Portugal’s current account surplus shrunk to just €17 million in January 2026, down sharply from €456 million a year earlier. The services surplus eased to €2,035 million (vs. €2,207 million in January 2025), with tourism revenues nearly flat at €1,596 million (vs. €1,550 million). The secondary income surplus also fell to €308 million (from €381 million), while the goods deficit widened to €2,138 million (from €1,908 million). The primary income deficit narrowed slightly to €188 million (from €225 million). source: Banco de Portugal

Portugal recorded a Current Account surplus of 17.09 EUR Million in January of 2026. Current Account in Portugal averaged -539.18 EUR Million from 1996 until 2026, reaching an all time high of 1657.06 EUR Million in August of 2024 and a record low of -2367.05 EUR Million in June of 2010. 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 - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-19 11:00 AM
Current Account
Dec €-739.4M €-1.8M €-920.0M
2026-03-20 11:30 AM
Current Account
Jan €17.1M €-739.4M €550.0M
2026-04-17 10:30 AM
Current Account
Feb €17.1M €-140.0M


Related Last Previous Unit Reference
Balance of Trade -2546.00 -2526.00 EUR Million Feb 2026
Capital Flows 155.08 746.86 EUR Million Jan 2026
Current Account 17.09 -739.36 EUR Million Jan 2026
Current Account to GDP 1.20 2.30 percent of GDP Dec 2025
Exports 6174.00 6060.00 EUR Million Feb 2026
External Debt 445830.23 454932.07 EUR Million Dec 2025
Foreign Direct Investment 865.49 676.26 EUR Million Jan 2026
Remittances 378.69 380.17 EUR Million Jan 2026
Tourism Revenues 1596.42 1615.44 EUR Million Jan 2026


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
17.09 -739.36 1657.06 -2367.05 1996 - 2026 EUR Million Monthly
Current Prices, NSA

News Stream
Portugal’s Current Account Surplus Plunges in January
Portugal’s current account surplus shrunk to just €17 million in January 2026, down sharply from €456 million a year earlier. The services surplus eased to €2,035 million (vs. €2,207 million in January 2025), with tourism revenues nearly flat at €1,596 million (vs. €1,550 million). The secondary income surplus also fell to €308 million (from €381 million), while the goods deficit widened to €2,138 million (from €1,908 million). The primary income deficit narrowed slightly to €188 million (from €225 million).
2026-03-20
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