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Economy of Portugal vs Tajikistan compared: GDP & Debt

Updated on by Georank team

Portugal has a GDP of $309B compared to $14.2B for Tajikistan, ranking 47/197 and 145/197 by economy size, respectively.

Portugal has $293B in government debt (91.8% of GDP), compared to $4.2B (28.4% of GDP) in Tajikistan.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Portugal
GDP, current $

GDP, constant 2015 $
Tajikistan
GDP, current $

GDP, constant 2015 $
Year GDP
Portugal Tajikistan
Current $ Constant $ Current $ Constant $
1960 $3,339,150,158 $36,024,040,923 - -
1961 $3,573,719,085 $38,017,936,816 - -
1962 $3,835,883,663 $40,532,613,390 - -
1963 $4,084,251,593 $42,913,378,360 - -
1964 $4,429,202,657 $45,621,533,262 - -
1965 $4,901,711,248 $49,029,000,348 - -
1966 $5,370,108,031 $51,028,358,579 - -
1967 $6,002,607,030 $54,878,184,176 - -
1968 $6,644,693,214 $59,748,902,480 - -
1969 $7,287,555,035 $61,016,022,049 - -
1970 $8,108,235,704 $66,576,925,869 - -
1971 $9,201,604,240 $70,992,075,652 - -
1972 $11,239,117,865 $76,682,584,737 - -
1973 $15,090,564,186 $85,271,549,458 - -
1974 $17,512,391,476 $86,246,084,606 - -
1975 $19,347,607,843 $82,496,422,616 - -
1976 $20,332,831,565 $88,188,866,692 - -
1977 $21,439,523,311 $93,129,733,120 - -
1978 $23,487,614,051 $95,752,234,803 - -
1979 $26,622,819,672 $101,151,643,316 - -
1980 $32,896,519,824 $105,793,836,370 - -
1981 $31,977,276,873 $107,505,690,008 - -
1982 $30,527,754,793 $109,801,340,397 - -
1983 $27,239,650,742 $109,611,259,497 - -
1984 $25,217,969,050 $107,550,590,904 - -
1985 $27,115,807,742 $110,570,008,771 - $6,548,213,772
1986 $38,745,901,354 $115,148,663,222 - $6,777,401,246
1987 $48,182,925,857 $122,496,753,008 - $6,696,072,428
1988 $56,347,250,696 $131,670,667,369 - $7,626,826,568
1989 $60,594,092,182 $140,151,099,387 - $7,131,082,791
1990 $78,713,860,217 $145,687,801,045 $2,629,395,066 $7,088,296,320
1991 $89,233,599,278 $152,051,745,567 $2,536,585,366 $6,585,027,346
1992 $107,592,098,307 $153,708,313,184 $1,908,554,572 $4,675,369,346
1993 $95,009,751,901 $150,567,627,136 $1,646,623,195 $3,908,608,781
1994 $99,688,641,304 $152,020,361,238 $1,522,001,206 $3,076,075,188
1995 $118,122,007,430 $158,531,059,083 $1,231,561,860 $2,694,139,780
1996 $122,630,089,680 $164,086,378,186 $1,043,654,822 $2,244,218,479
1997 $117,016,535,163 $171,307,602,501 $921,518,033 $2,281,936,479
1998 $123,946,327,916 $179,544,008,921 $1,320,199,582 $2,403,172,744
1999 $127,470,385,557 $186,558,035,268 $1,086,612,290 $2,492,079,339
2000 $118,605,192,877 $193,677,420,326 $860,541,842 $2,699,528,109
2001 $121,604,107,165 $197,441,874,356 $1,080,772,551 $2,958,165,475
2002 $134,795,565,549 $198,964,002,686 $1,221,106,220 $3,277,647,458
2003 $165,226,175,537 $197,112,600,778 $1,555,318,261 $3,638,188,648
2004 $189,382,122,532 $200,638,423,883 $2,076,176,869 $4,012,922,040
2005 $197,253,876,705 $202,207,110,515 $2,312,352,021 $4,281,787,757
2006 $208,756,449,276 $205,493,047,483 $2,830,213,849 $4,581,513,037
2007 $240,496,147,317 $210,643,893,808 $3,719,524,541 $4,938,871,060
2008 $263,416,394,624 $211,316,368,842 $5,161,299,725 $5,329,041,788
2009 $244,667,762,836 $204,718,906,430 $4,979,472,364 $5,536,874,479
2010 $238,443,864,993 $208,276,152,361 $5,642,221,099 $5,896,771,270
2011 $245,426,767,676 $204,707,283,317 $6,522,756,255 $6,333,132,379
2012 $216,536,676,772 $196,414,790,540 $7,633,036,903 $6,808,117,273
2013 $226,677,408,292 $194,481,859,683 $8,448,411,318 $7,311,917,934
2014 $230,078,616,300 $195,923,731,498 $9,112,605,459 $7,801,816,486
2015 $199,038,523,120 $199,038,523,120 $8,271,431,485 $8,271,431,485
2016 $206,305,431,242 $203,027,536,337 $6,992,416,097 $8,842,160,258
2017 $220,862,990,767 $209,757,331,835 $7,536,402,853 $9,469,953,673
2018 $242,092,894,543 $215,937,375,270 $7,764,999,999 $10,189,670,047
2019 $240,115,970,063 $221,866,334,951 $8,300,813,599 $10,943,705,647
2020 $229,618,773,423 $203,663,018,609 $8,133,963,551 $11,425,228,817
2021 $256,055,879,091 $214,984,152,370 $8,937,805,347 $12,499,200,275
2022 $256,898,675,069 $230,002,605,109 $10,713,525,200 $13,499,136,339
2023 $289,696,962,620 $236,012,868,834 $12,244,169,293 $14,619,564,550
2024 $308,683,317,393 $240,564,244,985 $14,204,575,549 $15,847,607,944

