Portugal Current Account  1996-2017 | Data | Chart | Calendar | Forecast

The Portuguese current account surplus decreased to EUR 787.3 million in July of 2017, compared to a EUR 1,101 million surplus in the same month a year ago. The goods deficit went up to EUR 915.6 million from EUR 467.5 million and the primary income gap rose to EUR 264.2 million from EUR 130.6 million. In contrast, the services surplus widened to EUR 1,798.3 million from EUR 1,597.6 million in the previous year, with tourism revenues rising to EUR 1442.7 million from EUR 1240.2 million. Also, the secondary income surplus increased to EUR 169.8 million from EUR 101.5 million, with remittances widening to EUR 323.8 million from EUR 235.4 million. Considering the January to July period, the current account balance shifted to a EUR 633 million shortfall from a EUR 112 million surplus. Current Account in Portugal averaged -816.30 EUR Million from 1996 until 2017, reaching an all time high of 1100.99 EUR Million in July of 2016 and a record low of -2590.60 EUR Million in June of 2010.

Portugal Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2017-07-19 10:30 AM Current Account €-1427M €180M € -640M
2017-08-21 10:30 AM Current Account €12.8M €-1376.2M € -362M
2017-09-20 10:30 AM Current Account €787.3M €12.8M € 951M
2017-10-19 10:30 AM Current Account €787.3M € -264.5M
2017-11-21 11:30 AM Current Account € -150.6M
2017-12-20 11:30 AM Current Account € -167.7M


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -1056.84 -1010.82 3.55 -2524.87 EUR Million [+]
Exports 4667.58 4757.16 5241.04 1.69 EUR Million [+]
Imports 5724.42 5767.98 6266.16 0.00 EUR Million [+]
Current Account 787.30 12.77 1100.99 -2590.60 EUR Million [+]
Current Account to GDP 0.80 0.10 3.10 -14.70 percent [+]
External Debt 406576.00 402624.84 421132.40 56392.07 EUR Million [+]
Capital Flows 1260.74 737.47 1936.87 -2366.47 EUR Million [+]
Foreign Direct Investment 388.78 12.33 6288.10 -3307.52 EUR Million [+]
Remittances 323.63 292.07 515.40 153.66 EUR Million [+]
Tourism Revenues 1261.63 1336.59 1763.55 199.98 EUR Million [+]
Gold Reserves 382.51 382.51 606.76 382.48 Tonnes [+]
Tourist Arrivals 4885481.00 4394288.00 4990469.00 88000.00 [+]
Terrorism Index 0.06 0.27 1.85 0.00 [+]
Weapons Sales 169.00 7.00 169.00 1.00 USD Million [+]

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Portugal Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides the latest reported value for - Portugal Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Portugal Current Account - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
787.30 12.77 1100.99 -2590.60 1996 - 2017 EUR Million Monthly
Current Prices, NSA




current account by Country

Last
Australia -9562.00 Jun/17
Brazil -3403.80 Jul/17
Canada -16319.00 Jun/17
China 529.00 Jun/17
Euro Area 32.50 Jul/17
France -4199.00 Jul/17
Germany 19400.00 Jul/17
India -14300.00 Jun/17
Indonesia -4962.50 Jun/17
Italy 8625.00 Jul/17
Japan 2320.00 Jul/17
Mexico -321.10 Jun/17
Netherlands 20180.90 Mar/17
Russia -300.00 Jun/17
South Korea 7261.30 Jul/17
Spain 1411.00 Jun/17
Switzerland 11118.00 Mar/17
Turkey -5121.00 Jul/17
United Kingdom -16895.00 Mar/17
United States -123137.00 Jun/17