Portugal M2 Growth
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:
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 |
|---|---|---|---|---|---|---|
| 6.0 Oct 2025 | 5.8 Sep 2025 | -8.8 Oct 2012 | 32.1 May 1981 | % | monthly | Dec 1980 - Oct 2025 |
M2 Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 14.5 Nov 2025 | monthly | Dec 1994 - Nov 2025 |
| Algeria (%) | 9.0 Dec 2024 | monthly | Jan 2002 - Dec 2024 |
| Argentina (%) | 37.9 Sep 2025 | monthly | Jan 1991 - Sep 2025 |
| Armenia (%) | 22.1 Sep 2025 | monthly | Jan 2003 - Sep 2025 |
| Australia (%) | 7.1 Nov 2025 | monthly | Mar 1966 - Nov 2025 |
| Austria (%) | 1.3 Nov 2025 | monthly | Sep 1998 - Nov 2025 |
| Azerbaijan (%) | 6.9 Oct 2025 | monthly | Dec 1996 - Oct 2025 |
| Bahrain (%) | 1.7 Nov 2025 | monthly | Dec 1975 - Nov 2025 |
| Bangladesh (%) | 8.9 Nov 2025 | monthly | Jun 1987 - Nov 2025 |
| Belarus (%) | 26.3 Nov 2025 | monthly | Dec 1990 - Nov 2025 |
| Belgium (%) | 2.7 Nov 2025 | monthly | Dec 1997 - Nov 2025 |
| Bolivia (%) | 18.1 Sep 2025 | monthly | Dec 1988 - Sep 2025 |
| Bosnia and Herzegovina (%) | 9.8 Nov 2025 | monthly | Aug 1998 - Nov 2025 |
| Botswana (%) | -0.5 Sep 2025 | monthly | Jan 2002 - Sep 2025 |
| Brazil (%) | 11.6 Nov 2025 | monthly | Jan 1971 - Nov 2025 |
| Bulgaria (%) | 7.7 Oct 2025 | monthly | Dec 1996 - Oct 2025 |
| Cambodia (%) | 14.6 Nov 2025 | monthly | Jan 1996 - Nov 2025 |
| Canada (%) | 5.2 Sep 2025 | monthly | Jan 1969 - Sep 2025 |
| Chile (%) | 2.5 Dec 2025 | monthly | Jan 1987 - Dec 2025 |
| China (%) | 8.0 Nov 2025 | monthly | Mar 1997 - Nov 2025 |
| Colombia (%) | 11.0 Nov 2025 | monthly | Dec 1980 - Nov 2025 |
| Croatia (%) | 7.7 Nov 2025 | monthly | Jun 1995 - Nov 2025 |
| Cyprus (%) | -5.2 2014 | yearly | 2006 - 2014 |
| Czech Republic (%) | 2.7 Nov 2025 | monthly | Jan 2003 - Nov 2025 |
| Denmark (%) | 3.4 Aug 2017 | monthly | Jan 1996 - Aug 2017 |
| Ecuador (%) | 13.5 Oct 2025 | monthly | Dec 2007 - Oct 2025 |
| Egypt (%) | 22.1 Nov 2025 | monthly | Jan 1997 - Nov 2025 |
| Estonia (%) | 4.5 Nov 2025 | monthly | Jan 2012 - Nov 2025 |
| European Union (%) | 3.2 Nov 2025 | monthly | Jan 1981 - Nov 2025 |
| Finland (%) | 3.1 Nov 2025 | monthly | Jan 1981 - Nov 2025 |
| France (%) | 1.1 Nov 2025 | monthly | Dec 1978 - Nov 2025 |
| Georgia (%) | 17.9 Oct 2025 | monthly | Oct 1996 - Oct 2025 |
| Germany (%) | 3.5 Nov 2025 | monthly | Jan 1970 - Nov 2025 |
| Ghana (%) | 30.3 Jun 2025 | quarterly | Mar 1991 - Jun 2025 |
| Greece (%) | 3.6 Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Hong Kong SAR, China (%) | 11.2 Nov 2025 | monthly | Dec 1981 - Nov 2025 |
| Hungary (%) | 5.8 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Iceland (%) | 6.0 Nov 2025 | monthly | Sep 1987 - Nov 2025 |
| India (%) | 11.3 Sep 2025 | monthly | Mar 1995 - Sep 2025 |
| Indonesia (%) | 8.3 Nov 2025 | monthly | Feb 1969 - Nov 2025 |
| Iran (%) | 32.4 Jun 2025 | monthly | Dec 2000 - Jun 2025 |
| Ireland (%) | 6.1 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Israel (%) | 6.6 Sep 2025 | monthly | Apr 1982 - Sep 2025 |
| Italy (%) | 2.6 Oct 2025 | monthly | Dec 1975 - Oct 2025 |
| Ivory Coast (%) | 22.4 Oct 2025 | monthly | Jan 2005 - Oct 2025 |
| Japan (%) | 1.8 Nov 2025 | monthly | Jan 1968 - Nov 2025 |
| Jordan (%) | 5.7 Oct 2025 | monthly | Jan 1991 - Oct 2025 |
| Kazakhstan (%) | 15.6 Nov 2025 | monthly | Dec 1994 - Nov 2025 |
| Kenya (%) | 11.2 Oct 2025 | monthly | Dec 1996 - Oct 2025 |
| South Korea (%) | 4.8 Nov 2025 | monthly | Jan 1971 - Nov 2025 |
| Kosovo (%) | 12.4 2024 | yearly | 2002 - 2024 |
| Kuwait (%) | 3.3 Nov 2025 | monthly | Jan 1995 - Nov 2025 |
