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Economy of Portugal vs Yemen compared: GDP & Debt

Updated on by Georank team

Portugal has a GDP of $313B compared to $21.6B for Yemen, ranking 46/197 and 125/197 by economy size, respectively.

Portugal has $297B in government debt (94.9% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Portugal vs Yemen GDP by year

Portugal
Yemen
1x
Year GDP, current $
Portugal Yemen
2024 $313,271,185,085 -
2023 $292,323,800,949 -
2022 $256,898,677,175 -
2021 $256,055,879,091 -
2020 $229,618,773,423 -
2019 $240,115,970,063 -
2018 $242,092,894,543 $21,606,160,663
2017 $220,862,990,767 $26,842,229,045
2016 $206,305,431,242 $31,317,825,274
2015 $199,038,523,120 $42,444,490,074
2014 $230,078,616,300 $43,228,585,321
2013 $226,677,408,292 $40,415,233,436
2012 $216,536,676,772 $35,401,331,610
2011 $245,426,767,676 $32,726,417,878
2010 $238,443,864,993 $30,906,749,533
2009 $244,667,762,836 $25,130,278,213
2008 $263,416,394,624 $26,910,855,807
2007 $240,496,147,317 $21,650,528,674
2006 $208,756,449,276 $19,063,143,370
2005 $197,253,876,705 $16,731,566,717
2004 $189,382,122,532 $13,867,634,371
2003 $165,226,175,537 $11,777,532,662
2002 $134,795,565,549 $10,693,430,511
2001 $121,604,107,165 $9,852,990,693
2000 $118,605,192,877 $9,679,316,770
1999 $127,470,385,557 $7,639,325,296
1998 $123,946,327,916 $6,322,175,566
1997 $117,016,535,163 $6,838,298,531
1996 $122,630,089,680 $6,496,163,616
1995 $118,122,007,430 $12,796,345,679
1994 $99,688,641,304 $28,019,483,764
1993 $95,009,751,901 $21,736,802,664
1992 $107,592,098,307 $17,959,367,194
1991 $89,233,599,278 $14,665,445,462
1990 $78,713,860,217 $12,643,821,569
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/yemen | CC BY

GDP per capita in Portugal vs Yemen by year

Portugal
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Portugal Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,292 $51,680 - -
2023 $27,635 $49,353 - -
2022 $24,621 $45,250 - -
2021 $24,711 $38,658 - -
2020 $22,299 $35,967 - -
2019 $23,343 $37,866 - -
2018 $23,541 $34,897 $634 -
2017 $21,442 $32,971 $811 -
2016 $19,980 $31,589 $975 -
2015 $19,216 $29,608 $1,362 -
2014 $22,121 $28,765 $1,430 -
2013 $21,676 $27,966 $1,379 $3,164
2012 $20,593 $26,476 $1,245 $3,005
2011 $23,247 $26,803 $1,186 $3,113
2010 $22,552 $27,292 $1,155 $3,603
2009 $23,151 $26,472 $969 $3,411
2008 $24,949 $26,666 $1,072 $3,370
2007 $22,811 $25,738 $890 $3,294
2006 $19,839 $24,677 $810 $3,205
2005 $18,780 $22,725 $734 $3,113
2004 $18,064 $21,476 $628 $2,949
2003 $15,798 $20,850 $549 $2,844
2002 $12,937 $20,357 $513 $2,768
2001 $11,735 $19,529 $487 $2,702
2000 $11,526 $18,883 $493 $2,624
1999 $12,475 $17,718 $401 $2,492
1998 $12,199 $16,688 $343 $2,442
1997 $11,576 $15,789 $383 $2,351
1996 $12,185 $14,922 $375 $2,268
1995 $11,781 $14,406 $764 $2,201
1994 $9,977 $13,578 $1,735 $2,115
1993 $9,535 $13,202 $1,397 $2,013
1992 $10,811 $13,182 $1,198 $1,963
1991 $8,959 $12,739 $1,016 $1,843
1990 $7,885 $11,780 $910 $1,742
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/yemen | CC BY

Portugal's GDP per capita is $29,292, ranking 44/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Portugal ranks 42nd at $51,680, while Yemen ranks 178th at $3,164.

