Portugal’s current account posted a surplus of €93.97 million in March 2026, reversing from a deficit of €70.53 million recorded a year earlier. The secondary income surplus widened to €463.2 million from €440.7 million, while the primary income deficit narrowed significantly to €232.3 million from €508.7 million, largely reflecting lower interest payments and stronger property income flows. In contrast, the trade deficit widened to €2,581.9 million from €2,524.3 million, as imports grew faster than exports. The services surplus also narrowed to €2,445.2 million from €2,521.8 million, mainly due to weaker business and transportation services exports. source: Banco de Portugal

Portugal recorded a Current Account surplus of 93.97 EUR Million in March of 2026. Current Account in Portugal averaged -536.74 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 May of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-17 10:30 AM
Current Account
Feb €-288.39M €17.1M €-140.0M
2026-05-21 10:30 AM
Current Account
Mar €93.97M €-406.98M €-120.0M
2026-06-18 10:30 AM
Current Account
Apr €93.97M


Related Last Previous Unit Reference
Balance of Trade -2863.02 -2709.88 EUR Million Mar 2026
Capital Flows 1078.35 -175.00 EUR Million Mar 2026
Current Account 93.97 -288.39 EUR Million Mar 2026
Current Account to GDP 1.20 2.30 percent of GDP Dec 2025
Exports 7502.83 6204.88 EUR Million Mar 2026
External Debt 463098.92 445830.23 EUR Million Mar 2026
Foreign Direct Investment -38.05 1356.14 EUR Million Mar 2026
Remittances 339.80 357.65 EUR Million Mar 2026
Tourism Revenues 2104.77 1500.81 EUR Million Mar 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
93.97 -288.39 1657.06 -2367.05 1996 - 2026 EUR Million Monthly
Current Prices, NSA

News Stream
Portugal Current Account Swings to Surplus
Portugal’s current account posted a surplus of €93.97 million in March 2026, reversing from a deficit of €70.53 million recorded a year earlier. The secondary income surplus widened to €463.2 million from €440.7 million, while the primary income deficit narrowed significantly to €232.3 million from €508.7 million, largely reflecting lower interest payments and stronger property income flows. In contrast, the trade deficit widened to €2,581.9 million from €2,524.3 million, as imports grew faster than exports. The services surplus also narrowed to €2,445.2 million from €2,521.8 million, mainly due to weaker business and transportation services exports.
2026-05-21
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