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Economy of Portugal vs Saint Kitts and Nevis compared: GDP & Debt

Updated on by Georank team

Portugal has a GDP of $313B compared to $1.12B for Saint Kitts and Nevis, ranking 46/197 and 187/197 by economy size, respectively.

Portugal has $297B in government debt (94.9% of GDP), compared to $604M (53.8% of GDP) in Saint Kitts and Nevis.

Portugal vs Saint Kitts and Nevis GDP by year

Portugal
Saint Kitts and Nevis
1x
Year GDP, current $
Portugal Saint Kitts
2024 $313,271,185,085 $1,122,388,889
2023 $292,323,800,949 $1,055,651,852
2022 $256,898,677,175 $981,429,630
2021 $256,055,879,091 $858,622,222
2020 $229,618,773,423 $883,922,222
2019 $240,115,970,063 $1,107,855,556
2018 $242,092,894,543 $1,076,548,148
2017 $220,862,990,767 $1,056,977,778
2016 $206,305,431,242 $1,006,818,519
2015 $199,038,523,120 $957,222,222
2014 $230,078,616,300 $952,111,111
2013 $226,677,408,292 $874,548,148
2012 $216,536,676,772 $824,585,185
2011 $245,426,767,676 $836,092,593
2010 $238,443,864,993 $778,718,519
2009 $244,667,762,836 $774,274,074
2008 $263,416,394,624 $777,692,593
2007 $240,496,147,317 $689,285,185
2006 $208,756,449,276 $644,414,815
2005 $197,253,876,705 $547,203,704
2004 $189,382,122,532 $506,900,000
2003 $165,226,175,537 $469,869,870
2002 $134,795,565,549 $481,077,374
2001 $121,604,107,165 $458,643,829
2000 $118,605,192,877 $421,695,770
1999 $127,470,385,557 $406,595,484
1998 $123,946,327,916 $383,257,331
1997 $117,016,535,163 $374,641,308
1996 $122,630,089,680 $333,944,444
1995 $118,122,007,430 $313,485,185
1994 $99,688,641,304 $295,159,259
1993 $95,009,751,901 $263,755,556
1992 $107,592,098,307 $242,137,037
1991 $89,233,599,278 $220,540,741
1990 $78,713,860,217 $217,259,259
1989 $60,594,092,182 $192,518,519
1988 $56,347,250,696 $172,692,593
1987 $48,182,925,857 $147,748,148
1986 $38,745,901,354 $130,685,185
1985 $27,115,807,742 $111,007,407
1984 $25,217,969,050 $98,603,704
1983 $27,239,650,742 $86,874,074
1982 $30,527,754,793 $86,022,222
1981 $31,977,276,873 $80,888,889
1980 $32,896,519,824 $68,459,259
1979 $26,622,819,672 $58,840,741
1978 $23,487,614,051 $49,433,333
1977 $21,439,523,311 $44,496,296
1976 $20,332,831,565 $30,095,602
1975 $19,347,607,843 $33,364,055
1974 $17,512,391,476 $31,514,856
1973 $15,090,564,186 $24,196,018
1972 $11,239,117,865 $22,944,849
1971 $9,201,604,240 $19,624,746
1970 $8,108,235,704 $16,300,000
1969 $7,287,555,035 $15,850,000
1968 $6,644,693,214 $14,600,000
1967 $6,002,607,030 $16,742,338
1966 $5,370,108,031 $14,469,078
1965 $4,901,711,248 $13,593,932
1964 $4,429,202,657 $13,416,633
1963 $4,084,251,593 $12,833,301
1962 $3,835,883,663 $12,541,635
1961 $3,573,719,085 $12,483,302
1960 $3,339,150,158 $12,366,636