| Kyrgyzstan (%) | 50.5 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Laos (%) | 15.7 Sep 2025 | quarterly | Dec 2000 - Sep 2025 |
| Latvia (%) | 7.6 Nov 2025 | monthly | Jan 2015 - Nov 2025 |
| Lebanon (%) | 33.9 Sep 2025 | monthly | Dec 1980 - Sep 2025 |
| Lithuania (%) | 6.2 Nov 2025 | monthly | Dec 1994 - Nov 2025 |
| Luxembourg (%) | 5.7 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Macau SAR, China (%) | 6.8 Nov 2025 | monthly | Jun 1985 - Nov 2025 |
| North Macedonia (%) | 11.7 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Malawi (%) | 51.0 Sep 2025 | monthly | Jan 1976 - Sep 2025 |
| Malaysia (%) | 3.9 Nov 2025 | monthly | Dec 1970 - Nov 2025 |
| Malta (%) | 3.9 Nov 2025 | monthly | Jan 2009 - Nov 2025 |
| Mauritius (%) | 8.9 Nov 2025 | monthly | Jul 1977 - Nov 2025 |
| Mexico (%) | 7.6 Nov 2025 | monthly | Dec 1986 - Nov 2025 |
| Moldova (%) | 12.9 Nov 2025 | monthly | Jan 2001 - Nov 2025 |
| Mongolia (%) | 10.5 Nov 2025 | monthly | Dec 1997 - Nov 2025 |
| Montenegro (%) | 9.9 2024 | yearly | 2003 - 2024 |
| Morocco (%) | 9.1 Oct 2025 | monthly | Jan 1986 - Oct 2025 |
| Mozambique (%) | 11.9 Oct 2025 | monthly | Dec 2002 - Oct 2025 |
| Myanmar (%) | 20.0 Mar 2025 | quarterly | Dec 2002 - Mar 2025 |
| Nepal (%) | 12.9 Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Netherlands (%) | 2.9 Nov 2025 | monthly | Dec 1957 - Nov 2025 |
| New Zealand (%) | 4.5 Nov 2025 | monthly | Mar 1989 - Nov 2025 |
| Nigeria (%) | 12.8 Nov 2025 | monthly | Apr 1991 - Nov 2025 |
| Norway (%) | 5.5 Nov 2025 | monthly | Dec 1993 - Nov 2025 |
| Oman (%) | 4.3 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Pakistan (%) | 14.4 Nov 2025 | monthly | Jan 1989 - Nov 2025 |
| Palestinian Territory (%) | 15.8 Nov 2025 | monthly | Jul 2003 - Nov 2025 |
| Panama (%) | 9.7 Sep 2025 | monthly | Dec 2003 - Sep 2025 |
| Paraguay (%) | 13.2 Nov 2025 | monthly | Dec 1989 - Nov 2025 |
| Peru (%) | 5.3 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Philippines (%) | 8.8 Oct 2025 | monthly | Dec 1989 - Oct 2025 |
| Poland (%) | 10.6 Nov 2025 | monthly | Dec 1997 - Nov 2025 |
| Portugal (%) | 6.0 Oct 2025 | monthly | Dec 1980 - Oct 2025 |
| Qatar (%) | 1.2 Nov 2025 | monthly | Jan 1983 - Nov 2025 |
| Romania (%) | 6.6 Nov 2025 | monthly | Dec 2002 - Nov 2025 |
| Russia (%) | 13.0 Oct 2025 | monthly | Dec 1992 - Oct 2025 |
| Saudi Arabia (%) | 6.6 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Serbia (%) | 11.0 Nov 2025 | monthly | Aug 2002 - Nov 2025 |
| Singapore (%) | 6.1 Nov 2025 | monthly | Mar 2005 - Nov 2025 |
| Slovakia (%) | 4.7 Nov 2025 | monthly | Dec 2001 - Nov 2025 |
| Slovenia (%) | 6.5 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| South Africa (%) | 7.8 Nov 2025 | monthly | Mar 1966 - Nov 2025 |
| Spain (%) | 4.7 Nov 2025 | monthly | Jan 1963 - Nov 2025 |
| Sri Lanka (%) | 10.8 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Sudan (%) | 82.3 Nov 2025 | monthly | Dec 2004 - Nov 2025 |
| Sweden (%) | 3.2 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Switzerland (%) | 16.2 Oct 2025 | monthly | Dec 1985 - Oct 2025 |
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Learn more about what we doPortugal Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | 0.4 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Consolidated Fiscal Balance (USD mn) | 3,449.979 Sep 2025 | quarterly | Mar 1995 - Sep 2025 |
| Tax Revenue (USD mn) | 27,008.651 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Tax Revenue: % of GDP (%) | 29.4 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| National Government Debt (USD mn) | 345,501.8 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Government Debt: % of GDP (%) | 97.6 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Forecast: Government Expenditure (EUR bn) | 156.693 2030 | yearly | 1986 - 2030 |
