%. The 1973 trough of 11.49% serves as a stark contrast to the robust performance witnessed in recent years. In comparison, Iceland's tax revenue has surpassed Portugal's, standing at 23.29% in 2025. Hungary, a peer with a similar tax revenue level to Portugal, has also experienced a slight decline. France, another peer, lags behind Portugal with a 2025 tax revenue of 22.85%. The growth in tax revenue in Portugal is expected to be sustained, but a significant economic downturn or changes in tax policies could alter this trajectory. A potential shift in government priorities or a decline in economic growth could impact Portugal's tax revenue, necessitating a reassessment of its fiscal policies.

Data & projection

Year Tax Revenue YoY change Rank
2026* trend 23.18% - -
2025* trend 23.06% - -
2025 23.06% +0.44% #21
2023 22.62% −0.55% #80
2022 23.17% +0.89% #96
2021 22.28% +0.02% #105
2020 22.26% −0.19% #115
2019 22.45% −0.40% #110
2018 22.84% +0.21% #112
2017 22.64% +0.02% #115
2016 22.62% −0.46% #116
2015 23.08% +0.20% #122
2014 22.87% +0.00% #115
2013 22.87% +1.86% #109
2012 21.01% −0.35% #102
2011 21.36% +1.49% #102
2010 19.87% +0.78% #93
Show all years (1973-2025)
* Linear trend extrapolation

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +20.4% GDP growth 2.1% C/A balance 2.1%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Portugal matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw tax revenue improve within 24 months. View full analysis →

Frequently Asked Questions

What is Portugal's tax revenue?▾

Portugal's tax revenue was 23.06% in 2025. Ranked 21st globally. This represents a 1.9% increase from the previous year.

What was the highest tax revenue in Portugal?▾

Portugal's tax revenue peaked at 23.17% in 2022.

What was the lowest tax revenue in Portugal?▾

The lowest tax revenue in Portugal was 11.49% in 1973.

How does Portugal rank in tax revenue?▾

Portugal ranks 21st globally in tax revenue as of 2025.

What is the World Bank indicator code for tax revenue?▾

The World Bank indicator code is GC.TAX.TOTL.GD.ZS. Data sourced from World Bank.

What is the projected tax revenue of Portugal in 2025?▾

Portugal's tax revenue is projected to reach 23.06% by 2025 based on trend extrapolation.

What is the tax revenue of Portugal in 2025?▾

The tax revenue of Portugal in 2025 was 23.06%. This ranks 21st in the world.

Cite this page

APA
Portugal Tax Revenue. HistorySaid. Retrieved October 19, 2026, from https://historysaid.com/portugal/tax-revenue/
BibTeX
@misc{historysaid_portugal_tax-revenue, title = {Portugal Tax Revenue}, url = {https://historysaid.com/portugal/tax-revenue/}, publisher = {HistorySaid}, year = {2026} }
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