Portugal M2 Growth
1980 - 2025 | Monthly | % | CEIC Data
Key information about Portugal M2 Growth
- Portugal Money Supply M2 increased 6.0 % YoY in Oct 2025, compared with a growth of 5.8 % in the previous month
- Portugal Money Supply M2 growth data is updated monthly, available from Dec 1980 to Oct 2025
- The data reached an all-time high of 32.1 % in May 1981 and a record low of -8.8 % in Oct 2012
CEIC calculates M2 Growth Rate from the monthly M2. M2 is calculated as the sum of M1, Other Deposit Up to 2 Years and Deposit Redeeemable Up to 3 Months. Banco de Portugal provides M2 in EUR. M2 excludes Currency in Circulation. Portugal is part of the Euro Area and the reported figure corresponds to its contribution to the Euro money supply. Since September 1997, data is not fully comparable with data of previous periods as 'Resident' refers to the residents of Portugal and of other euro area member states (before that Portugal only). M2 Growth Rate prior to September 1998 is sourced from the International Monetary Fund
View Portugal's M2 Growth from Dec 1980 to Oct 2025 in the chart:
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What was Portugal's M2 Growth in Oct 2025?
Portugal Money Supply M2 increased 6.0 % YoY in Oct 2025, compared with a growth of 5.8 % in the previous month See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 6.0Oct 2025 | 5.8Sep 2025 | -8.8Oct 2012 | 32.1May 1981 | % | monthly | Dec 1980 - Oct 2025 |
M2 Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 13.4Dec 2025 | monthly | Dec 1994 - Dec 2025 |
| Algeria (%) | 9.0Dec 2024 | monthly | Jan 2002 - Dec 2024 |
| Argentina (%) | 36.9Dec 2025 | monthly | Jan 1991 - Dec 2025 |
| Armenia (%) | 22.0Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Australia (%) | 7.1Dec 2025 | monthly | Mar 1966 - Dec 2025 |
| Austria (%) | 2.4Dec 2025 | monthly | Sep 1998 - Dec 2025 |
| Azerbaijan (%) | 6.9Oct 2025 | monthly | Dec 1996 - Oct 2025 |
| Bahrain (%) | 3.8Dec 2025 | monthly | Dec 1975 - Dec 2025 |
| Bangladesh (%) | 9.6Dec 2025 | monthly | Jun 1987 - Dec 2025 |
| Belarus (%) | 25.1Dec 2025 | monthly | Dec 1990 - Dec 2025 |
| Belgium (%) | 2.7Nov 2025 | monthly | Dec 1997 - Nov 2025 |
| Bolivia (%) | 17.6Dec 2025 | monthly | Dec 1988 - Dec 2025 |
| Bosnia and Herzegovina (%) | 9.7Dec 2025 | monthly | Aug 1998 - Dec 2025 |
| Botswana (%) | -3.0Oct 2025 | monthly | Jan 2002 - Oct 2025 |
| Brazil (%) | 10.2Dec 2025 | monthly | Jan 1971 - Dec 2025 |
| Bulgaria (%) | 6.6Dec 2025 | monthly | Dec 1996 - Dec 2025 |
| Cambodia (%) | 12.9Dec 2025 | monthly | Jan 1996 - Dec 2025 |
| Canada (%) | 5.0Nov 2025 | monthly | Jan 1969 - Nov 2025 |
| Chile (%) | 3.9Jan 2026 | monthly | Jan 1987 - Jan 2026 |
| China (%) | 9.0Jan 2026 | monthly | Mar 1997 - Jan 2026 |
| Colombia (%) | 12.5Jan 2026 | monthly | Dec 1980 - Jan 2026 |
| Croatia (%) | 6.6Dec 2025 | monthly | Jun 1995 - Dec 2025 |
| Cyprus (%) | -5.22014 | yearly | 2006 - 2014 |
| Czech Republic (%) | 2.7Nov 2025 | monthly | Jan 2003 - Nov 2025 |
| Denmark (%) | 3.5Dec 2025 | monthly | Jan 1992 - Dec 2025 |
| Ecuador (%) | 13.9Nov 2025 | monthly | Dec 2007 - Nov 2025 |
| Egypt (%) | 20.6Dec 2025 | monthly | Jan 1997 - Dec 2025 |
| Estonia (%) | 4.6Dec 2025 | monthly | Jan 2012 - Dec 2025 |
| European Union (%) | 3.0Dec 2025 | monthly | Jan 1981 - Dec 2025 |
| Finland (%) | 3.1Nov 2025 | monthly | Jan 1981 - Nov 2025 |
| France (%) | 1.1Dec 2025 | monthly | Dec 1978 - Dec 2025 |
| Georgia (%) | 25.5Dec 2025 | monthly | Oct 1996 - Dec 2025 |
| Germany (%) | 3.4Dec 2025 | monthly | Jan 1970 - Dec 2025 |
| Ghana (%) | 30.3Jun 2025 | quarterly | Mar 1991 - Jun 2025 |
| Greece (%) | 4.7Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Hong Kong SAR, China (%) | 11.6Dec 2025 | monthly | Dec 1981 - Dec 2025 |
| Hungary (%) | 5.1Dec 2025 | monthly | Jan 1999 - Dec 2025 |
| Iceland (%) | 5.0Dec 2025 | monthly | Sep 1987 - Dec 2025 |
