Activation data of lead are of great importance due to the widespread applications of this element in various technological fields and to the well known adverse effects to biological systems. Use of high sensitivity radioanalytical techniques allows study of uptake, distribution and speciation. Cross sections of deuteron induced nuclear reactions on lead were measured up to 40 MeV using the standard stacked foil irradiation technique and high resolution gamma-ray spectrometry. Experimental cross sections and derived integral yields are reported for the natPb(d,xn)203,204,205,206,207Bi, natPb(d,x)203Pb202Tl reactions. Only one set of experimental cross section data was found in the literature. The experimental data are analyzed and compared with the results of the theoretical model code ALICE-IPPE and with the experimental integral yield reported in the literature.