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

GeoRank.org/economy/portugal/saint-kitts-and-nevis | CC BY

GDP per capita in Portugal vs Saint Kitts and Nevis by year

Portugal
GDP per capita

GDP per capita, PPP
Saint Kitts and Nevis
GDP per capita

GDP per capita, PPP
1x
Year Current $
Portugal Saint Kitts
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,292 $51,680 $23,961 $34,847
2023 $27,635 $49,353 $22,577 $33,980
2022 $24,621 $45,250 $21,012 $31,871
2021 $24,711 $38,658 $18,361 $26,897
2020 $22,299 $35,967 $18,859 $27,326
2019 $23,343 $37,866 $23,595 $32,482
2018 $23,541 $34,897 $22,901 $30,795
2017 $21,442 $32,971 $22,465 $29,579
2016 $19,980 $31,589 $21,388 $28,215
2015 $19,216 $29,608 $20,329 $26,877
2014 $22,121 $28,765 $20,219 $26,756
2013 $21,676 $27,966 $18,580 $24,624
2012 $20,593 $26,476 $17,532 $23,458
2011 $23,247 $26,803 $17,832 $24,550
2010 $22,552 $27,292 $16,623 $23,691
2009 $23,151 $26,472 $16,503 $23,385
2008 $24,949 $26,666 $16,605 $24,102
2007 $22,811 $25,738 $14,758 $21,301
2006 $19,839 $24,677 $13,838 $20,676
2005 $18,780 $22,725 $11,784 $19,500
2004 $18,064 $21,476 $10,945 $17,276
2003 $15,798 $20,850 $10,176 $16,226
2002 $12,937 $20,357 $10,454 $16,619
2001 $11,735 $19,529 $10,023 $16,235
2000 $11,526 $18,883 $9,320 $15,256
1999 $12,475 $17,718 $9,116 $13,754
1998 $12,199 $16,688 $8,711 $13,319
1997 $11,576 $15,789 $8,627 $13,409
1996 $12,185 $14,922 $7,788 $12,498
1995 $11,781 $14,406 $7,406 $11,747
1994 $9,977 $13,578 $7,065 $11,062
1993 $9,535 $13,202 $6,395 $10,418
1992 $10,811 $13,182 $5,947 $9,652
1991 $8,959 $12,739 $5,465 $9,131
1990 $7,885 $11,780 $5,373 $8,983
1989 $6,056 - $4,723 -
1988 $5,624 - $4,206 -
1987 $4,804 - $3,573 -
1986 $3,862 - $3,140 -
1985 $2,705 - $2,651 -
1984 $2,523 - $2,341 -
1983 $2,735 - $2,052 -
1982 $3,080 - $2,023 -
1981 $3,246 - $1,894 -
1980 $3,368 - $1,598 -
1979 $2,756 - $1,367 -
1978 $2,457 - $1,144 -
1977 $2,267 - $1,026 -
1976 $2,173 - $692 -
1975 $2,128 - $765 -
1974 $2,000 - $721 -
1973 $1,748 - $551 -
1972 $1,302 - $521 -
1971 $1,065 - $444 -
1970 $934 - $365 -
1969 $832 - $347 -
1968 $752 - $309 -
1967 $676 - $344 -
1966 $601 - $290 -
1965 $545 - $265.8 -
1964 $490 - $256.4 -
1963 $452 - $240.1 -
1962 $426 - $230.3 -
1961 $400 - $225.6 -
1960 $377 - $221.6 -

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

GeoRank.org/economy/portugal/saint-kitts-and-nevis | CC BY

Portugal's GDP per capita is $29,292, ranking 44/197, compared to $23,961 in Saint Kitts and Nevis, ranking 51/197. Adjusted for purchasing power (GDP per capita PPP), Portugal ranks 42nd at $51,680, while Saint Kitts and Nevis ranks 64th at $34,847.

Economic indicators

Portugal Saint Kitts
Gross domestic product
$313B
2024
$1.12B
2024
GDP rank
46/197
2024
187/197
2024
GDP growth
2.14%
2023-2024
0.31%
2023-2024
GDP per capita
$29,292
2024
$23,961
2024
GDP per capita rank
44/197
2024
51/197
2024
GDP per capita, PPP
$51,680
2024
$34,847
2024
GDP per capita PPP rank
42/197
2024
64/197
2024
Government debt
$297B
2024
$604M
2024
Debt-to-GDP ratio
94.9%
2024
53.8%
2024
Government debt per person
$27,807
2024
$12,897
2024
Government debt per person rank
27/185
2024
44/185
2024
Average annual personal income after taxes
$16,747
2026
$13,301
2026
Market capitalization of domestic companies
$61.9B
2018
n/a
Number of millionaires
171,797
2025
n/a
Number of billionaires
1
2025
n/a
Income share by richest 10%
26.9%
2023
n/a
Income share by poorest 10%
2.7%
2023
n/a
Government expenditure, % of GDP
42.8%
2024
43.2%
2024
Consumer prices inflation
2.42%
2023-2024
1.1%
2023-2024
Unemployment rate
6.43%
2024
5.12%
2001
Population
10667081
47017