| India (%) | 12.4Nov 2025 | monthly | Mar 1995 - Nov 2025 |
| Indonesia (%) | 9.6Dec 2025 | monthly | Feb 1969 - Dec 2025 |
| Iran (%) | 32.4Jun 2025 | monthly | Dec 2000 - Jun 2025 |
| Ireland (%) | 5.4Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Israel (%) | 5.4Oct 2025 | monthly | Apr 1982 - Oct 2025 |
| Italy (%) | 2.5Dec 2025 | monthly | Dec 1975 - Dec 2025 |
| Ivory Coast (%) | 22.8Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| Japan (%) | 1.6Jan 2026 | monthly | Jan 1968 - Jan 2026 |
| Jordan (%) | 5.4Dec 2025 | monthly | Jan 1991 - Dec 2025 |
| Kazakhstan (%) | 16.7Dec 2025 | monthly | Dec 1994 - Dec 2025 |
| Kenya (%) | 10.7Nov 2025 | monthly | Dec 1996 - Nov 2025 |
| South Korea (%) | 5.4Dec 2025 | monthly | Jan 1971 - Dec 2025 |
| Kosovo (%) | 12.42024 | yearly | 2002 - 2024 |
| Kuwait (%) | 3.6Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Kyrgyzstan (%) | 57.7Nov 2025 | monthly | Jan 1995 - Nov 2025 |
| Laos (%) | 19.1Dec 2025 | quarterly | Dec 2000 - Dec 2025 |
| Latvia (%) | 6.9Dec 2025 | monthly | Jan 2015 - Dec 2025 |
| Lebanon (%) | 34.4Nov 2025 | monthly | Dec 1980 - Nov 2025 |
| Lithuania (%) | 6.2Nov 2025 | monthly | Dec 1994 - Nov 2025 |
| Luxembourg (%) | 4.1Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Macau SAR, China (%) | 7.5Dec 2025 | monthly | Jun 1985 - Dec 2025 |
| North Macedonia (%) | 11.2Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Malawi (%) | 51.0Sep 2025 | monthly | Jan 1976 - Sep 2025 |
| Malaysia (%) | 4.2Dec 2025 | monthly | Dec 1970 - Dec 2025 |
| Malta (%) | 3.9Nov 2025 | monthly | Jan 2009 - Nov 2025 |
| Mauritius (%) | 8.5Dec 2025 | monthly | Jul 1977 - Dec 2025 |
| Mexico (%) | 6.8Dec 2025 | monthly | Dec 1986 - Dec 2025 |
| Moldova (%) | 14.6Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| Mongolia (%) | 8.8Dec 2025 | monthly | Dec 1997 - Dec 2025 |
| Montenegro (%) | 9.92024 | yearly | 2003 - 2024 |
| Morocco (%) | 11.0Dec 2025 | monthly | Jan 1986 - Dec 2025 |
| Mozambique (%) | 11.9Oct 2025 | monthly | Dec 2002 - Oct 2025 |
| Myanmar (%) | 25.0Jun 2025 | quarterly | Dec 2002 - Jun 2025 |
| Nepal (%) | 14.2Jan 2026 | monthly | Jan 2002 - Jan 2026 |
| Netherlands (%) | 3.5Dec 2025 | monthly | Dec 1957 - Dec 2025 |
| New Zealand (%) | 4.1Dec 2025 | monthly | Mar 1989 - Dec 2025 |
| Nigeria (%) | 9.8Dec 2025 | monthly | Apr 1991 - Dec 2025 |
| Norway (%) | 7.2Dec 2025 | monthly | Dec 1993 - Dec 2025 |
| Oman (%) | 4.3Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Pakistan (%) | 14.4Nov 2025 | monthly | Jan 1989 - Nov 2025 |
| Palestinian Territory (%) | 15.8Nov 2025 | monthly | Jul 2003 - Nov 2025 |
| Panama (%) | 8.4Nov 2025 | monthly | Dec 2003 - Nov 2025 |
| Paraguay (%) | 11.6Dec 2025 | monthly | Dec 1989 - Dec 2025 |
| Peru (%) | 7.5Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Philippines (%) | 7.5Dec 2025 | monthly | Dec 1989 - Dec 2025 |
| Poland (%) | 10.4Dec 2025 | monthly | Dec 1997 - Dec 2025 |
| Portugal (%) | 6.0Oct 2025 | monthly | Dec 1980 - Oct 2025 |
| Qatar (%) | 3.5Dec 2025 | monthly | Jan 1983 - Dec 2025 |
| Romania (%) | 7.2Dec 2025 | monthly | Dec 2002 - Dec 2025 |
| Russia (%) | 10.6Dec 2025 | monthly | Dec 1992 - Dec 2025 |
| Saudi Arabia (%) | 8.7Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Serbia (%) | 6.9Dec 2025 | monthly | Aug 2002 - Dec 2025 |
| Singapore (%) | 6.4Dec 2025 | monthly | Mar 2005 - Dec 2025 |
| Slovakia (%) | 5.5Dec 2025 | monthly | Dec 2001 - Dec 2025 |
| Slovenia (%) | 7.3Dec 2025 | monthly | Jan 2008 - Dec 2025 |
| South Africa (%) | 8.1Dec 2025 | monthly | Mar 1966 - Dec 2025 |
| Spain (%) | 5.1Dec 2025 | monthly | Jan 1963 - Dec 2025 |
| Sri Lanka (%) | 11.3Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Sudan (%) | 82.3Nov 2025 | monthly | Dec 2004 - Nov 2025 |
| Sweden (%) | 2.9Dec 2025 | monthly | Jan 1999 - Dec 2025 |
