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Economy of Portugal vs Slovenia compared: GDP & Debt

Updated on by Georank team

Portugal has a GDP of $313B compared to $73B for Slovenia, ranking 46/197 and 86/197 by economy size, respectively.

Portugal has $297B in government debt (94.9% of GDP), compared to $48.6B (66.6% of GDP) in Slovenia.

Portugal vs Slovenia GDP by year

Portugal
Slovenia
1x
Year GDP, current $
Portugal Slovenia
2024 $313,271,185,085 $72,972,015,197
2023 $292,323,800,949 $69,255,264,238
2022 $256,898,677,175 $59,899,117,741
2021 $256,055,879,091 $61,540,813,362
2020 $229,618,773,423 $53,384,760,135
2019 $240,115,970,063 $53,909,922,736
2018 $242,092,894,543 $53,689,067,640
2017 $220,862,990,767 $48,153,200,135
2016 $206,305,431,242 $44,290,685,824
2015 $199,038,523,120 $42,709,468,275
2014 $230,078,616,300 $49,514,466,380
2013 $226,677,408,292 $47,867,056,859
2012 $216,536,676,772 $46,167,053,954
2011 $245,426,767,676 $51,199,194,599
2010 $238,443,864,993 $47,793,117,241
2009 $244,667,762,836 $49,975,540,955
2008 $263,416,394,624 $55,509,332,322
2007 $240,496,147,317 $47,880,266,543
2006 $208,756,449,276 $39,260,368,837
2005 $197,253,876,705 $35,947,936,824
2004 $189,382,122,532 $34,156,553,313
2003 $165,226,175,537 $29,360,575,032
2002 $134,795,565,549 $23,214,593,516
2001 $121,604,107,165 $20,668,868,707
2000 $118,605,192,877 $20,159,190,702
1999 $127,470,385,557 $22,609,669,084
1998 $123,946,327,916 $22,058,635,314
1997 $117,016,535,163 $20,726,878,752
1996 $122,630,089,680 $21,470,699,363
1995 $118,122,007,430 $21,367,422,159
1994 $99,688,641,304 $16,400,767,070
1993 $95,009,751,901 $14,449,298,372
1992 $107,592,098,307 $14,277,261,541
1991 $89,233,599,278 $14,454,495,059
1990 $78,713,860,217 $19,832,029,087
1989 $60,594,092,182 -
1988 $56,347,250,696 -
1987 $48,182,925,857 -
1986 $38,745,901,354 -
1985 $27,115,807,742 -
1984 $25,217,969,050 -
1983 $27,239,650,742 -
1982 $30,527,754,793 -
1981 $31,977,276,873 -
1980 $32,896,519,824 -
1979 $26,622,819,672 -
1978 $23,487,614,051 -
1977 $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/portugal/slovenia | CC BY