| Forecast: Government Net Debt (EUR bn) | 280.157 2030 | yearly | 1990 - 2030 |
| Forecast: Government Revenue (EUR bn) | 153.396 2030 | yearly | 1986 - 2030 |
| General Govt Gross Debt: as % of GDP (%) | 97.600 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Government Budget: ytd: Expenditure: Current (EUR mn) | 56,887.064 Oct 2025 | monthly | Jan 2005 - Oct 2025 |
| Government Budget: ytd: Revenue: Current: Tax: Direct (EUR mn) | 22,801.247 Oct 2025 | monthly | Dec 1992 - Oct 2025 |
| Government Budget: ytd: Revenue: Current: Tax: Indirect: Value Added Tax (EUR mn) | 24,257.188 Nov 2025 | monthly | Dec 1992 - Nov 2025 |
| Government Budget: ytd: Expenditure: Capital (EUR mn) | 3,372.733 Oct 2025 | monthly | Jan 2005 - Oct 2025 |
| Government Budget: ytd: Balance (EUR mn) | -4,270.494 Oct 2025 | monthly | Dec 1992 - Oct 2025 |
| Government Budget: ytd: Revenue (EUR mn) | 61,989.239 Nov 2025 | monthly | Dec 2004 - Nov 2025 |
| Government Budget: ytd: Expenditure (EUR mn) | 60,259.798 Oct 2025 | monthly | May 2009 - Oct 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.806 2030 | yearly | 1980 - 2030 |
| Trade Balance (USD mn) | -2,301.4 Nov 2025 | monthly | Jan 1957 - Nov 2025 |
| Total Exports (USD mn) | 7,707.2 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Total Exports Growth (%) | -1.7 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Aluminum: Exports (USD th) | 311,567.683 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 3,528,600.993 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 156,342.270 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 11,532.8 Sep 2025 | monthly | Jan 1993 - Sep 2025 |
| Total Imports Growth (%) | -3.0 Oct 2025 | monthly | Jan 1994 - Oct 2025 |
| Imports: Medicament (USD th) | 2,985,797.474 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 1,408,935.558 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 336.110 Nov 2025 | monthly | Jan 1960 - Nov 2025 |
| Total Imports from USA (USD mn) | 181.382 Nov 2025 | monthly | Dec 1974 - Nov 2025 |
| Total Exports to China (USD mn) | 60.889 Nov 2025 | monthly | Sep 1994 - Nov 2025 |
| Total Imports from China (USD mn) | 530.235 Nov 2025 | monthly | Feb 1974 - Nov 2025 |
| Exports (EUR) | 6,668,250,924.000 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Exports: Footwear and Gaiters (EUR mn) | 135.689 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Exports: Plastics and Articles (EUR mn) | 280.905 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Exports: Vehicles Other Than Railway and Tramway (EUR mn) | 1,001.039 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Exports: Mineral Fuels, Mineral Oils and Products of Their Distillation (EUR mn) | 145.354 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Exports: Electrical Machinery and Equipment (EUR mn) | 597.665 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Exports: EU: Germany (EUR mn) | 1,035.105 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Exports: EU: Spain (EUR mn) | 1,822.289 Oct 2025 | monthly | Jan 2004 - Oct 2025 |
