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Economy of Antigua and Barbuda vs Portugal compared: GDP & Debt

Updated on by Georank team

Antigua and Barbuda has a GDP of $2.21B compared to $313B for Portugal, ranking 177/197 and 46/197 by economy size, respectively.

Antigua and Barbuda has $1.49B in government debt (67.6% of GDP), compared to $297B (94.9% of GDP) in Portugal.

Antigua and Barbuda vs Portugal GDP by year

Antigua and Barbuda
Portugal
1x
Year GDP, current $
Antigua Portugal
2024 $2,207,622,874 $313,271,185,085
2023 $2,005,785,185 $292,323,800,949
2022 $1,866,566,667 $256,898,677,175
2021 $1,602,125,926 $256,055,879,091
2020 $1,411,637,037 $229,618,773,423
2019 $1,726,448,148 $240,115,970,063
2018 $1,661,529,630 $242,092,894,543
2017 $1,534,855,556 $220,862,990,767
2016 $1,489,603,704 $206,305,431,242
2015 $1,437,485,185 $199,038,523,120
2014 $1,378,707,407 $230,078,616,300
2013 $1,325,496,296 $226,677,408,292
2012 $1,364,729,630 $216,536,676,772
2011 $1,287,359,259 $245,426,767,676
2010 $1,298,348,148 $238,443,864,993
2009 $1,386,518,519 $244,667,762,836
2008 $1,557,640,741 $263,416,394,624
2007 $1,487,381,481 $240,496,147,317
2006 $1,303,674,074 $208,756,449,276
2005 $1,143,896,296 $197,253,876,705
2004 $1,026,329,630 $189,382,122,532
2003 $948,100,000 $165,226,175,537
2002 $898,092,593 $134,795,565,549
2001 $877,774,074 $121,604,107,165
2000 $901,003,704 $118,605,192,877
1999 $835,544,444 $127,470,385,557
1998 $789,788,889 $123,946,327,916
1997 $734,422,222 $117,016,535,163
1996 $679,140,741 $122,630,089,680
1995 $616,051,852 $118,122,007,430
1994 $625,081,481 $99,688,641,304
1993 $565,662,963 $95,009,751,901
1992 $525,133,333 $107,592,098,307
1991 $504,337,037 $89,233,599,278
1990 $478,718,519 $78,713,860,217
1989 $455,174,074 $60,594,092,182
1988 $411,396,296 $56,347,250,696
1987 $346,866,667 $48,182,925,857
1986 $297,562,963 $38,745,901,354
1985 $246,370,370 $27,115,807,742
1984 $212,214,815 $25,217,969,050
1983 $184,866,667 $27,239,650,742
1982 $166,444,444 $30,527,754,793
1981 $149,388,889 $31,977,276,873
1980 $132,451,852 $32,896,519,824
1979 $109,596,296 $26,622,819,672
1978 $88,040,741 $23,487,614,051
1977 $77,507,407 $21,439,523,311
1976 - $20,332,831,565
1975 - $19,347,607,843
1974 - $17,512,391,476
1973 - $15,090,564,186
1972 - $11,239,117,865
1971 - $9,201,604,240
1970 - $8,108,235,704
1969 - $7,287,555,035
1968 - $6,644,693,214
1967 - $6,002,607,030
1966 - $5,370,108,031
1965 - $4,901,711,248
1964 - $4,429,202,657
1963 - $4,084,251,593
1962 - $3,835,883,663
1961 - $3,573,719,085
1960 - $3,339,150,158

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/antigua-and-barbuda/portugal | CC BY

