Portugal Policy Rate
1999 - 2024 | Monthly | % pa | European Central Bank
Key information about Portugal Policy Rate
- Portugal cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 4.50 % pa in Apr 2024, compared with 4.50 % pa in the previous Mar 2024.
- Portugal Policy Rate averaged 1.13 % pa and is updated monthly, available from Jan 1999 to Apr 2024.
- The data reached an all-time high of 4.75 % pa in Apr 2001 and a record low of 0.00 % pa in Jun 2022.
Portugal joined the Euro Area on January 1st, 1999, thus adopting the European Central Bank (ECB) monetary policy mechanisms.
Related information about Portugal Policy Rate
- In the latest reports, Portugal Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.57 % pa in Nov 2021.
- Its Long Term Interest Rate (Long Term Interest Rate: Month Avg: Portugal: ECB Harmonised) was reported at 3.02 % pa in Mar 2024.
- Portugal Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.
- Its Real Effective Exchange Rate was 93.10 in Mar 2024.
View Portugal's Policy Rate from Jan 1999 to Apr 2024 in the chart:
What was Portugal's Policy Rate in Apr 2024?
Portugal cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 4.50 % pa in Apr 2024, compared with 4.50 % pa in the previous Mar 2024. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 4.50 Apr 2024 | 4.50 Mar 2024 | 0.00 Jun 2022 | 4.75 Apr 2001 | % pa | monthly | Jan 1999 - Apr 2024 |
Policy Rate by Country Comparison
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Includes Policy Rate on 108 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% pa) | 3.25 Apr 2024 | monthly | Jan 2000 - Apr 2024 |
| Algeria (% pa) | 3.00 Sep 2023 | monthly | Jan 1963 - Sep 2023 |
| Argentina (%) | 51.02 Apr 2024 | monthly | Aug 1985 - Apr 2024 |
| Armenia (% pa) | 8.25 Apr 2024 | monthly | May 2001 - Apr 2024 |
| Australia (% pa) | 4.35 Apr 2024 | monthly | Aug 1990 - Apr 2024 |
| Austria (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Azerbaijan (% pa) | 7.25 May 2024 | monthly | Jan 2005 - May 2024 |
| Bahrain (% pa) | 6.25 Apr 2024 | monthly | Jan 2007 - Apr 2024 |
| Bangladesh (% pa) | 8.00 Mar 2024 | monthly | Sep 2009 - Mar 2024 |
| Belarus (% pa) | 9.50 Apr 2024 | monthly | Jul 1991 - Apr 2024 |
| Belgium (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Bolivia (% pa) | 3.01 Apr 2024 | monthly | Jan 2013 - Apr 2024 |
| Botswana (% pa) | 3.75 Apr 2022 | monthly | Aug 1976 - Apr 2022 |
| Brazil (% pa) | 10.75 Apr 2024 | monthly | Mar 1999 - Apr 2024 |
| Bulgaria (% pa) | 3.78 May 2024 | monthly | Feb 1991 - May 2024 |
| Canada (% pa) | 5.00 Apr 2024 | monthly | Dec 1992 - Apr 2024 |
| Chile (% pa) | 6.50 Apr 2024 | monthly | May 1995 - Apr 2024 |
| China (% pa) | 2.65 Jun 2023 | monthly | Jan 2016 - Jun 2023 |
| Colombia (% pa) | 12.25 Apr 2024 | monthly | Apr 1995 - Apr 2024 |
| Croatia (% pa) | 3.00 Dec 2022 | monthly | Dec 1992 - Dec 2022 |
| Cyprus (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Czech Republic (% pa) | 4.75 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
| Denmark (% pa) | 3.60 Apr 2024 | monthly | Aug 1914 - Apr 2024 |
| Ecuador (% pa) | 10.87 Apr 2024 | monthly | Jul 1995 - Apr 2024 |
| Egypt (% pa) | 27.75 Apr 2024 | monthly | Jan 1991 - Apr 2024 |
| Estonia (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| European Union (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Finland (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| France (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Georgia (% pa) | 8.25 Apr 2024 | monthly | Jan 2008 - Apr 2024 |
| Germany (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Ghana (% pa) | 29.50 May 2023 | monthly | Nov 2002 - May 2023 |
| Greece (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Hong Kong SAR, China (% pa) | 5.75 Apr 2024 | monthly | Jun 1992 - Apr 2024 |
| Hungary (% pa) | 7.75 Apr 2024 | monthly | Oct 1990 - Apr 2024 |
| Iceland (% pa) | 10.00 Apr 2024 | monthly | Jan 1994 - Apr 2024 |
| India (% pa) | 6.50 Apr 2024 | monthly | Apr 2001 - Apr 2024 |
| Indonesia (% pa) | 6.25 Apr 2024 | monthly | Jun 2015 - Apr 2024 |
| Ireland (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Israel (% pa) | 4.50 Apr 2024 | monthly | Dec 1998 - Apr 2024 |