Economic indicators

Portugal Tajikistan
Gross domestic product
$309B
2024
$14.2B
2024
GDP rank
47/197
2024
145/197
2024
GDP growth
6.55%
2023-2024
16%
2023-2024
GDP per capita
$28,844
2024
$1,341
2024
GDP per capita rank
44/197
2024
167/197
2024
GDP per capita, PPP
$50,617
2024
$5,406
2024
Government debt
$293B
2024
$4.2B
2024
Debt-to-GDP ratio
91.8%
2025
28.4%
2025
Government debt per person
$27,381
2024
$396
2024
Government debt per person rank
26/185
2024
171/185
2024
Average annual personal income after taxes
$15,657
2025
$2,250
2025
Market capitalization of domestic companies
$61.9B
2018
n/a
Number of millionaires
171,797
2024
n/a
Number of billionaires
1
2025
n/a
Income share by richest 10%
26.9%
2023
28.2%
2024
Income share by poorest 10%
2.7%
2023
2.9%
2024
Government expenditure, % of GDP
43.7%
2025
30.3%
2025
Consumer prices inflation
2.42%
2023-2024
3.8%
2024-2025
Central bank interest rate n/a
7.75%
2025
Unemployment rate
6.43%
2024
0.08%
2016
Population
10687819
10940854

GDP per capita in Portugal vs Tajikistan

Portugal's GDP per capita is $28,844, ranking 44/197, compared to $1,341 in Tajikistan, ranking 167/197. Adjusted for purchasing power (GDP per capita PPP), Portugal ranks 42nd at $50,617, while Tajikistan ranks 156th at $5,406.

Portugal
GDP per capita

GDP per capita, PPP
Tajikistan
GDP per capita

GDP per capita, PPP
Year Current $
Portugal Tajikistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $377 - - -
1961 $400 - - -
1962 $426 - - -
1963 $452 - - -
1964 $490 - - -
1965 $545 - - -
1966 $601 - - -
1967 $676 - - -
1968 $752 - - -
1969 $832 - - -
1970 $934 - - -
1971 $1,065 - - -
1972 $1,302 - - -
1973 $1,748 - - -
1974 $2,000 - - -
1975 $2,128 - - -
1976 $2,173 - - -
1977 $2,267 - - -
1978 $2,457 - - -
1979 $2,756 - - -
1980 $3,368 - - -
1981 $3,246 - - -
1982 $3,080 - - -
1983 $2,735 - - -
1984 $2,523 - - -
1985 $2,705 - - -
1986 $3,862 - - -
1987 $4,804 - - -
1988 $5,624 - - -
1989 $6,056 - - -
1990 $7,885 $11,772 $487 $2,583
1991 $8,959 $12,731 $458 $2,417
1992 $10,811 $13,173 $338 $1,721
1993 $9,535 $13,194 $287.6 $1,454
1994 $9,977 $13,569 $261.3 $1,148
1995 $11,781 $14,397 $207 $1,006
1996 $12,185 $14,916 $172 $836
1997 $11,576 $15,786 $150.1 $855
1998 $12,199 $16,687 $213.7 $905
1999 $12,475 $17,718 $175 $947
2000 $11,526 $18,879 $136.9 $1,036
2001 $11,735 $19,531 $168.7 $1,139
2002 $12,937 $20,357 $187 $1,257
2003 $15,798 $20,852 $233.6 $1,396
2004 $18,064 $21,478 $306 $1,550
2005 $18,780 $22,725 $334 $1,673
2006 $19,839 $24,683 $401 $1,810
2007 $22,811 $25,739 $517 $1,966
2008 $24,949 $26,666 $703 $2,120
2009 $23,151 $26,458 $665 $2,171
2010 $22,552 $27,295 $737 $2,291
2011 $23,247 $26,803 $834 $2,456
2012 $20,593 $26,476 $952 $2,679
2013 $21,676 $27,966 $1,028 $2,919
2014 $22,121 $28,765 $1,082 $3,152
2015 $19,216 $29,616 $957 $2,975
2016 $19,980 $31,589 $789 $2,914
2017 $21,442 $32,971 $829 $3,017
2018 $23,541 $34,897 $834 $3,069
2019 $23,343 $37,866 $871 $3,460
2020 $22,299 $35,967 $834 $3,654
2021 $24,711 $38,658 $897 $3,986
2022 $24,621 $44,557 $1,052 $4,514
2023 $27,386 $47,426 $1,178 $4,964
2024 $28,844 $50,617 $1,341 $5,406