GDP per capita in Portugal vs Slovenia by year

Portugal
GDP per capita

GDP per capita, PPP
Slovenia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Portugal Slovenia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,292 $51,680 $34,301 $57,186
2023 $27,635 $49,353 $32,660 $56,064
2022 $24,621 $45,250 $28,360 $52,347
2021 $24,711 $38,658 $29,193 $45,914
2020 $22,299 $35,967 $25,392 $41,767
2019 $23,343 $37,866 $25,814 $42,373
2018 $23,541 $34,897 $25,888 $38,620
2017 $21,442 $32,971 $23,303 $36,180
2016 $19,980 $31,589 $21,448 $33,575
2015 $19,216 $29,608 $20,697 $31,336
2014 $22,121 $28,765 $24,013 $30,572
2013 $21,676 $27,966 $23,237 $29,634
2012 $20,593 $26,476 $22,442 $28,787
2011 $23,247 $26,803 $24,941 $28,716
2010 $22,552 $27,292 $23,330 $27,579
2009 $23,151 $26,472 $24,502 $27,229
2008 $24,949 $26,666 $27,462 $29,461
2007 $22,811 $25,738 $23,725 $27,468
2006 $19,839 $24,677 $19,563 $25,571
2005 $18,780 $22,725 $17,970 $23,682
2004 $18,064 $21,476 $17,104 $22,588
2003 $15,798 $20,850 $14,712 $20,916
2002 $12,937 $20,357 $11,639 $20,004
2001 $11,735 $19,529 $10,376 $18,763
2000 $11,526 $18,883 $10,136 $17,892
1999 $12,475 $17,718 $11,401 $17,007
1998 $12,199 $16,688 $11,132 $15,994
1997 $11,576 $15,789 $10,437 $15,257
1996 $12,185 $14,922 $10,797 $14,284
1995 $11,781 $14,406 $10,738 $13,637
1994 $9,977 $13,578 $8,244 $13,975
1993 $9,535 $13,202 $7,255 $12,976
1992 $10,811 $13,182 $7,151 $12,296
1991 $8,959 $12,739 $7,229 $12,698
1990 $7,885 $11,780 $9,925 $13,491
1989 $6,056 - - -
1988 $5,624 - - -
1987 $4,804 - - -
1986 $3,862 - - -
1985 $2,705 - - -
1984 $2,523 - - -
1983 $2,735 - - -
1982 $3,080 - - -
1981 $3,246 - - -
1980 $3,368 - - -
1979 $2,756 - - -
1978 $2,457 - - -
1977 $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/portugal/slovenia | CC BY

Portugal's GDP per capita is $29,292, ranking 44/197, compared to $34,301 in Slovenia, ranking 34/197. Adjusted for purchasing power (GDP per capita PPP), Portugal ranks 42nd at $51,680, while Slovenia ranks 37th at $57,186.

Economic indicators

Portugal Slovenia
Gross domestic product
$313B
2024
$73B
2024
GDP rank
46/197
2024
86/197
2024
GDP growth
2.14%
2023-2024
1.73%
2023-2024
GDP per capita
$29,292
2024
$34,301
2024
GDP per capita rank
44/197
2024
34/197
2024
GDP per capita, PPP
$51,680
2024
$57,186
2024
GDP per capita PPP rank
42/197
2024
37/197
2024
Government debt
$297B
2024
$48.6B
2024
Debt-to-GDP ratio
94.9%
2024
66.6%
2024
Government debt per person
$27,807
2024
$22,842
2024
Government debt per person rank
27/185
2024
29/185
2024
Average annual personal income after taxes
$16,747
2026
$22,215
2026
Market capitalization of domestic companies
$61.9B
2018
$11.4B
2024
Number of millionaires
171,797
2025
n/a
Number of billionaires
1
2025
n/a
Income share by richest 10%
26.9%
2023
20.6%
2023
Income share by poorest 10%
2.7%
2023
4.1%
2023
Government expenditure, % of GDP
42.8%
2024
46.5%
2024
Consumer prices inflation
2.42%
2023-2024
1.97%
2023-2024
Unemployment rate
6.43%
2024
3.7%
2024
Population
10667081
2124138

Spending and national debt comparison by year

Portugal
Spending

Debt
Slovenia
Spending

Debt
1x
Year % of GDP
Portugal Slovenia
Government spending Government debt Government spending Government debt
2024 42.8% 94.9% 46.5% 66.6%
2023 42.3% 97.7% 46.4% 68.3%
2022 43.9% 111.2% 47.7% 72.8%
2021 47.3% 123.9% 49.9% 74.8%
2020 49.1% 134.1% 51.8% 80.2%
2019 42.5% 116.1% 43.8% 66%
2018 43.3% 121.1% 44.1% 71%
2017 45.5% 126% 44.6% 74.9%
2016 44.9% 131.2% 46.9% 79.4%
2015 48.2% 131% 49.5% 83.4%
2014 51.7% 132.5% 50.6% 81.1%
2013 50% 130.8% 57.7% 70.8%
2012 48.8% 128.6% 50% 54.1%
2011 50% 114% 51.4% 46.8%
2010 51.9% 100.1% 50.7% 38.6%
2009 50.3% 87.8% 50% 34.9%
2008 45.5% 75.6% 45.2% 21.9%
2007 44.5% 72.7% 43.5% 22.9%
2006 45.1% 73.7% 45.7% 26.2%
2005 46.8% 72.2% 46.7% 26.6%
2004 46.1% 67.1% 46.9% 27.1%
2003 45.4% 63.9% 47.6% 27%
2002 44.2% 60% 47.8% 27.7%
2001 44.1% 57.4% 49.2% 26.3%
2000 42.8% 54.2% 47.8% 26.1%
1999 42.5% 55.4% 47.2% 23.8%
1998 42.6% 55.6% 46.4% 22.8%
1997 42.4% 58.7% 45.4% 22.1%
1996 43% 63.3% 45.2% 21.6%
1995 42.6% 62.2% 53% 18.2%
1994 42.8% 60.4% - -
1993 46.5% 57.2% - -
1992 48.2% 58.1% - -
1991 45.9% 63.9% - -
1990 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/portugal/slovenia | CC BY