| Italy (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Ivory Coast (% pa) | 2.50 Mar 2017 | monthly | Jan 1964 - Mar 2017 |
| Japan (% pa) | -0.10 Jun 2023 | monthly | Nov 2008 - Jun 2023 |
| Jordan (% pa) | 8.50 Apr 2024 | monthly | Dec 1965 - Apr 2024 |
| Kazakhstan (% pa) | 14.75 Apr 2024 | monthly | Feb 1992 - Apr 2024 |
| Kenya (% pa) | 13.00 Apr 2024 | monthly | Jul 2003 - Apr 2024 |
| South Korea (% pa) | 3.50 Apr 2024 | monthly | May 1999 - Apr 2024 |
| Kosovo (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Kuwait (% pa) | 4.25 Apr 2024 | monthly | Jul 1999 - Apr 2024 |
| Kyrgyzstan (% pa) | 11.00 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Laos (% pa) | 7.50 May 2023 | monthly | Dec 1992 - May 2023 |
| Latvia (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Lebanon (% pa) | 10.00 Jan 2023 | monthly | Apr 1964 - Jan 2023 |
| Lithuania (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Luxembourg (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Macau SAR, China (% pa) | 5.75 Apr 2024 | monthly | Dec 1999 - Apr 2024 |
| North Macedonia (% pa) | 6.30 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
| Malawi (% pa) | 26.00 Apr 2024 | monthly | Jan 1980 - Apr 2024 |
| Malaysia (% pa) | 3.00 Apr 2024 | monthly | Apr 2004 - Apr 2024 |
| Malta (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Mauritius (% pa) | 4.50 Apr 2024 | monthly | Dec 1999 - Apr 2024 |
| Mexico (% pa) | 11.00 Apr 2024 | monthly | Jan 2008 - Apr 2024 |
| Moldova (% pa) | 3.75 Apr 2024 | monthly | Feb 2001 - Apr 2024 |
| Mongolia (% pa) | 12.00 Apr 2024 | monthly | Jul 2007 - Apr 2024 |
| Montenegro (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Morocco (% pa) | 3.00 Apr 2024 | monthly | Jun 1995 - Apr 2024 |
| Myanmar (% pa) | 7.00 2024 | yearly | 1986 - 2024 |
| Nepal (% pa) | 7.00 Apr 2024 | monthly | Jul 2003 - Apr 2024 |
| Netherlands (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| New Zealand (% pa) | 5.50 May 2023 | monthly | Mar 1999 - May 2023 |
| Nigeria (% pa) | 24.75 Apr 2024 | monthly | Dec 2006 - Apr 2024 |
| Norway (% pa) | 4.50 Apr 2024 | monthly | Jan 1991 - Apr 2024 |
| Oman (% pa) | 6.00 Apr 2024 | monthly | May 2007 - Apr 2024 |
| Pakistan (% pa) | 23.00 Apr 2024 | monthly | Feb 1992 - Apr 2024 |
| Paraguay (% pa) | 6.00 Apr 2024 | monthly | Jul 2010 - Apr 2024 |
| Peru (% pa) | 6.00 Apr 2024 | monthly | Sep 2003 - Apr 2024 |
| Philippines (% pa) | 7.00 Apr 2024 | monthly | Jun 2016 - Apr 2024 |
| Poland (% pa) | 5.75 Apr 2024 | monthly | Jan 2005 - Apr 2024 |
| Portugal (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Qatar (% pa) | 6.25 Mar 2024 | monthly | Mar 2003 - Mar 2024 |
| Romania (% pa) | 7.00 Apr 2024 | monthly | Jan 2003 - Apr 2024 |
| Russia (% pa) | 16.00 Apr 2024 | monthly | Sep 2013 - Apr 2024 |
| Saudi Arabia (% pa) | 6.00 Apr 2024 | monthly | Jan 2000 - Apr 2024 |
| Serbia (% pa) | 6.50 Apr 2024 | monthly | Jan 2001 - Apr 2024 |
| Singapore (% pa) | 4.00 Jun 2023 | monthly | Jul 2005 - Jun 2023 |
| Slovakia (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Slovenia (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| South Africa (% pa) | 8.25 Apr 2024 | monthly | Nov 1999 - Apr 2024 |
| Spain (% pa) | 4.50 Apr 2024 | monthly | Jan 1999 - Apr 2024 |
| Sri Lanka (% pa) | 8.50 Apr 2024 | monthly | Jan 1997 - Apr 2024 |
| Sweden (% pa) | 4.00 Apr 2024 | monthly | Jan 1987 - Apr 2024 |
| Switzerland (% pa) | 1.44 Apr 2024 | monthly | Jun 1999 - Apr 2024 |
| Syria (% pa) | 5.00 Apr 2024 | monthly | Jan 1962 - Apr 2024 |
| Taiwan (% pa) | 2.00 Apr 2024 | monthly | Jul 1961 - Apr 2024 |
| Tajikistan (% pa) | 9.50 Apr 2024 | monthly | Jun 1995 - Apr 2024 |
| Thailand (% pa) | 2.50 Apr 2024 | monthly | May 2000 - Apr 2024 |
| Tunisia (% pa) | 8.00 Apr 2024 | monthly | Jan 2000 - Apr 2024 |
| Turkey (% pa) | 50.00 Apr 2024 | monthly | Jun 1996 - Apr 2024 |
| Ukraine (% pa) | 13.50 Apr 2024 | monthly | Dec 1992 - Apr 2024 |
| United Arab Emirates (% pa) | 5.40 Apr 2024 | monthly | Nov 2007 - Apr 2024 |
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Includes 281 key indicators for Portugal, curated by CEIC analysts. Instant access to full history data in excel.
