Germany vs Portugal

Germany vs Portugal: Government debt

Government debt in 2025: 62.7% of GDP in Germany and 89.7% of GDP in Portugal, by IMF estimates. In 2025 the value was higher in Portugal, by 27 percentage points, or 1.43 times that in Germany.

% of GDP · IMF

Germany vs Portugal: Government debtGovernment debt in 2025: 62.7% of GDP in Germany and 89.7% of GDP in Portugal, by IMF estimates. In 2025 the value was higher in Portugal, by 27 percentage points, or 1.43 times that in Germany.
GermanyPortugalIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Portugal has been higher since 2002, when it overtook Germany.
  • In 2025, Germany ranked 51 and Portugal ranked 23 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Germany at 75.6% of GDP and Portugal at 72% of GDP in 2031.

Every year

% of GDP · IMF

YearGermanyPortugal
202562.789.7
202461.493.5
202361.896.9
202264.1111.2
202167.4123.9
202067.5134.1
201958.4116.1
201860.5121.1
201763.7126
201668.1131.2
201571131
201474.4132.5
201377.4130.8
201279.8128.6
201178.5114
20108199.9
200972.487.6
200865.275.5
200763.772.7
200666.473.7
200567.172.2
20046567.1
200363.363.9
200259.860
200158.157.4
200059.254.2
199960.455.4
199859.455.6
199758.858.2
199657.764.8
199554.963.5
199447.561.6
199345.158.4
199241.459.3
19913965.2
1990–61.4
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearGermanyPortugal
202664.685.1
20276781
202869.377.9
202971.575.3
203073.673.4
203175.672

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

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