Portugal recorded a Current Account deficit of 739.36 EUR Million in December of 2025. Current Account in Portugal averaged -542.83 EUR Million from 1996 until 2025, reaching an all time high of 1581.17 EUR Million in August of 2024 and a record low of -2367.05 EUR Million in June of 2010. source: Banco de Portugal



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-19 10:45 AM
Current Account
Nov €-68.8M €1139M €950.0M
2026-02-19 11:00 AM
Current Account
Dec €-739.4M €-1.8M €-920.0M
2026-03-20 11:30 AM
Current Account
Jan €-739.4M €550.0M


Related Last Previous Unit Reference
Balance of Trade -2871.32 -2048.71 EUR Million Dec 2025
Capital Flows 746.86 778.47 EUR Million Dec 2025
Current Account -739.36 -1.79 EUR Million Dec 2025
Current Account to GDP 1.20 2.30 percent of GDP Dec 2025
Exports 5604.68 6677.95 EUR Million Dec 2025
External Debt 445830.23 454932.07 EUR Million Dec 2025
Foreign Direct Investment 676.26 2097.97 EUR Million Dec 2025
Remittances 380.17 366.29 EUR Million Dec 2025
Tourism Revenues 1615.44 1514.90 EUR Million Dec 2025


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).
Actual Previous Highest Lowest Dates Unit Frequency
-739.36 -1.79 1581.17 -2367.05 1996 - 2025 EUR Million Monthly
Current Prices, NSA

News Stream
Portugal Current Account Shifts to Deficit in November
Portugal’s current account recorded a deficit of €68.8 million in November 2025, compared to a surplus of €201.3 million in the same month last year. The trade deficit deteriorated by €101 million, reflecting weaker exports alongside higher imports, with transport-related goods accounting for a €85.4 million rise in imports. Meanwhile, the surplus in secondary income narrowed by €118 million, driven by increased contributions from Portugal to the European Union, which rose by €144.8 million. The primary income deficit also widened by €51 million, largely due to higher property income attributable to non-residents.
2026-01-19
Portugal Current Account Swings to Surplus
Portugal recorded a current account surplus of EUR 190.6 million in April 2025, compared to a deficit of EUR 93.6 million in the same period of the previous year. The services surplus rose by EUR 416 million, largely due to higher revenues from travel services (EUR 130 million) and transport services (EUR 83 million). Meanwhile, the primary income deficit narrowed by EUR 107 million, mainly reflecting an increase in EU subsidies (EUR 72 million). On the other hand, the goods deficit widened to EUR 288 million, as exports fell by EUR 460 million, outweighing the EUR 173 million decline in imports.
2025-06-18