The public debt-to-GDP ratio in Portugal reached 96.4% in the first three months, a decrease of 2.7 percentage points compared to the same quarter in 2024 and an increase of 1.5 percentage points from the last quarter of 2024, according to Eurostat data released today.
In the European Union (EU), the public debt-to-GDP ratio stood at 81.8% in the first quarter, up from 81.2% in the same period of 2024 and 81% in the previous quarter.
Portugal’s public debt amounted to 278.175 billion euros in the first three months of this year, marking the sixth highest public debt-to-GDP ratio in the EU.
The highest public debt-to-GDP ratios at the end of the first quarter of 2025 were recorded in Greece (152.5%), Italy (137.9%), France (114.1%), Belgium (106.8%), and Spain (103.5%), while the lowest were in Bulgaria (23.9%), Estonia (24.1%), Luxembourg (26.1%), and Denmark (29.9%).
Compared to the first quarter of 2024, thirteen member states recorded an increase in their public debt-to-GDP ratio by the end of the first quarter of 2025, while twelve states saw a decrease, and the ratio remained stable in Slovenia and Estonia.
On a year-on-year basis, the largest increases were observed in Poland (+6.1 points), Finland (+5.1 points), Austria and Romania (+4.1 points each), France (+3.6 points), Italy (+2.9 points), Slovakia (+2.6 points), and Sweden (+2.0 points).
The largest decreases were reported in Greece (-9.3 points), Cyprus (-8.2 points), Ireland (-6.1 points), Croatia (-3.6 points), Denmark (-3.2 points), Spain (-2.8 points), and Portugal (-2.7 points).
