External Debt in Portugal decreased to 445830.23 EUR Million in the fourth quarter of 2025 from 454932.07 EUR Million in the third quarter of 2025. External Debt in Portugal averaged 318069.82 EUR Million from 1996 until 2025, reaching an all time high of 454932.07 EUR Million in the third quarter of 2025 and a record low of 56392.07 EUR Million in the first quarter of 1996. source: Banco De Portugal