GDP per capita in Antigua and Barbuda vs Portugal by year

Antigua and Barbuda
GDP per capita

GDP per capita, PPP
Portugal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Antigua Portugal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,542 $33,386 $29,292 $51,680
2023 $21,495 $31,602 $27,635 $49,353
2022 $20,105 $29,934 $24,621 $45,250
2021 $17,349 $25,745 $24,711 $38,658
2020 $15,370 $22,370 $22,299 $35,967
2019 $18,896 $26,551 $23,343 $37,866
2018 $18,273 $24,524 $23,541 $34,897
2017 $16,966 $21,422 $21,442 $32,971
2016 $16,557 $21,320 $19,980 $31,589
2015 $16,078 $20,985 $19,216 $29,608
2014 $15,532 $21,671 $22,121 $28,765
2013 $15,052 $21,761 $21,676 $27,966
2012 $15,640 $23,012 $20,593 $26,476
2011 $14,912 $23,804 $23,247 $26,803
2010 $15,217 $24,071 $22,552 $27,292
2009 $16,472 $26,157 $23,151 $26,472
2008 $18,787 $29,978 $24,949 $26,666
2007 $18,205 $29,851 $22,811 $25,738
2006 $16,174 $26,949 $19,839 $24,677
2005 $14,369 $23,485 $18,780 $22,725
2004 $13,038 $21,629 $18,064 $21,476
2003 $12,173 $20,127 $15,798 $20,850
2002 $11,659 $18,813 $12,937 $20,357
2001 $11,539 $18,569 $11,735 $19,529
2000 $12,027 $19,319 $11,526 $18,883
1999 $11,342 $18,088 $12,475 $17,718
1998 $10,907 $17,496 $12,199 $16,688
1997 $10,336 $16,836 $11,576 $15,789
1996 $9,756 $16,017 $12,185 $14,922
1995 $9,034 $15,062 $11,781 $14,406
1994 $9,351 $15,736 $9,977 $13,578
1993 $8,625 $14,720 $9,535 $13,202
1992 $8,154 $13,908 $10,811 $13,182
1991 $7,956 $13,658 $8,959 $12,739
1990 $7,591 $12,996 $7,885 $11,780
1989 $7,188 - $6,056 -
1988 $6,466 - $5,624 -
1987 $5,424 - $4,804 -
1986 $4,629 - $3,862 -
1985 $3,814 - $2,705 -
1984 $3,271 - $2,523 -
1983 $2,847 - $2,735 -
1982 $2,569 - $3,080 -
1981 $2,310 - $3,246 -
1980 $2,053 - $3,368 -
1979 $1,705 - $2,756 -
1978 $1,375 - $2,457 -
1977 $1,214 - $2,267 -
1976 - - $2,173 -
1975 - - $2,128 -
1974 - - $2,000 -
1973 - - $1,748 -
1972 - - $1,302 -
1971 - - $1,065 -
1970 - - $934 -
1969 - - $832 -
1968 - - $752 -
1967 - - $676 -
1966 - - $601 -
1965 - - $545 -
1964 - - $490 -
1963 - - $452 -
1962 - - $426 -
1961 - - $400 -
1960 - - $377 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/antigua-and-barbuda/portugal | CC BY

Antigua and Barbuda's GDP per capita is $23,542, ranking 53/197, compared to $29,292 in Portugal, ranking 44/197. Adjusted for purchasing power (GDP per capita PPP), Antigua and Barbuda ranks 66th at $33,386, while Portugal ranks 42nd at $51,680.

Economic indicators

Antigua Portugal
Gross domestic product
$2.21B
2024
$313B
2024
GDP rank
177/197
2024
46/197
2024
GDP growth
3.66%
2023-2024
2.14%
2023-2024
GDP per capita
$23,542
2024
$29,292
2024
GDP per capita rank
53/197
2024
44/197
2024
GDP per capita, PPP
$33,386
2024
$51,680
2024
GDP per capita PPP rank
66/197
2024
42/197
2024
Government debt
$1.49B
2024
$297B
2024
Debt-to-GDP ratio
67.6%
2024
94.9%
2024
Government debt per person
$15,910
2024
$27,807
2024
Government debt per person rank
39/185
2024
27/185
2024
Average annual personal income after taxes
$16,563
2026
$16,747
2026
Market capitalization of domestic companies n/a
$61.9B
2018
Number of millionaires n/a
171,797
2025
Number of billionaires n/a
1
2025
Income share by richest 10% n/a
26.9%
2023
Income share by poorest 10% n/a
2.7%
2023
Government expenditure, % of GDP
19.8%
2024
42.8%
2024
Consumer prices inflation
6.2%
2023-2024
2.42%
2023-2024
Unemployment rate
5.37%
2023
6.43%
2024
Population
94757
10667081