Economic indicators

Portugal Yemen
Gross domestic product
$313B
2024
$21.6B
2018
GDP rank
46/197
2024
125/197
2018
GDP growth
2.14%
2023-2024
0.75%
2017-2018
GDP per capita
$29,292
2024
$634
2018
GDP per capita rank
44/197
2024
191/197
2018
GDP per capita, PPP
$51,680
2024
$3,164
2013
GDP per capita PPP rank
42/197
2024
178/197
2013
Government debt
$297B
2024
$18.8B
2018
Debt-to-GDP ratio
94.9%
2024
70.9%
2024
Government debt per person
$27,807
2024
$551
2018
Government debt per person rank
27/185
2024
165/185
2018
Average annual personal income after taxes
$16,747
2026
$1,127
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
29.4%
2014
Income share by poorest 10%
2.7%
2023
3%
2014
Government expenditure, % of GDP
42.8%
2024
8.91%
2024
Consumer prices inflation
2.42%
2023-2024
33.9%
2023-2024
Unemployment rate
6.43%
2024
13.5%
2014
Population
10667081
43325643

Spending and national debt comparison by year

Portugal
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Portugal Yemen
Government spending Government debt Government spending Government debt
2024 42.8% 94.9% 8.91% 70.9%
2023 42.3% 97.7% 11.8% 77.9%
2022 43.9% 111.2% 12.2% 65.3%
2021 47.3% 123.9% 8.22% 75.9%
2020 49.1% 134.1% 10.6% 87%
2019 42.5% 116.1% 13.2% 91.5%
2018 43.3% 121.1% 14.3% 86.9%
2017 45.5% 126% 8.39% 83.8%
2016 44.9% 131.2% 16.1% 76.5%
2015 48.2% 131% 19.4% 57.7%
2014 51.7% 132.5% 27.8% 48.9%
2013 50% 130.8% 30.8% 48.4%
2012 48.8% 128.6% 36.2% 47.6%
2011 50% 114% 29.8% 45.7%
2010 51.9% 100.1% 30.2% 42.4%
2009 50.3% 87.8% 35.2% 49.8%
2008 45.5% 75.6% 41.2% 36.4%
2007 44.5% 72.7% 40.3% 40.4%
2006 45.1% 73.7% 37.4% 40.8%
2005 46.8% 72.2% 36.8% 43.8%
2004 46.1% 67.1% 34.2% 52.1%
2003 45.4% 63.9% 35.3% 56.8%
2002 44.2% 60% 30.8% 57.8%
2001 44.1% 57.4% 30.5% 60.6%
2000 42.8% 54.2% 31.7% 60.8%
1999 42.5% 55.4% 28.2% 96.1%
1998 42.6% 55.6% 34.3% 110.6%
1997 42.4% 58.7% 34.2% 74.2%
1996 43% 63.3% 30.7% 114.9%
1995 42.6% 62.2% 24.1% 84.1%
1994 42.8% 60.4% 25.2% 73.3%
1993 46.5% 57.2% 25.8% 76.7%
1992 48.2% 58.1% 24.6% 78%
1991 45.9% 63.9% 24.7% 82.7%
1990 42.2% 60.2% 26.6% 91.6%
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 (1960–1998, retrieved 2026-02-20).

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

In 2024, Portugal's government spending was $134B, accounting for 42.8% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 94.9% in Portugal and 70.9% in Yemen, ranking 27/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Portugal

Yemen
1x
Year Deficit/surplus, % of GDP
Portugal Yemen
2024 0.7% -2.48%
2023 1.21% -5.63%
2022 -0.31% -2.15%
2021 -2.83% -0.89%
2020 -5.75% -4.3%
2019 0.12% -5.89%
2018 -0.43% -7.85%
2017 -3% -4.9%
2016 -1.94% -8.51%
2015 -4.37% -8.75%
2014 -7.32% -4.14%
2013 -5.21% -6.9%
2012 -6.2% -6.32%
2011 -7.73% -4.51%
2010 -11.4% -4.06%
2009 -9.87% -10.2%
2008 -3.81% -4.53%
2007 -2.91% -7.18%
2006 -4.07% 1.19%
2005 -6.11% -1.82%
2004 -5.99% -2.15%
2003 -5.66% -4.2%
2002 -3.73% -0.56%
2001 -4.73% 2.79%
2000 -3.35% 6.09%
1999 -2.99% 0.06%
1998 -4.3% -7.77%
1997 -3.65% -1.5%
1996 -4.63% -0.92%
1995 -5.14% -5.74%
1994 -7.37% -14%
1993 -8.06% -12.8%
1992 -5.19% -10.9%
1991 -7.93% -5.76%
1990 -6.82% -10.3%
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/yemen | CC BY

In 2018, Portugal's government deficit, the difference between spending and revenue, was $1.03B, equivalent to 0.43% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, Portugal recorded a fiscal deficit in 29 of those years, while Yemen ran a deficit in 25 years. On average, Portugal posted an annual deficit equal to 5.31% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
Portugal