| Exports: EU: France (EUR mn) | 811.346 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports (EUR) | 8,659,466,501.000 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Imports: Electrical Machinery and Equipment (EUR mn) | 888.003 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports: Plastics and Articles (EUR mn) | 353.338 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports: Vehicles Other Than Railway and Tramway (EUR mn) | 1,143.243 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports: Nuclear Reactors, Boilers (EUR mn) | 818.472 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports: Mineral Fuels, Mineral Oils and Products of Their Distillation (EUR mn) | 581.379 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports: EU: Germany (EUR mn) | 1,078.514 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports: EU: France (EUR mn) | 658.496 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports: EU: Spain (EUR mn) | 3,103.768 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Imports: Non EU: United States (EUR mn) | 156.932 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Import Value Index (2015=100) | 146.028 2021 | yearly | 1995 - 2021 |
| Export Value Index (2015=100) | 136.577 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.2 Nov 2025 | monthly | Dec 1997 - Nov 2025 |
| Household Debt: % of GDP (%) | 55.9 Sep 2025 | quarterly | Dec 2007 - Sep 2025 |
| Non-Performing Loans (USD mn) | 2,941.644 Nov 2025 | monthly | Dec 1997 - Nov 2025 |
| Money Supply M1 (USD mn) | 175,751.669 Oct 2025 | monthly | Dec 1979 - Oct 2025 |
| Money Supply M2 (USD mn) | 353,348.016 Oct 2025 | monthly | Dec 1979 - Oct 2025 |
| M2 Growth (%) | 6.0 Oct 2025 | monthly | Dec 1980 - Oct 2025 |
| Reserve Requirement Ratio (%) | 1.0 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Foreign Exchange Reserves (USD mn) | 10,723.2 Nov 2025 | monthly | Dec 1999 - Nov 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 1.976 Sep 2025 | quarterly | Dec 1999 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.1 Nov 2025 | monthly | Dec 1999 - Nov 2025 |
| Gold Reserves (USD mn) | 46,911.414 Sep 2025 | monthly | Dec 1956 - Sep 2025 |
| Total Deposits (USD mn) | 345,941.822 Oct 2025 | monthly | Dec 1979 - Oct 2025 |
| Total Deposits Growth (%) | 6.0 Nov 2025 | monthly | Dec 1980 - Nov 2025 |
| Domestic Credit (USD mn) | 396,331.3 Nov 2025 | monthly | Dec 1979 - Nov 2025 |
| Domestic Credit Growth (%) | 0.3 Aug 2019 | monthly | Dec 2001 - Aug 2019 |
| Debt Service Ratio: Households (%) | 5.900 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 12.600 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Credit to Households (USD bn) | 185.143 Jun 2025 | quarterly | Dec 1979 - Jun 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 453.321 Jun 2025 | quarterly | Mar 1957 - Jun 2025 |
| Household Debt (USD mn) | 198,211.4 Sep 2025 | quarterly | Dec 2007 - Sep 2025 |
| Total Loans (USD mn) | 264,951.539 Nov 2025 | monthly | Dec 1979 - Nov 2025 |
| Total Loans Growth (%) | 7.05 Nov 2025 | monthly | Dec 1980 - Nov 2025 |
| Private Debt: % of Nominal GDP (%) | 71.45 Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Money Supply: M3: National Contribution: EC: M2 (EUR mn) | 308,684.760 Nov 2025 | monthly | Sep 1997 - Nov 2025 |
| Money Supply: M3: National Contribution: EC: M2: M1 (EUR mn) | 152,284.610 Oct 2025 | monthly | Sep 1997 - Oct 2025 |
| Official Reserve Assets: Foreign Currency Reserves (FC) (EUR mn) | 4,064.740 Jan 2025 | monthly | Dec 1999 - Jan 2025 |
| Official Reserve Assets (EUR mn) | 41,758.660 Jan 2025 | monthly | Dec 1999 - Jan 2025 |
| Outstanding Housing Credit (EUR) | 74,670.000 Nov 2025 | monthly | Nov 2003 - Nov 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 3.9 Dec 2025 | monthly | Jan 1988 - Dec 2025 |
| Economic Sentiment Index: sa (1990-2006=100) | 107.200 Jan 2025 | monthly | Jan 1987 - Jan 2025 |
| Coincident Indicator: Economic Activity (%) | 1.600 Jan 2025 | monthly | Jan 1978 - Jan 2025 |
More Indicators for Portugal
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