Spending and national debt comparison by year

Antigua and Barbuda
Spending

Debt
Portugal
Spending

Debt
1x
Year % of GDP
Antigua Portugal
Government spending Government debt Government spending Government debt
2024 19.8% 67.6% 42.8% 94.9%
2023 18.8% 76.3% 42.3% 97.7%
2022 20.7% 82% 43.9% 111.2%
2021 23.4% 93% 47.3% 123.9%
2020 26% 100.5% 49.1% 134.1%
2019 22.1% 81.6% 42.5% 116.1%
2018 21.5% 84.3% 43.3% 121.1%
2017 22.6% 88.2% 45.5% 126%
2016 23.8% 83.1% 44.9% 131.2%
2015 24.8% 92.1% 48.2% 131%
2014 20.9% 91.9% 51.7% 132.5%
2013 20.7% 85.4% 50% 130.8%
2012 18.5% 76.9% 48.8% 128.6%
2011 21.1% 81.1% 50% 114%
2010 20% 79.4% 51.9% 100.1%
2009 32.1% 89.2% 50.3% 87.8%
2008 23.2% 66.8% 45.5% 75.6%
2007 23.8% 68.7% 44.5% 72.7%
2006 26% 79.1% 45.1% 73.7%
2005 21.5% 82.8% 46.8% 72.2%
2004 21.9% 107.7% 46.1% 67.1%
2003 24.2% 113% 45.4% 63.9%
2002 26.3% 114.5% 44.2% 60%
2001 24.2% 107.6% 44.1% 57.4%
2000 21.1% 96.4% 42.8% 54.2%
1999 20.3% 95.9% 42.5% 55.4%
1998 20.7% 94.6% 42.6% 55.6%
1997 16.8% 80.6% 42.4% 58.7%
1996 19.6% 85.5% 43% 63.3%
1995 21% 92.1% 42.6% 62.2%
1994 21.2% 84.5% 42.8% 60.4%
1993 19.4% 85.3% 46.5% 57.2%
1992 18.7% 90.8% 48.2% 58.1%
1991 20.8% 94.6% 45.9% 63.9%
1990 18.1% 94.1% 42.2% 60.2%
1989 - - 36.2% 55.4%
1988 - - 36.2% 56.8%
1987 - - 37.5% 57.2%
1986 - - 38.9% 59.8%
1985 - - 37.5% 59.4%
1984 - - 34.6% 51.3%
1983 - - 34.7% 46.7%
1982 - - 35.8% 43%
1981 - - 35.3% 39.3%
1980 - - 32.4% 31%
1979 - - 30.8% 35.2%
1978 - - 31.7% 31.4%
1977 - - 35.1% 26.9%
1976 - - 38.2% 24.5%
1975 - - 31.9% 19.2%
1974 - - 25.8% 13.5%
1973 - - 25.7% 13.6%
1972 - - 22.8% 14.5%
1971 - - 15.5% 15.7%
1970 - - 15.5% 16.5%
1969 - - 14.9% 16.8%
1968 - - 14.3% 17.2%
1967 - - 14.1% 18.5%
1966 - - 14.4% 20.2%
1965 - - 13.4% 20.4%
1964 - - 13.9% 21.9%
1963 - - 14.6% 20.8%
1962 - - 14.5% 18.7%
1961 - - 14.6% 17.1%
1960 - - 14.3% 16.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/antigua-and-barbuda/portugal | CC BY

In 2024, Antigua and Barbuda's government spending was $437M, accounting for 19.8% of its GDP, while Portugal spent $134B, or 42.8% of GDP.

Debt-to-GDP ratio is 67.6% in Antigua and Barbuda and 94.9% in Portugal, ranking 63/185 and 27/185, respectively.

