The public indebtedness at the end of 2019 to its gross domestic product that year was 117.7%
The ratio of Portugal’s public indebtedness at the end of 2019 to its gross domestic product that year was 117.7%, down from 122.0% a year earlier, according to an update on the European Union’s excessive deficit procedure relating to the country released on Wednesday by the National Statistics Institute.
“The gross debt of general government will have reached 117.7% of GDP in 2019,” the INE note reads, adding that this corresponds to €249.9803 billion in debt.
At the end of 2018, public indebtedness was €249.2606 billion, a lower nominal value than in 2019, but resulting in a ratio to GDP higher than in 2019, at 122.0%.
At the end of 2017, public indebtedness had been 126.1% of GDP, and the year before that 131.5%.