Banco de Portugal Maps Net External Debt at a Twenty-Year Low of 35.67% of GDP in Q1 2026 — €111 Billion Stock and a -50.5% International Investment Position Anchor the Improvement
Banco de Portugal's Q1 2026 release pins net external debt at 35.67% of GDP — the lowest since Q2 2001 — on a €111 billion stock as GDP growth outpaces the absolute debt build. PII closes at -50.5% of GDP.