Government deficit by year

Deficit/surplus
Antigua and Barbuda

Portugal
1x
Year Deficit/surplus, % of GDP
Antigua Portugal
2024 1.61% 0.7%
2023 -1.7% 1.21%
2022 -2.84% -0.31%
2021 -4.52% -2.83%
2020 -6.23% -5.75%
2019 -3.64% 0.12%
2018 -2.43% -0.43%
2017 -2.72% -3%
2016 -0.14% -1.94%
2015 -2.42% -4.37%
2014 -2.6% -7.32%
2013 -3.83% -5.21%
2012 -0.97% -6.2%
2011 -3.09% -7.73%
2010 -0.24% -11.4%
2009 -15.8% -9.87%
2008 -4.72% -3.81%
2007 -4.98% -2.91%
2006 -6.62% -4.07%
2005 -4.29% -6.11%
2004 -3.9% -5.99%
2003 -7.32% -5.66%
2002 -8.83% -3.73%
2001 -8.58% -4.73%
2000 -4.5% -3.35%
1999 -3.08% -2.99%
1998 -1.62% -4.3%
1997 0% -3.65%
1996 -1.61% -4.63%
1995 -3.89% -5.14%
1994 -4.33% -7.37%
1993 -2.45% -8.06%
1992 -0.81% -5.19%
1991 -3.91% -7.93%
1990 0.12% -6.82%
1989 - -2.86%
1988 - -3.52%
1987 - -6.79%
1986 - -7.45%
1985 - -8.35%
1984 - -5.23%
1983 - -4.86%
1982 - -7.02%
1981 - -8.34%
1980 - -6.92%
1979 - -6.08%
1978 - -7.15%
1977 - -7.5%
1976 - -10.2%
1975 - -7.1%
1974 - -3.2%
1973 - -5.39%
1972 - -7.72%
1971 - -0.23%
1970 - -0.24%
1969 - -1.53%
1968 - -1.24%
1967 - -0.46%
1966 - -2%
1965 - -0.03%
1964 - -1.93%
1963 - -3.33%
1962 - -1.69%
1961 - -3.17%
1960 - -3.13%
1959 - -1.73%
1958 - -0.52%
1957 - 0.08%
1956 - -0.18%
1955 - -0.31%
1954 - -0.58%
1953 - -0.35%
1952 - -0.34%
1951 - 0.94%
1950 - -0.83%
1949 - -0.46%
1948 - -2.04%
1947 - -1.65%
1946 - -2.32%
1945 - -2.38%
1944 - -1.44%
1943 - 0.03%
1942 - -0.35%
1941 - -0.08%
1940 - -1.74%
1939 - -0.73%
1938 - -0.08%
1937 - -0.09%
1936 - 0.08%
1935 - 0.75%
1934 - 0.6%
1933 - -0.07%
1932 - -0.03%
1931 - 0.04%
1930 - 0.79%
1929 - 1.86%
1928 - 0.2%
1927 - -2.27%
1926 - -4.21%
1925 - -1.48%
1924 - -3.16%
1923 - -3.47%
1922 - -10%
1921 - -6.5%
1920 - -5.66%
1919 - -8.83%
1918 - -8.3%
1917 - -5.49%
1916 - -
1915 - -
1914 - -
1913 - -0.34%
1912 - -0.02%
1911 - -0.73%
1910 - -0.19%
1909 - -0.82%
1908 - -0.56%
1907 - -0.69%
1906 - -0.45%
1905 - -0.75%
1904 - -0.26%
1903 - -0.91%
1902 - -0.5%
1901 - -0.69%
1900 - -0.35%
1899 - -0.77%
1898 - -0.5%
1897 - -0.93%
1896 - -1.35%
1895 - -0.2%
1894 - -0.16%
1893 - -0.02%
1892 - -0.8%
1891 - -2.15%
1890 - -2.01%
1889 - -1.95%
1888 - -2.14%
1887 - -0.67%
1886 - -1.43%
1885 - -1.68%
1884 - -1.48%
1883 - -1.1%
1882 - -0.39%
1881 - -1.2%
1880 - -1.63%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/antigua-and-barbuda/portugal | CC BY

In 2024, Antigua and Barbuda's government surplus, the difference between spending and revenue, was $35.6M, equivalent to 1.61% of GDP. This compares to Portugal's surplus of $2.19B, or 0.7% of GDP.