Spending and national debt comparison by year

Portugal
Spending

Debt
Saint Kitts and Nevis
Spending

Debt
1x
Year % of GDP
Portugal Saint Kitts
Government spending Government debt Government spending Government debt
2024 42.8% 94.9% 43.2% 53.8%
2023 42.3% 97.7% 43.1% 55.7%
2022 43.9% 111.2% 49.5% 60.3%
2021 47.3% 123.9% 41.2% 69.1%
2020 49.1% 134.1% 36.5% 68%
2019 42.5% 116.1% 37.2% 54.3%
2018 43.3% 121.1% 33.7% 53.9%
2017 45.5% 126% 25.5% 56.2%
2016 44.9% 131.2% 26.1% 57.4%
2015 48.2% 131% 29% 62.2%
2014 51.7% 132.5% 28% 69.3%
2013 50% 130.8% 28.6% 91.5%
2012 48.8% 128.6% 27.2% 121.4%
2011 50% 114% 30.3% 127.1%
2010 51.9% 100.1% 31.2% 134.9%
2009 50.3% 87.8% 30.4% 129.1%
2008 45.5% 75.6% 29.5% 123.4%
2007 44.5% 72.7% 32.2% 135.4%
2006 45.1% 73.7% 32.5% 140.3%
2005 46.8% 72.2% 34.7% 130.1%
2004 46.1% 67.1% 33.7% 153.1%
2003 45.4% 63.9% 30.9% 140.7%
2002 44.2% 60% 35.4% 119.7%
2001 44.1% 57.4% 30.9% 105.2%
2000 42.8% 54.2% 34.6% 96.5%
1999 42.5% 55.4% 33.6% 89.2%
1998 42.6% 55.6% 29.1% 79%
1997 42.4% 58.7% 26.3% 67.2%
1996 43% 63.3% 26.8% 50.7%
1995 42.6% 62.2% 23.7% -
1994 42.8% 60.4% 22.2% -
1993 46.5% 57.2% 21.3% -
1992 48.2% 58.1% 19.8% -
1991 45.9% 63.9% 18.2% -
1990 42.2% 60.2% 19.3% -
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/portugal/saint-kitts-and-nevis | CC BY

In 2024, Portugal's government spending was $134B, accounting for 42.8% of its GDP, while Saint Kitts and Nevis spent $484M, or 43.2% of GDP.

Debt-to-GDP ratio is 94.9% in Portugal and 53.8% in Saint Kitts and Nevis, ranking 27/185 and 97/185, respectively.

Government deficit by year

Deficit/surplus
Portugal

Saint Kitts and Nevis
1x
Year Deficit/surplus, % of GDP
Portugal Saint Kitts
2024 0.7% -11%
2023 1.21% -0.27%
2022 -0.31% -4.16%
2021 -2.83% 5.41%
2020 -5.75% -3.06%
2019 0.12% -0.7%
2018 -0.43% 1.8%
2017 -3% 1.68%
2016 -1.94% 3.77%
2015 -4.37% 5.66%
2014 -7.32% 8.52%
2013 -5.21% 10.9%
2012 -6.2% 4.32%
2011 -7.73% 1.6%
2010 -11.4% -4.15%
2009 -9.87% -1.23%
2008 -3.81% -1.57%
2007 -2.91% -1.03%
2006 -4.07% -1.37%
2005 -6.11% -3.45%
2004 -5.99% -6.6%
2003 -5.66% -5.66%
2002 -3.73% -11.7%
2001 -4.73% -10.9%
2000 -3.35% -13.3%
1999 -2.99% -11.1%
1998 -4.3% -5.13%
1997 -3.65% -2.33%
1996 -4.63% -2.27%
1995 -5.14% 0.9%
1994 -7.37% 0.79%
1993 -8.06% 0.24%
1992 -5.19% 0.5%
1991 -7.93% 0.92%
1990 -6.82% 0.62%
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/portugal/saint-kitts-and-nevis | CC BY

In 2024, Portugal's government surplus, the difference between spending and revenue, was $2.19B, equivalent to 0.7% of GDP. This compares to Saint Kitts and Nevis' deficit of $123M, or 11% of GDP.