Spending and national debt comparison

In 2024, Portugal's government spending was $132B, accounting for 43.7% of its GDP, while Tajikistan's spent $4.27B, or 30.3% of GDP.

Debt-to-GDP ratio is 91.8% in Portugal and 28.4% in Tajikistan, ranking 32/185 and 161/185, respectively.

Portugal
Government spending

Government debt
Tajikistan
Government spending

Government debt
Year % of GDP
Portugal Tajikistan
Government spending Government debt Government spending Government debt
1960 14.3% 16.4% - -
1961 14.6% 17.1% - -
1962 14.5% 18.7% - -
1963 14.6% 20.8% - -
1964 13.9% 21.9% - -
1965 13.4% 20.4% - -
1966 14.4% 20.2% - -
1967 14.1% 18.5% - -
1968 14.3% 17.2% - -
1969 14.9% 16.8% - -
1970 15.5% 16.5% - -
1971 15.5% 15.7% - -
1972 22.8% 14.5% - -
1973 25.7% 13.6% - -
1974 25.8% 13.5% - -
1975 31.9% 19.2% - -
1976 38.2% 24.5% - -
1977 35.1% 26.9% - -
1978 31.7% 31.4% - -
1979 30.8% 35.2% - -
1980 32.4% 31% - -
1981 35.3% 39.3% - -
1982 35.8% 43% - -
1983 34.7% 46.7% - -
1984 34.6% 51.3% - -
1985 37.5% 59.4% - -
1986 38.9% 59.8% - -
1987 37.5% 57.2% - -
1988 36.2% 56.8% - -
1989 36.2% 55.4% - -
1990 42.2% 60.2% - -
1991 45.9% 63.9% - -
1992 48.2% 58.1% - -
1993 46.5% 57.2% - -
1994 42.8% 60.4% - -
1995 42.6% 62.2% - -
1996 43% 63.3% - -
1997 42.4% 58.7% - -
1998 42.6% 55.6% 17.1% 96.6%
1999 42.5% 55.4% 17.5% 107.8%
2000 42.8% 54.2% 18.1% 111.4%
2001 44.1% 57.4% 17.3% 99.4%
2002 44.2% 60% 19.1% 98.3%
2003 45.3% 63.9% 19.1% 69.8%
2004 46% 67.1% 20.2% 49.4%
2005 46.7% 72.2% 22.9% 45.8%
2006 45.2% 73.7% 21.6% 36.8%
2007 44.5% 72.7% 20.3% 34.3%
2008 45.3% 75.6% 20.2% 30.2%
2009 50.2% 87.8% 23.6% 36.9%
2010 51.8% 100.1% 25.9% 36.8%
2011 50% 114% 24.3% 35.5%
2012 48.8% 128.6% 24.7% 32.5%
2013 49.9% 130.8% 27.7% 29.3%
2014 51.6% 132.5% 27.5% 27.9%
2015 48.2% 131% 31.9% 35%
2016 44.9% 131.2% 32.7% 42.2%
2017 45.5% 126% 33.8% 46.3%
2018 43.3% 121.1% 30.9% 46.6%
2019 42.4% 116.1% 28.8% 43.5%
2020 49.1% 134.1% 29.2% 51.8%
2021 47.4% 123.9% 27.6% 42.1%
2022 43.8% 111.2% 28% 32.5%
2023 42% 97.7% 31% 30.9%
2024 42.8% 94.9% 30% 29.5%
2025 43.7% 91.8% 30.3% 28.4%

Government deficit by year

In 2024, Portugal's government surplus, the difference between spending and revenue, was $2.16B, equivalent to 0.7% of GDP. This compares to Tajikistan's deficit of -$355M, or -2.5% of GDP.