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | 1.2 Dec 2023 | quarterly | Sep 1999 - Dec 2023 |
| Consolidated Fiscal Balance (USD mn) | -3,456.500 Dec 2023 | quarterly | Dec 1998 - Dec 2023 |
| Tax Revenue (USD mn) | 16,183.548 Jun 2023 | quarterly | Mar 1999 - Jun 2023 |
| Tax Revenue: % of GDP (%) | 22.3 Jun 2023 | quarterly | Mar 1999 - Jun 2023 |
| National Government Debt (USD mn) | 291,024.4 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Government Debt: % of GDP (%) | 99.1 Dec 2023 | quarterly | Dec 1995 - Dec 2023 |
| Forecast: Government Expenditure (EUR bn) | 137.276 2028 | yearly | 1986 - 2028 |
| Forecast: Government Net Debt (EUR bn) | 278.166 2028 | yearly | 1990 - 2028 |
| Forecast: Government Revenue (EUR bn) | 136.549 2028 | yearly | 1986 - 2028 |
| General Govt Gross Debt: as % of GDP (%) | 99.100 Dec 2023 | quarterly | Dec 1995 - Dec 2023 |
| Government Budget: ytd: Expenditure: Capital (EUR mn) | 511.106 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
| Government Budget: ytd: Revenue: Current: Tax: Indirect: Value Added Tax (EUR mn) | 5,294.661 Mar 2024 | monthly | Dec 1992 - Mar 2024 |
| Government Budget: ytd: Revenue: Current: Tax: Direct (EUR mn) | 4,744.329 Mar 2024 | monthly | Dec 1992 - Mar 2024 |
| Government Budget: ytd: Revenue (EUR mn) | 13,327.464 Mar 2024 | monthly | Dec 2004 - Mar 2024 |
| Government Budget: ytd: Balance (EUR mn) | -2,971.328 Mar 2024 | monthly | Dec 1992 - Mar 2024 |
| Government Budget: ytd: Expenditure (EUR mn) | 16,298.792 Mar 2024 | monthly | May 2009 - Mar 2024 |
| Government Budget: ytd: Expenditure: Current (EUR mn) | 15,787.686 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.328 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -2,543.2 Feb 2024 | monthly | Jan 1957 - Feb 2024 |
| Total Exports (USD mn) | 7,028.7 Feb 2024 | monthly | Jan 1993 - Feb 2024 |
| Total Exports Growth (%) | 2.3 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
| Aluminum: Exports (USD th) | 383,608.880 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 1,788,842.330 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 184,096.034 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 9,007.3 Apr 2023 | monthly | Jan 1993 - Apr 2023 |
| Total Imports Growth (%) | 1.5 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
| Imports: Medicament (USD th) | 2,645,463.462 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 1,341,622.658 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 364.851 Feb 2024 | monthly | Jan 1960 - Feb 2024 |
| Total Imports from USA (USD mn) | 263.745 Feb 2024 | monthly | Dec 1974 - Feb 2024 |
| Total Exports to China (USD mn) | 49.296 Feb 2024 | monthly | Sep 1994 - Feb 2024 |
| Total Imports from China (USD mn) | 415.328 Feb 2024 | monthly | Feb 1974 - Feb 2024 |
| Exports (EUR) | 6,512,279,891.000 Feb 2024 | monthly | Jan 1993 - Feb 2024 |
| Exports: Plastics and Articles (EUR mn) | 314.523 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Exports: Electrical Machinery and Equipment (EUR mn) | 579.390 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Exports: Vehicles Other Than Railway and Tramway (EUR mn) | 887.559 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Exports: Footwear and Gaiters (EUR mn) | 148.602 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Exports: Mineral Fuels, Mineral Oils and Products of Their Distillation (EUR mn) | 448.229 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Exports: EU: Spain (EUR mn) | 1,673.931 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Exports: EU: Germany (EUR mn) | 755.875 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Exports: EU: France (EUR mn) | 813.766 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Imports (EUR) | 8,868,640,827.000 Feb 2024 | monthly | Jan 1993 - Feb 2024 |