In 2024, Portugal's government spending was $134B, accounting for 42.8% of its GDP, while Slovenia spent $33.9B, or 46.5% of GDP.

Debt-to-GDP ratio is 94.9% in Portugal and 66.6% in Slovenia, ranking 27/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Portugal

Slovenia
1x
Year Deficit/surplus, % of GDP
Portugal Slovenia
2024 0.7% -0.93%
2023 1.21% -2.59%
2022 -0.31% -3.02%
2021 -2.83% -4.61%
2020 -5.75% -7.68%
2019 0.12% 0.68%
2018 -0.43% 0.9%
2017 -3% 0.05%
2016 -1.94% -2%
2015 -4.37% -2.84%
2014 -7.32% -4.53%
2013 -5.21% -11.2%
2012 -6.2% -4.2%
2011 -7.73% -6.69%
2010 -11.4% -5.56%
2009 -9.87% -5.87%
2008 -3.81% -1.44%
2007 -2.91% -0.08%
2006 -4.07% -1.26%
2005 -6.11% -1.38%
2004 -5.99% -1.98%
2003 -5.66% -2.66%
2002 -3.73% -2.47%
2001 -4.73% -4.58%
2000 -3.35% -3.77%
1999 -2.99% -3.04%
1998 -4.3% -2.39%
1997 -3.65% -2.37%
1996 -4.63% -1.16%
1995 -5.14% -8.19%
1994 -7.37% -
1993 -8.06% -
1992 -5.19% -
1991 -7.93% -
1990 -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/portugal/slovenia | 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 Slovenia's deficit of $681M, or 0.93% of GDP.

Over the past 30 years, Portugal recorded a fiscal deficit in 27 of those years, while Slovenia ran a deficit in 27 years. On average, Portugal posted an annual deficit equal to 4.18% of GDP, compared to deficit of 3.23% of GDP for Slovenia.

Inflation comparison by year

Inflation
Portugal

Slovenia
1x
Year Consumer prices inflation
Portugal Slovenia
2024 2.42% 1.97%
2023 4.31% 7.45%
2022 7.83% 8.83%
2021 1.27% 1.92%
2020 -0.01% -0.05%
2019 0.34% 1.63%
2018 0.99% 1.74%
2017 1.37% 1.43%
2016 0.61% -0.05%
2015 0.49% -0.53%
2014 -0.28% 0.2%
2013 0.27% 1.77%
2012 2.77% 2.6%
2011 3.65% 1.8%
2010 1.4% 1.8%
2009 -0.84% 0.84%
2008 2.59% 5.65%
2007 2.45% 3.66%
2006 3.11% 2.46%
2005 2.28% 2.45%
2004 2.37% 3.59%
2003 3.22% 5.54%
2002 3.6% 7.48%
2001 4.37% 8.38%
2000 2.85% 8.91%
1999 2.34% 6.16%
1998 2.57% 7.89%
1997 2.34% 8.36%

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

GeoRank.org/economy/portugal/slovenia | CC BY

Over the past 28 years, Portugal has recorded an average annual inflation rate of 2.17%, compared with 3.71% in Slovenia. In 2024, inflation was 2.42% in Portugal and 1.97% in Slovenia.