Over the past 27 years, Portugal recorded a fiscal deficit in 24 of those years, while Tajikistan ran a deficit in 21 years. On average, Portugal posted an annual deficit equal to -4.14% of GDP, compared to deficit of -1.66% of GDP for Tajikistan.

Deficit/surplus
Portugal

Tajikistan
Year Deficit/surplus, % of GDP
Portugal Tajikistan
1880 -1.63% -
1881 -1.2% -
1882 -0.39% -
1883 -1.1% -
1884 -1.48% -
1885 -1.68% -
1886 -1.43% -
1887 -0.67% -
1888 -2.14% -
1889 -1.95% -
1890 -2.01% -
1891 -2.15% -
1892 -0.8% -
1893 -0.02% -
1894 -0.16% -
1895 -0.2% -
1896 -1.35% -
1897 -0.93% -
1898 -0.5% -
1899 -0.77% -
1900 -0.35% -
1901 -0.69% -
1902 -0.5% -
1903 -0.91% -
1904 -0.26% -
1905 -0.75% -
1906 -0.45% -
1907 -0.69% -
1908 -0.56% -
1909 -0.82% -
1910 -0.19% -
1911 -0.73% -
1912 -0.02% -
1913 -0.34% -
1914 -0.34% -
1915 -0.34% -
1916 -0.34% -
1917 -5.49% -
1918 -8.3% -
1919 -8.83% -
1920 -5.66% -
1921 -6.5% -
1922 -10% -
1923 -3.47% -
1924 -3.16% -
1925 -1.48% -
1926 -4.21% -
1927 -2.27% -
1928 0.2% -
1929 1.86% -
1930 0.79% -
1931 0.04% -
1932 -0.03% -
1933 -0.07% -
1934 0.6% -
1935 0.75% -
1936 0.08% -
1937 -0.09% -
1938 -0.08% -
1939 -0.73% -
1940 -1.74% -
1941 -0.08% -
1942 -0.35% -
1943 0.03% -
1944 -1.44% -
1945 -2.38% -
1946 -2.32% -
1947 -1.65% -
1948 -2.04% -
1949 -0.46% -
1950 -0.83% -
1951 0.94% -
1952 -0.34% -
1953 -0.35% -
1954 -0.58% -
1955 -0.31% -
1956 -0.18% -
1957 0.08% -
1958 -0.52% -
1959 -1.73% -
1960 -3.13% -
1961 -3.17% -
1962 -1.69% -
1963 -3.33% -
1964 -1.93% -
1965 -0.03% -
1966 -2% -
1967 -0.46% -
1968 -1.24% -
1969 -1.53% -
1970 -0.24% -
1971 -0.23% -
1972 -7.72% -
1973 -5.39% -
1974 -3.2% -
1975 -7.1% -
1976 -10.2% -
1977 -7.5% -
1978 -7.15% -
1979 -6.08% -
1980 -6.92% -
1981 -8.34% -
1982 -7.02% -
1983 -4.86% -
1984 -5.23% -
1985 -8.35% -
1986 -7.45% -
1987 -6.79% -
1988 -3.52% -
1989 -2.86% -
1990 -6.82% -
1991 -7.93% -
1992 -5.19% -
1993 -8.06% -
1994 -7.37% -
1995 -5.14% -
1996 -4.63% -
1997 -3.65% -
1998 -4.3% -5.09%
1999 -2.99% -4.03%
2000 -3.4% -4.51%
2001 -4.78% -2.11%
2002 -3.78% -2.4%
2003 -5.62% -1.74%
2004 -5.97% -2.32%
2005 -6.11% -2.83%
2006 -4.09% 2%
2007 -2.94% 2.13%
2008 -3.7% 1.94%
2009 -9.87% -0.2%
2010 -11.4% -2.71%
2011 -7.65% 0.6%
2012 -6.17% 0.41%
2013 -5.1% -0.73%
2014 -7.3% 0.92%
2015 -4.35% -1.96%
2016 -1.94% -2.91%
2017 -2.96% -5.65%
2018 -0.35% -2.69%
2019 0.08% -2.04%
2020 -5.81% -4.34%
2021 -2.87% -0.67%
2022 -0.32% -0.23%
2023 1.19% -1.27%
2024 0.7% -2.5%
2025 0.52% -2.5%

Inflation comparison by year

Over the past 29 years, Portugal has recorded an average annual inflation rate of 2.2%, compared with 29% in Tajikistan. In 2024, inflation was 2.42% in Portugal and 3.8% in Tajikistan.

