Real effective exchange rate (REER), Index (2010=100) Adjusted by in Portugal

Portugal: Real effective exchange rate (REER), Index (2010=100) Adjusted by was 114.22 in 2025. ▲ Rising

Latest (2025)
114.22
Change on year
up 3.6%
World rank
4th
of 24 countries
All-time high
114.22
in 2025
All-time low
77.01
in 1990
Years of data
36
1990–2025

Real effective exchange rate (REER), Index (2010=100) Adjusted by in Portugal, 1990–2025

02550751001251990200720251990: 771991: 86.81992: 95.51993: 92.21994: 92.41995: 94.31996: 92.71997: 93.31998: 94.31999: 94.62000: 92.42001: 92.52002: 93.82003: 96.52004: 98.52005: 100.82006: 102.32007: 102.12008: 1012009: 98.82010: 1002011: 100.52012: 95.12013: 932014: 92.82015: 90.62016: 91.62017: 94.62018: 96.82019: 96.52020: 99.62021: 105.72022: 103.92023: 1082024: 110.32025: 114.2

Source: International Monetary Fund.

Analysis

The most recent figure for real effective exchange rate (reer), index (2010=100) adjusted by in Portugal is 114.22, measured in 2025. That is the highest value across all 36 years on record.

That represents a change of up 3.6% on the previous year and up 26.0% over ten years.

Over the whole period, real effective exchange rate (reer), index (2010=100) adjusted by in Portugal peaked at 114.22 in 2025 and was at its lowest, 77.01, in 1990.

That places Portugal 4th out of 24 countries with data for 2025, putting it in the top quarter.

The long-run direction has been consistently rising across the 36 years of available data.

Real effective exchange rate (REER), Index (2010=100) Adjusted by in Portugal, year by year

Annual values for Real effective exchange rate (REER), Index (2010=100) Adjusted by relative unit labor costs (advanced economies only) in Portugal, 1990 to 2025.
Year Value Change
1990 77.01
1991 86.85 +12.8%
1992 95.53 +10.0%
1993 92.22 -3.5%
1994 92.37 +0.2%
1995 94.34 +2.1%
1996 92.69 -1.7%
1997 93.33 +0.7%
1998 94.31 +1.1%
1999 94.6 +0.3%
2000 92.41 -2.3%
2001 92.55 +0.1%
2002 93.84 +1.4%
2003 96.49 +2.8%
2004 98.46 +2.0%
2005 100.81 +2.4%
2006 102.27 +1.4%
2007 102.14 -0.1%
2008 101.02 -1.1%
2009 98.84 -2.2%
2010 100 +1.2%
2011 100.51 +0.5%
2012 95.11 -5.4%
2013 93.04 -2.2%
2014 92.85 -0.2%
2015 90.65 -2.4%
2016 91.58 +1.0%
2017 94.65 +3.3%
2018 96.76 +2.2%
2019 96.53 -0.2%
2020 99.56 +3.1%
2021 105.72 +6.2%
2022 103.93 -1.7%
2023 107.99 +3.9%
2024 110.26 +2.1%
2025 114.22 +3.6%

Averages by decade

DecadeAverage LowestHighest Years
1990s 91.33 77.01 95.53 10
2000s 97.88 92.41 102.27 10
2010s 95.17 90.65 100.51 10
2020s 106.95 99.56 114.22 6

Countries ranked near Portugal

  1. 1 United States 153.32 compare
  2. 2 Israel 122.72 compare
  3. 3 Switzerland 120.72 compare
  4. 5 United Kingdom 113.41 compare
  5. 6 Austria 109.7 compare
  6. 7 Finland 108.62 compare

See the full ranking of 25 places →

More work & labour data for Portugal

All data for Portugal →

Frequently asked questions

What is real effective exchange rate (reer), index (2010=100) adjusted by in Portugal?
Real effective exchange rate (reer), index (2010=100) adjusted by in Portugal was 114.22 in 2025, according to International Monetary Fund.
What is the highest real effective exchange rate (reer), index (2010=100) adjusted by recorded in Portugal?
The highest recorded value was 114.22 in 2025.
What is the lowest real effective exchange rate (reer), index (2010=100) adjusted by recorded in Portugal?
The lowest recorded value was 77.01 in 1990.
How does Portugal rank for real effective exchange rate (reer), index (2010=100) adjusted by?
Portugal ranks 4th out of 24 countries with data for 2025.
Is real effective exchange rate (reer), index (2010=100) adjusted by rising or falling in Portugal?
Over the last ten years it is up 26.0%. The long-run trend across the full record is rising.
Where does this Portugal data come from?
The figures come from International Monetary Fund, published as part of Real effective exchange rate (REER), Index (2010=100) Adjusted by relative unit labor costs (advanced economies only). Statizoid updates them automatically from the source API.

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Real effective exchange rate (REER), Index (2010=100) Adjusted by in Portugal. Statizoid, drawing on International Monetary Fund. Retrieved 01 September 2026, from https://labour.statizoid.com/stat/real-effective-exchange-rate-reer-index-2010-100-adjusted-by-relative-unit-labor-costs/portugal/

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About this data

Indicator
Real effective exchange rate (REER), Index (2010=100) Adjusted by relative unit labor costs (advanced economies only)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
25 places, 900 data points, 1990–2025
Last refreshed

The Effective Exchange Rate (EER) dataset includes annual, quarterly and monthly nominal and real effective exchange rates by economy. Nominal effective exchange rates (NEERs) measure the value of a country's currency in relation to a weighted average of the currency values of their major trading partners. Real effective exchange rates (REERs) adjust the NEER to account for a country's inflation rate in relation to the weighted inflation rate of their major trading partners. The IMF publishes NEERs and REERs for approximately 90 IMF member countries that account for the vast share of global international trade. These statistics help policymakers and analysts assess the competitiveness of a country's exports, monitor currency trends, evaluate the impact of exchange rate changes on trade flows, and inform decisions regarding monetary policy, exchange rate management, and international trade. The EERs are calculated by IMF staff using exchange rate information, consumer price indexes received from national authorities and international trade weights. These weights are calculated as three-year averages of annual data available from official sources on trade, tourism and manufacturing collected from the United Nations (UN), Organization for Economic Co-operation and Development (OECD), World Bank, World Tourism Organization (UNWTO), United Nations Industrial Development Organization (UNIDO).