Over the past 35 years, Portugal recorded a fiscal deficit in 32 of those years, while Saint Kitts and Nevis ran a deficit in 20 years. On average, Portugal posted an annual deficit equal to 4.6% of GDP, compared to deficit of 1.52% of GDP for Saint Kitts and Nevis.

Inflation comparison by year

Inflation
Portugal

Saint Kitts and Nevis
1x
Year Consumer prices inflation
Portugal Saint Kitts
2024 2.42% 1.1%
2023 4.31% 3.56%
2022 7.83% 2.67%
2021 1.27% 1.2%
2020 -0.01% -1.17%
2019 0.34% -0.33%
2018 0.99% -1.04%
2017 1.37% 0.69%
2016 0.61% -0.69%
2015 0.49% -2.3%
2014 -0.28% 0.25%
2013 0.27% 1.11%
2012 2.77% 0.82%
2011 3.65% 5.84%
2010 1.4% 0.85%
2009 -0.84% 2.06%
2008 2.59% 5.3%
2007 2.45% 4.48%
2006 3.11% 8.49%
2005 2.28% 3.38%
2004 2.37% 2.31%
2003 3.22% 2.24%
2002 3.6% 2.04%
2001 4.37% 2.3%
2000 2.85% 2.15%
1999 2.34% 3.36%
1998 2.57% 3.45%
1997 2.34% 8.91%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/portugal/saint-kitts-and-nevis | CC BY

Over the past 28 years, Portugal has recorded an average annual inflation rate of 2.17%, compared with 2.25% in Saint Kitts and Nevis. In 2024, inflation was 2.42% in Portugal and 1.1% in Saint Kitts and Nevis.

Top exports between countries

Portugal
Export category Export value
Textiles & consumer goods $195K
Machinery & equipment $21K
Chemicals & pharma $8K
Processed food, beverages & tobacco $4K
Saint Kitts
Export category Export value

Balance of trade

Portugal Saint Kitts
Current account balance
$6.51B
2024
-$169M
2024
Current account balance ranking
28/190
2024
96/190
2024
Current account balance, % of GDP
+2.08%
2024
-15.1%
2024
Goods imports
$109B
2024
$404M
2024
Goods exports
$81.4B
2024
$33.7M
2024
Service imports
$27.9B
2024
$239M
2024
Service exports
$62.7B
2024
$471M
2024
Imports of goods and services, % of GDP
43.9%
2024
n/a
Exports of goods and services, % of GDP
45.8%
2024
11%
2025

Economic freedom indices

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

Portugal Saint Kitts
Economic freedom 71.2 62
Economic freedom ranking 33/197 90/197
Property rights 88.9 n/a
Government integrity 63.4 n/a
Judicial effectiveness 90.1 n/a
Tax burden 60.6 n/a
Government spending 44.6 n/a
Fiscal health 82 n/a
Business freedom 83.1 n/a
Labor freedom 54.8 n/a
Monetary freedom 77.7 n/a
Trade freedom 79.4 n/a
Investment freedom 70 n/a
Financial freedom 60 n/a

Other economic metrics

Portugal Saint Kitts
Services, % of GDP
66.3%
2024
66.1%
2024
Industry, % of GDP
18.7%
2024
20.9%
2024
Agriculture, forestry, and fishing, % of GDP
2.02%
2024
1.29%
2024
GNI, Atlas method
$288B
2024
$1.05B
2024
GNI per capita, PPP
$50,730
2024
$34,460
2024
Total reserves including gold
$42.4B
2024
$295M
2024
Total reserves ranking
48/177
2024
168/177
2024
Net foreign direct investment
-$6.64B
2024
-$19.5M
2024
Net inflows of foreign direct investment
$13.5B
2024
$42.1M
2024
Net outflows of foreign direct investment
$6.84B
2024
$8.97M
2024
Poverty at national poverty lines
16.4%
2021
n/a
Gross capital formation, % of GDP
20.4%
2024
n/a

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/portugal/saint-kitts-and-nevis | 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. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  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.