Total shortfall from extreme poverty in Portugal

Portugal: Total shortfall from extreme poverty was 23.68 million international-$ in 2021 prices in 2023. ◆ Volatile

Latest (2023)
23.68 million international-$ in 2021 prices
Change on year
up 114.4%
World rank
79th
of 120 countries
All-time high
67.95 million international-$ in 2021 prices
in 2003
All-time low
5.55 million international-$ in 2021 prices
in 2006
Years of data
21
2003–2023

Total shortfall from extreme poverty in Portugal, 2003–2023

020.0M40.0M60.0M2003201320232003: 67.9M international-$ in 2021 prices2004: 37.5M international-$ in 2021 prices2005: 38.7M international-$ in 2021 prices2006: 5.5M international-$ in 2021 prices2007: 18.5M international-$ in 2021 prices2008: 10.1M international-$ in 2021 prices2009: 11.2M international-$ in 2021 prices2010: 9.5M international-$ in 2021 prices2011: 30.6M international-$ in 2021 prices2012: 52.2M international-$ in 2021 prices2013: 58.5M international-$ in 2021 prices2014: 36.2M international-$ in 2021 prices2015: 36.7M international-$ in 2021 prices2016: 27.0M international-$ in 2021 prices2017: 29.0M international-$ in 2021 prices2018: 20.7M international-$ in 2021 prices2019: 9.4M international-$ in 2021 prices2020: 30.8M international-$ in 2021 prices2021: 16.8M international-$ in 2021 prices2022: 11.0M international-$ in 2021 prices2023: 23.7M international-$ in 2021 prices

Source: World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.

Analysis

The most recent figure for total shortfall from extreme poverty in Portugal is 23.68 million international-$ in 2021 prices, measured in 2023.

The figure is up 114.4% on the previous year and down 59.5% over ten years.

Over the whole period, total shortfall from extreme poverty in Portugal peaked at 67.95 million international-$ in 2021 prices in 2003 and was at its lowest, 5.55 million international-$ in 2021 prices, in 2006.

That places Portugal 79th out of 120 countries with data for 2023, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Total shortfall from extreme poverty in Portugal, year by year

Annual values for Total shortfall from extreme poverty in Portugal, 2003 to 2023.
Year international-$ in 2021 prices Change
2003 67.95 million international-$ in 2021 prices —
2004 37.54 million international-$ in 2021 prices -44.8%
2005 38.74 million international-$ in 2021 prices +3.2%
2006 5.55 million international-$ in 2021 prices -85.7%
2007 18.50 million international-$ in 2021 prices +233.6%
2008 10.06 million international-$ in 2021 prices -45.6%
2009 11.21 million international-$ in 2021 prices +11.3%
2010 9.49 million international-$ in 2021 prices -15.3%
2011 30.61 million international-$ in 2021 prices +222.6%
2012 52.22 million international-$ in 2021 prices +70.6%
2013 58.46 million international-$ in 2021 prices +12.0%
2014 36.20 million international-$ in 2021 prices -38.1%
2015 36.73 million international-$ in 2021 prices +1.5%
2016 27.03 million international-$ in 2021 prices -26.4%
2017 29.04 million international-$ in 2021 prices +7.4%
2018 20.74 million international-$ in 2021 prices -28.6%
2019 9.40 million international-$ in 2021 prices -54.7%
2020 30.75 million international-$ in 2021 prices +227.1%
2021 16.84 million international-$ in 2021 prices -45.3%
2022 11.05 million international-$ in 2021 prices -34.4%
2023 23.68 million international-$ in 2021 prices +114.4%

Portugal compared with similar countries

  • Portugal's 23.68 million international-$ in 2021 prices is above the median for high income countries, which is 21.17 million international-$ in 2021 prices, 1.1× the median. (42 countries reporting)
  • Portugal's 23.68 million international-$ in 2021 prices is above the median for Europe & Central Asia, which is 8.37 million international-$ in 2021 prices, 2.8× the median. (47 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 27.08 million international-$ in 2021 prices 5.55 million international-$ in 2021 prices 67.95 million international-$ in 2021 prices 7
2010s 30.99 million international-$ in 2021 prices 9.40 million international-$ in 2021 prices 58.46 million international-$ in 2021 prices 10
2020s 20.58 million international-$ in 2021 prices 11.05 million international-$ in 2021 prices 30.75 million international-$ in 2021 prices 4

Countries ranked near Portugal

  1. 76 Bulgaria 29.62 million international-$ in 2021 prices compare
  2. 77 Greece 26.68 million international-$ in 2021 prices compare
  3. 78 Kyrgyzstan 23.85 million international-$ in 2021 prices compare
  4. 80 Lithuania 22.41 million international-$ in 2021 prices compare
  5. 81 Israel 19.93 million international-$ in 2021 prices compare
  6. 82 Tunisia 19.42 million international-$ in 2021 prices compare

See the full ranking of 120 places →

More poverty & inequality data for Portugal

All data for Portugal →

Frequently asked questions

What is total shortfall from extreme poverty in Portugal?
Total shortfall from extreme poverty in Portugal was 23.68 million international-$ in 2021 prices in 2023, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
What is the highest total shortfall from extreme poverty recorded in Portugal?
The highest recorded value was 67.95 million international-$ in 2021 prices in 2003.
What is the lowest total shortfall from extreme poverty recorded in Portugal?
The lowest recorded value was 5.55 million international-$ in 2021 prices in 2006.
How does Portugal rank for total shortfall from extreme poverty?
Portugal ranks 79th out of 120 countries with data for 2023.
Is total shortfall from extreme poverty rising or falling in Portugal?
Over the last ten years it is down 59.5%. The long-run trend across the full record is volatile.
Where does this Portugal data come from?
The figures come from World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data, published as part of Total shortfall from extreme poverty. Statizoid updates them automatically from the source API.

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Total shortfall from extreme poverty in Portugal. Statizoid, drawing on World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data. Retrieved 07 November 2026, from https://poverty.statizoid.com/stat/total-shortfall-from-extreme-poverty/portugal/

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About this data

Indicator
Total shortfall from extreme poverty
Unit
international-$ in 2021 prices
Source
World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
120 places, 2,152 data points, 1963–2025
Last refreshed

This is the amount of money that would be theoretically needed to lift the income or consumption of all people in poverty up to $3 per day. However, this is not a measure of the actual cost of eliminating poverty, since it does not take into account the costs involved in making the necessary transfers nor any changes in behavior they would bring about.