Inflation
Portugal

Tajikistan
Year Inflation
Portugal Tajikistan Portugal Tajikistan
1996 3.07% 419%
1997 2.34% 88%
1998 2.57% 43.2%
1999 2.34% 27.5%
2000 2.85% 32.9%
2001 4.37% 38.6%
2002 3.6% 12.2%
2003 3.22% 16.4%
2004 2.37% 7.2%
2005 2.28% 7.3%
2006 3.11% 10%
2007 2.45% 13.2%
2008 2.59% 20.4%
2009 -0.84% 6.4%
2010 1.4% 6.5%
2011 3.65% 12.4%
2012 2.77% 5.8%
2013 0.27% 5%
2014 -0.28% 6.1%
2015 0.49% 5.8%
2016 0.61% 5.9%
2017 1.37% 7.3%
2018 0.99% 3.8%
2019 0.34% 7.8%
2020 -0.01% 8.6%
2021 1.27% 9%
2022 7.83% 6.6%
2023 4.31% 3.7%
2024 2.42% 3.5%
2025 - 3.8%

Top exports between countries

Portugal
Export category Export value
Machinery & equipment $2.13M
Metals $212K
Raw materials & minerals $35K
Textiles & consumer goods $12K
Tajikistan
Export category Export value
Animal & marine products $136K

Balance of trade

Portugal Tajikistan
Current account balance
$6.71B
2024
$887M
2024
Current account balance ranking
27/189
2024
53/189
2024
Current account balance, % of GDP
+2.17%
2024
+6.24%
2024
Goods imports
$109B
2024
$5.94B
2024
Goods exports
$81.9B
2024
$1.42B
2024
Service imports
$27.7B
2024
$971M
2024
Service exports
$62.3B
2024
$195M
2024
Imports of goods and services, % of GDP
44.7%
2024
48.4%
2023
Exports of goods and services, % of GDP
46.5%
2024
17.2%
2023

Economic freedom indices

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

Portugal Tajikistan
Economic freedom 70.5 51.5
Economic freedom ranking 31/197 152/197
Property rights 90.1 28.8
Government integrity 63.9 15.7
Judicial effectiveness 91.3 11.2
Tax burden 59.8 92.3
Government spending 40.2 75
Fiscal health 79.7 97.3
Business freedom 79.6 56.2
Labor freedom 57.1 43.6
Monetary freedom 75.1 71
Trade freedom 79.6 72.2
Investment freedom 70 25
Financial freedom 60 30

Economic freedom by year comparison

The Economic Freedom Index for Portugal is 70.5, ranking 31/197, compared to 51.5 for Tajikistan, ranking 152/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Portugal
Tajikistan
Year Economic freedom index
Portugal Tajikistan
1995 62.4 -
1996 64.5 -
1997 63.6 -
1998 65 41.1
1999 65.6 41.2
2000 65.5 44.8
2001 66 46.8
2002 65.4 47.3
2003 64.9 46.5
2004 64.9 48.7
2005 62.4 50.4
2006 62.9 52.6
2007 64 53.6
2008 63.9 54.4
2009 64.9 54.6
2010 64.4 53
2011 64 53.5
2012 63 53.4
2013 63.1 53.4
2014 63.5 52
2015 65.3 52.7
2016 65.1 51.3
2017 62.6 58.2
2018 63.4 58.3
2019 65.3 55.6
2020 67 52.2
2021 67.5 55.2
2022 70.8 49.7
2023 69.5 50.6
2024 68.7 51.3
2025 70.5 51.5

More economic indicators

Portugal Tajikistan
Services, % of GDP
66.4%
2024
34.7%
2023
Industry, % of GDP
18.4%
2024
33.6%
2023
Agriculture, forestry, and fishing, % of GDP
1.97%
2024
22.9%
2023
GNI, Atlas method
$285B
2024
$17.5B
2024
GNI per capita, PPP
$49,690
2024
$7,100
2024
Total reserves including gold
$42.4B
2024
$3.3B
2023
Total reserves ranking
48/177
2024
117/177
2023
Net foreign direct investment
-$6.47B
2024
-$190M
2024
Net inflows of foreign direct investment
$13.2B
2024
$291M
2024
Net outflows of foreign direct investment
$6.71B
2024
$101M
2024
Servicing debt to the IMF, % of GNI
n/a
3.78%
2023
Poverty at national poverty lines
16.4%
2021
19.8%
2024
Gross capital formation, % of GDP
20.1%
2024
31.7%
2023

GDP per capita map

GDP per capita

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Economy comparisons

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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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.