Top exports between countries

Portugal
Export category Export value
Machinery & equipment $44.4M
Chemicals & pharma $13.7M
Textiles & consumer goods $13M
Transport & tourism services $4.32M
Raw materials & minerals $3.25M
Wood & paper products $2.7M
Processed food, beverages & tobacco $2.58M
Metals $1.77M
Animal & marine products $1.3M
Raw agricultural goods $1.03M
Slovenia
Export category Export value
Machinery & equipment $80.5M
Chemicals & pharma $51.1M
Wood & paper products $12.7M
Textiles & consumer goods $12.1M
Processed food, beverages & tobacco $10.5M
Metals $9.86M
Raw materials & minerals $6.84M
Transport & tourism services $4.22M
Animal & marine products $3.19M
Manufacturing & construction services $2.96M

Balance of trade

Portugal Slovenia
Current account balance
$6.51B
2024
$3.32B
2024
Current account balance ranking
28/190
2024
37/190
2024
Current account balance, % of GDP
+2.08%
2024
+4.55%
2024
Goods imports
$109B
2024
$45.2B
2024
Goods exports
$81.4B
2024
$45.6B
2024
Service imports
$27.9B
2024
$9.52B
2024
Service exports
$62.7B
2024
$13.6B
2024
Imports of goods and services, % of GDP
43.9%
2024
74.7%
2024
Exports of goods and services, % of GDP
45.8%
2024
80.9%
2024

Economic freedom indices

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

Portugal Slovenia
Economic freedom 71.2 69.7
Economic freedom ranking 33/197 40/197
Property rights 88.9 87.6
Government integrity 63.4 66.1
Judicial effectiveness 90.1 91.6
Tax burden 60.6 55.5
Government spending 44.6 34.1
Fiscal health 82 83.5
Business freedom 83.1 78.7
Labor freedom 54.8 62.7
Monetary freedom 77.7 77.5
Trade freedom 79.4 79.4
Investment freedom 70 70
Financial freedom 60 50

Economic freedom comparison by year

Portugal
Slovenia
1x
Year Economic freedom index
Portugal Slovenia
2026 71.2 69.7
2025 70.5 68.3
2024 68.7 65.9
2023 69.5 68.5
2022 70.8 70.5
2021 67.5 68.3
2020 67 67.8
2019 65.3 65.5
2018 63.4 64.8
2017 62.6 59.2
2016 65.1 60.6
2015 65.3 60.3
2014 63.5 62.7
2013 63.1 61.7
2012 63 62.9
2011 64 64.6
2010 64.4 64.7
2009 64.9 62.9
2008 63.9 60.2
2007 64 59.6
2006 62.9 61.9
2005 62.4 59.6
2004 64.9 59.2
2003 64.9 57.7
2002 65.4 57.8
2001 66 61.8
2000 65.5 58.3
1999 65.6 61.3
1998 65 60.7
1997 63.6 55.6
1996 64.5 50.4
1995 62.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/portugal/slovenia | CC BY

The Economic Freedom Index for Portugal is 71.2, ranking 33/197, compared to 69.7 for Slovenia, ranking 40/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Portugal Slovenia
Services, % of GDP
66.3%
2024
57.9%
2024
Industry, % of GDP
18.7%
2024
29.1%
2024
Agriculture, forestry, and fishing, % of GDP
2.02%
2024
1.54%
2024
GNI, Atlas method
$288B
2024
$67.6B
2024
GNI per capita, PPP
$50,730
2024
$56,520
2024
Total reserves including gold
$42.4B
2024
$2.83B
2024
Total reserves ranking
48/177
2024
118/177
2024
Net foreign direct investment
-$6.64B
2024
-$405M
2024
Net inflows of foreign direct investment
$13.5B
2024
$1.87B
2024
Net outflows of foreign direct investment
$6.84B
2024
$1.46B
2024
Poverty at national poverty lines
16.4%
2021
12.7%
2022
Gross capital formation, % of GDP
20.4%
2024
21.5%
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/portugal/slovenia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.