Italy vs Portugal

Italy vs Portugal: Government debt

Government debt in 2025: 137.1% of GDP in Italy and 89.7% of GDP in Portugal, by IMF estimates. In 2025 the value was higher in Italy, by 47.4 percentage points, or 1.53 times that in Portugal.

% of GDP · IMF

Italy vs Portugal: Government debtGovernment debt in 2025: 137.1% of GDP in Italy and 89.7% of GDP in Portugal, by IMF estimates. In 2025 the value was higher in Italy, by 47.4 percentage points, or 1.53 times that in Portugal.
ItalyPortugalIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Italy has been higher since 2013, when it overtook Portugal.
  • In 2025, Italy ranked 3 and Portugal ranked 23 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Italy at 135.6% of GDP and Portugal at 72% of GDP in 2031.

Every year

% of GDP · IMF

YearItalyPortugal
2025137.189.7
2024134.793.5
2023133.996.9
2022138.4111.2
2021145.8123.9
2020154.4134.1
2019133.9116.1
2018134.2121.1
2017133.7126
2016134.2131.2
2015134.8131
2014134.8132.5
2013131.9130.8
2012125.9128.6
2011119.1114
2010118.899.9
2009116.187.6
2008105.875.5
2007103.572.7
2006106.373.7
2005106.272.2
2004104.767.1
2003105.163.9
2002105.960
2001108.557.4
2000108.754.2
1999113.155.4
1998113.955.6
1997116.558.2
1996118.964.8
1995119.163.5
1994130.861.6
1993124.158.4
199211359.3
1991105.365.2
1990101.761.4
198998.4–
198895.7–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearItalyPortugal
2026137.985.1
2027137.681
202813777.9
2029136.275.3
2030135.873.4
2031135.672

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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