| Imports: Vehicles Other Than Railway and Tramway (EUR mn) | 1,183.573 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Imports: Mineral Fuels, Mineral Oils and Products of Their Distillation (EUR mn) | 963.739 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Imports: Nuclear Reactors, Boilers (EUR mn) | 733.199 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Imports: Plastics and Articles (EUR mn) | 365.488 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Imports: Electrical Machinery and Equipment (EUR mn) | 839.126 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Imports: EU: Germany (EUR mn) | 1,068.000 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Imports: EU: Spain (EUR mn) | 2,869.244 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Imports: EU: France (EUR mn) | 612.723 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Imports: Non EU: United States (EUR mn) | 244.367 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.3 Mar 2024 | monthly | Dec 1997 - Mar 2024 |
| Household Debt: % of GDP (%) | 66.3 Dec 2023 | quarterly | Dec 1999 - Dec 2023 |
| Non-Performing Loans (USD mn) | 2,712.318 Mar 2024 | monthly | Dec 1997 - Mar 2024 |
| Money Supply M1 (USD mn) | 148,473.262 Mar 2024 | monthly | Dec 1979 - Mar 2024 |
| Money Supply M2 (USD mn) | 302,192.137 Mar 2024 | monthly | Dec 1979 - Mar 2024 |
| M2 Growth (%) | 4.2 Mar 2024 | monthly | Dec 1980 - Mar 2024 |
| Reserve Requirement Ratio (%) | 1.0 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
| Foreign Exchange Reserves (USD mn) | 5,371.0 Sep 2023 | monthly | Dec 1999 - Sep 2023 |
| Foreign Exchange Reserves: % of GDP (%) | 1.948 Sep 2023 | quarterly | Dec 1999 - Sep 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 0.6 Sep 2023 | monthly | Dec 1999 - Sep 2023 |
| Gold Reserves (USD mn) | 22,978.118 Sep 2023 | monthly | Dec 1956 - Sep 2023 |
| Total Deposits (USD mn) | 293,105.359 Mar 2024 | monthly | Dec 1979 - Mar 2024 |
| Total Deposits Growth (%) | 2.7 Mar 2024 | monthly | Dec 1980 - Mar 2024 |
| Domestic Credit (USD mn) | 351,308.2 Mar 2024 | monthly | Dec 1979 - Mar 2024 |
| Domestic Credit Growth (%) | 0.3 Aug 2019 | monthly | Dec 2001 - Aug 2019 |
| Debt Service Ratio: Households (%) | 7.200 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 15.000 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
| Credit to Households (USD bn) | 154.965 Sep 2023 | quarterly | Dec 1979 - Sep 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 393.306 Sep 2023 | quarterly | Mar 1957 - Sep 2023 |
| Household Debt (USD mn) | 190,497.6 Dec 2022 | quarterly | Dec 1994 - Dec 2022 |
| Total Loans (USD mn) | 226,502.983 Mar 2024 | monthly | Dec 1979 - Mar 2024 |
| Total Loans Growth (%) | -0.97 Mar 2024 | monthly | Dec 1980 - Mar 2024 |
| Private Debt: % of Nominal GDP (%) | 75.75 Dec 2023 | quarterly | Dec 1995 - Dec 2023 |
| Money Supply: M3: National Contribution: EC: M2: M1 (EUR mn) | 137,589.900 Mar 2024 | monthly | Sep 1997 - Mar 2024 |
| Money Supply: M3: National Contribution: EC: M2 (EUR mn) | 280,040.900 Mar 2024 | monthly | Sep 1997 - Mar 2024 |
| Official Reserve Assets (EUR mn) | 30,721.840 Sep 2023 | monthly | Dec 1999 - Sep 2023 |
| Official Reserve Assets: Foreign Currency Reserves (FC) (EUR mn) | 4,706.690 Sep 2023 | monthly | Dec 1999 - Sep 2023 |
| Outstanding Housing Credit (EUR) | 65,391.000 Mar 2024 | monthly | Nov 2003 - Mar 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -1.1 Apr 2024 | monthly | Jan 1988 - Apr 2024 |
| Economic Sentiment Index: sa (1990-2006=100) | 101.300 Apr 2024 | monthly | Jan 1987 - Apr 2024 |
| Coincident Indicator: Economic Activity (%) | 2.400 Feb 2024 | monthly | Jan 1978 - Feb 2024 |
More Indicators for Portugal
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