| Switzerland (%) | 16.2Oct 2025 | monthly | Dec 1985 - Oct 2025 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | 0.4Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Consolidated Fiscal Balance (USD mn) | 3,449.979Sep 2025 | quarterly | Mar 1995 - Sep 2025 |
| Tax Revenue (USD mn) | 27,008.651Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Tax Revenue: % of GDP (%) | 29.4Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| National Government Debt (USD mn) | 345,501.8Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Government Debt: % of GDP (%) | 89.7Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Forecast: Government Expenditure (EUR bn) | 156.6932030 | yearly | 1986 - 2030 |
| Forecast: Government Net Debt (EUR bn) | 280.1572030 | yearly | 1990 - 2030 |
| Forecast: Government Revenue (EUR bn) | 153.3962030 | yearly | 1986 - 2030 |
| General Govt Gross Debt: as % of GDP (%) | 89.700Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Government Budget: ytd: Revenue: Current: Tax: Indirect: Value Added Tax (EUR mn) | 26,670.034Dec 2025 | monthly | Dec 1992 - Dec 2025 |
| Government Budget: ytd: Expenditure: Capital (EUR mn) | 5,633.227Dec 2025 | monthly | Jan 2005 - Dec 2025 |
| Government Budget: ytd: Expenditure (EUR mn) | 77,833.423Dec 2025 | monthly | May 2009 - Dec 2025 |
| Government Budget: ytd: Balance (EUR mn) | -7,501.575Dec 2025 | monthly | Dec 1992 - Dec 2025 |
| Government Budget: ytd: Revenue: Current: Tax: Direct (EUR mn) | 28,835.307Dec 2025 | monthly | Dec 1992 - Dec 2025 |
| Government Budget: ytd: Expenditure: Current (EUR mn) | 72,200.196Dec 2025 | monthly | Jan 2005 - Dec 2025 |
| Government Budget: ytd: Revenue (EUR mn) | 70,331.848Dec 2025 | monthly | Dec 2004 - Dec 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.5872030 | yearly | 1980 - 2030 |
| Trade Balance (USD mn) | -3,362.3Dec 2025 | monthly | Jan 1957 - Dec 2025 |
| Total Exports (USD mn) | 6,563.1Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Total Exports Growth (%) | -0.7Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Aluminum: Exports (USD th) | 311,567.6832024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 3,528,600.9932024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 156,342.2702024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 11,532.8Sep 2025 | monthly | Jan 1993 - Sep 2025 |
| Total Imports Growth (%) | -2.7Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Imports: Medicament (USD th) | 2,985,797.4742024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 1,408,935.5582024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 333.892Dec 2025 | monthly | Jan 1960 - Dec 2025 |
| Total Imports from USA (USD mn) | 200.412Dec 2025 | monthly | Dec 1974 - Dec 2025 |
| Total Exports to China (USD mn) | 61.905Dec 2025 | monthly | Sep 1994 - Dec 2025 |
| Total Imports from China (USD mn) | 675.950Dec 2025 | monthly | Feb 1974 - Dec 2025 |
| Exports (EUR) | 5,604,681,275.000Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Exports: Vehicles Other Than Railway and Tramway (EUR mn) | 683.477Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Exports: Footwear and Gaiters (EUR mn) | 117.514Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Exports: Mineral Fuels, Mineral Oils and Products of Their Distillation (EUR mn) | 248.365Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Exports: Plastics and Articles (EUR mn) | 227.607Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Exports: Electrical Machinery and Equipment (EUR mn) | 519.411Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Exports: EU: Spain (EUR mn) | 1,523.482Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Exports: EU: France (EUR mn) | 706.418Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Exports: EU: Germany (EUR mn) | 610.387Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Imports (EUR) | 8,476,002,302.000Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Imports: Vehicles Other Than Railway and Tramway (EUR mn) | 1,020.789Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Imports: Nuclear Reactors, Boilers (EUR mn) | 894.792Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Imports: Mineral Fuels, Mineral Oils and Products of Their Distillation (EUR mn) | 531.942Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Imports: Plastics and Articles (EUR mn) | 337.024Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Imports: Electrical Machinery and Equipment (EUR mn) | 850.294Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Imports: EU: Spain (EUR mn) | 3,051.460Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Imports: EU: France (EUR mn) | 639.778Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Imports: EU: Germany (EUR mn) | 979.753Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Imports: Non EU: United States (EUR mn) | 171.146Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Export Value Index (2015=100) | 136.5772021 | yearly | 1995 - 2021 |
| Import Value Index (2015=100) | 146.0282021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.1Dec 2025 | monthly | Dec 1997 - Dec 2025 |
| Household Debt: % of GDP (%) | 56.1Sep 2025 | quarterly | Dec 2007 - Sep 2025 |
| Non-Performing Loans (USD mn) | 2,905.482Dec 2025 | monthly | Dec 1997 - Dec 2025 |
| Money Supply M1 (USD mn) | 175,751.669Oct 2025 | monthly | Dec 1979 - Oct 2025 |
| Money Supply M2 (USD mn) | 353,348.016Oct 2025 | monthly | Dec 1979 - Oct 2025 |
| M2 Growth (%) | 6.0Oct 2025 | monthly | Dec 1980 - Oct 2025 |
| Reserve Requirement Ratio (%) | 1.0Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Foreign Exchange Reserves (USD mn) | 10,505.3Dec 2025 | monthly | Dec 1999 - Dec 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 1.976Sep 2025 | quarterly | Dec 1999 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.1Dec 2025 | monthly | Dec 1999 - Dec 2025 |
| Gold Reserves (USD mn) | 46,911.414Sep 2025 | monthly | Dec 1956 - Sep 2025 |
| Total Deposits (USD mn) | 345,941.822Oct 2025 | monthly | Dec 1979 - Oct 2025 |
| Total Deposits Growth (%) | 6.0Nov 2025 | monthly | Dec 1980 - Nov 2025 |
| Domestic Credit (USD mn) | 398,844.3Dec 2025 | monthly | Dec 1979 - Dec 2025 |
| Domestic Credit Growth (%) | 0.3Aug 2019 | monthly | Dec 2001 - Aug 2019 |
| Debt Service Ratio: Households (%) | 5.900Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 12.600Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Credit to Households (USD bn) | 185.143Jun 2025 | quarterly | Dec 1979 - Jun 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 453.321Jun 2025 | quarterly | Mar 1957 - Jun 2025 |
| Household Debt (USD mn) | 198,211.4Sep 2025 | quarterly | Dec 2007 - Sep 2025 |
| Total Loans (USD mn) | 269,601.388Dec 2025 | monthly | Dec 1979 - Dec 2025 |
| Total Loans Growth (%) | 6.96Dec 2025 | monthly | Dec 1980 - Dec 2025 |
| Private Debt: % of Nominal GDP (%) | 71.45Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Money Supply: M3: National Contribution: EC: M2: M1 (EUR mn) | 152,284.610Oct 2025 | monthly | Sep 1997 - Oct 2025 |
| Money Supply: M3: National Contribution: EC: M2 (EUR mn) | 308,684.760Nov 2025 | monthly | Sep 1997 - Nov 2025 |
| Official Reserve Assets (EUR mn) | 58,010.740Dec 2025 | monthly | Dec 1999 - Dec 2025 |
| Official Reserve Assets: Foreign Currency Reserves (FC) (EUR mn) | 8,641.460Dec 2025 | monthly | Dec 1999 - Dec 2025 |
| Outstanding Housing Credit (EUR) | 75,270.000Dec 2025 | monthly | Nov 2003 - Dec 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 1.9Jan 2026 | monthly | Jan 1988 - Jan 2026 |
| Coincident Indicator: Economic Activity (%) | 2.200Dec 2025 | monthly | Jan 1978 - Dec 2025 |
| Economic Sentiment Index: sa (1990-2006=100) | 104.200Jan 2026 | monthly | Jan 1987 - Jan 2026 |
More Indicators for Portugal
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