Yemen
1x
Year Consumer prices inflation
Portugal Yemen
2024 2.42% 33.9%
2023 4.31% 0.9%
2022 7.83% 29.5%
2021 1.27% 31.5%
2020 -0.01% 21.7%
2019 0.34% 15.7%
2018 0.99% 33.6%
2017 1.37% 30.4%
2016 0.61% 21.3%
2015 0.49% 22%
2014 -0.28% 8.2%
2013 0.27% 11%
2012 2.77% 9.9%
2011 3.65% 19.5%
2010 1.4% 11.2%
2009 -0.84% 3.7%
2008 2.59% 19%
2007 2.45% 7.9%
2006 3.11% 10.8%
2005 2.28% 9.9%
2004 2.37% 12.5%
2003 3.22% 10.8%
2002 3.6% 12.2%
2001 4.37% 11.9%
2000 2.85% 11%
1999 2.34% 7.9%
1998 2.57% 11.5%
1997 2.34% 4.6%

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/portugal/yemen | CC BY

Over the past 28 years, Portugal has recorded an average annual inflation rate of 2.17%, compared with 15.5% in Yemen. In 2024, inflation was 2.42% in Portugal and 33.9% in Yemen.

Top exports between countries

Portugal
Export category Export value
Machinery & equipment $1.34M
Chemicals & pharma $711K
Processed food, beverages & tobacco $573K
Wood & paper products $37K
Metals $31K
Textiles & consumer goods $17K
Raw materials & minerals $13K
Precious metals & jewellery $10K
Yemen
Export category Export value

Balance of trade

Portugal Yemen
Current account balance
$6.51B
2024
-$2.42B
2016
Current account balance ranking
28/190
2024
148/190
2016
Current account balance, % of GDP
+2.08%
2024
-7.72%
2016
Goods imports
$109B
2024
$6.8B
2016
Goods exports
$81.4B
2024
$473M
2016
Service imports
$27.9B
2024
$1.46B
2016
Service exports
$62.7B
2024
$466M
2016
Imports of goods and services, % of GDP
43.9%
2024
47.3%
2018
Exports of goods and services, % of GDP
45.8%
2024
8.76%
2018

Economic freedom indices

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

Portugal Yemen
Economic freedom 71.2 53.7
Economic freedom ranking 33/197 138/197
Property rights 88.9 3.5
Government integrity 63.4 6.2
Judicial effectiveness 90.1 9.9
Tax burden 60.6 93.7
Government spending 44.6 0
Fiscal health 82 71.2
Business freedom 83.1 31.3
Labor freedom 54.8 31.2
Monetary freedom 77.7 48.1
Trade freedom 79.4 67.4
Investment freedom 70 50
Financial freedom 60 30

Economic freedom comparison by year

Portugal
Yemen
1x
Year Economic freedom index
Portugal Yemen
2026 71.2 -
2025 70.5 -
2024 68.7 -
2023 69.5 -
2022 70.8 -
2021 67.5 -
2020 67 -
2019 65.3 -
2018 63.4 -
2017 62.6 -
2016 65.1 -
2015 65.3 53.7
2014 63.5 55.5
2013 63.1 55.9
2012 63 55.3
2011 64 54.2
2010 64.4 54.4
2009 64.9 56.9
2008 63.9 53.8
2007 64 54.1
2006 62.9 52.6
2005 62.4 53.8
2004 64.9 50.5
2003 64.9 50.3
2002 65.4 48.6
2001 66 44.3
2000 65.5 44.5
1999 65.6 43.3
1998 65 46.1
1997 63.6 48.4
1996 64.5 49.6
1995 62.4 49.8

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

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

The Economic Freedom Index for Portugal is 71.2, ranking 33/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Portugal Yemen
Services, % of GDP
66.3%
2024
41.8%
2018
Industry, % of GDP
18.7%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
2.02%
2024
28.7%
2018
GNI, Atlas method
$288B
2024
$25.3B
2018
GNI per capita, PPP
$50,730
2024
$3,020
2013
Total reserves including gold
$42.4B
2024
$1.25B
2022
Total reserves ranking
48/177
2024
139/177
2022
Net foreign direct investment
-$6.64B
2024
$15.4M
2015
Net inflows of foreign direct investment
$13.5B
2024
-$371M
2019
Net outflows of foreign direct investment
$6.84B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.53%
2018
Poverty at national poverty lines
16.4%
2021
48.6%
2014
Gross capital formation, % of GDP
20.4%
2024
6.18%
2018

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/yemen | 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 (1880–1998, 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 (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.

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.