Over the past 35 years, Antigua and Barbuda recorded a fiscal deficit in 32 of those years, while Portugal ran a deficit in 32 years. On average, Antigua and Barbuda posted an annual deficit equal to 3.63% of GDP, compared to deficit of 4.6% of GDP for Portugal.

Inflation comparison by year

Inflation
Antigua and Barbuda

Portugal
1x
Year Consumer prices inflation
Antigua Portugal
2024 6.2% 2.42%
2023 5.1% 4.31%
2022 7.5% 7.83%
2021 1.6% 1.27%
2020 1.1% -0.01%
2019 1.4% 0.34%
2018 1.2% 0.99%
2017 2.4% 1.37%
2016 -0.5% 0.61%
2015 1% 0.49%
2014 1.1% -0.28%
2013 1.1% 0.27%
2012 3.4% 2.77%
2011 3.5% 3.65%
2010 3.4% 1.4%
2009 -0.6% -0.84%
2008 5.3% 2.59%
2007 1.4% 2.45%
2006 1.8% 3.11%
2005 2.1% 2.28%
2004 2% 2.37%
2003 2% 3.22%
2002 2.4% 3.6%
2001 1.9% 4.37%
2000 -0.2% 2.85%
1999 1.1% 2.34%
1998 3.3% 2.57%
1997 0.4% 2.34%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/antigua-and-barbuda/portugal | CC BY

Over the past 28 years, Antigua and Barbuda has recorded an average annual inflation rate of 2.23%, compared with 2.17% in Portugal. In 2024, inflation was 6.2% in Antigua and Barbuda and 2.42% in Portugal.

Top exports between countries

Antigua
Export category Export value
Raw materials & minerals $21K
Animal & marine products $5K
Wood & paper products $1K
Portugal
Export category Export value
Processed food, beverages & tobacco $685K
Animal & marine products $180K
Chemicals & pharma $158K
Wood & paper products $95K
Machinery & equipment $73K
Textiles & consumer goods $51K
Precious metals & jewellery $40K
Miscellaneous $30K
Metals $24K
Raw materials & minerals $11K

Balance of trade

Antigua Portugal
Current account balance
-$181M
2024
$6.51B
2024
Current account balance ranking
98/190
2024
28/190
2024
Current account balance, % of GDP
-8.22%
2024
+2.08%
2024
Goods imports
$726M
2024
$109B
2024
Goods exports
$72.1M
2024
$81.4B
2024
Service imports
$557M
2024
$27.9B
2024
Service exports
$1.24B
2024
$62.7B
2024
Imports of goods and services, % of GDP
63%
2022
43.9%
2024
Exports of goods and services, % of GDP
54.7%
2022
45.8%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Antigua Portugal
Economic freedom 56 71.2
Economic freedom ranking 125/197 33/197
Property rights n/a 88.9
Government integrity n/a 63.4
Judicial effectiveness n/a 90.1
Tax burden n/a 60.6
Government spending n/a 44.6
Fiscal health n/a 82
Business freedom n/a 83.1
Labor freedom n/a 54.8
Monetary freedom n/a 77.7
Trade freedom n/a 79.4
Investment freedom n/a 70
Financial freedom n/a 60

Other economic metrics

Antigua Portugal
Services, % of GDP
69.1%
2023
66.3%
2024
Industry, % of GDP
19%
2023
18.7%
2024
Agriculture, forestry, and fishing, % of GDP
1.94%
2023
2.02%
2024
GNI, Atlas method
$1.98B
2024
$288B
2024
GNI per capita, PPP
$31,730
2024
$50,730
2024
Total reserves including gold
$358M
2024
$42.4B
2024
Total reserves ranking
164/177
2024
48/177
2024
Net foreign direct investment
-$253M
2024
-$6.64B
2024
Net inflows of foreign direct investment
$246M
2024
$13.5B
2024
Net outflows of foreign direct investment
-$68.4K
2024
$6.84B
2024
Poverty at national poverty lines n/a
16.4%
2021
Gross capital formation, % of GDP n/a
20.4%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/antigua-and-barbuda/portugal | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2024, retrieved 2026-02-08)
  6. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.