The current account gap in Portugal rose to EUR 740.8 million in January of 2019 from EUR 526.7 million in the corresponding month of the previous year. The goods deficit widened to EUR 1,538.2 million from EUR 1,156.3 million a year earlier and the services surplus fell to EUR 667.8 million from EUR 739.4 million, with tourism revenues rising to EUR 851.0 million from EUR 788.1 million. Meanwhile, the primary income shortfall narrowed to EUR 153 million from EUR 316 million in January of 2017 and the secondary income surplus went up to EUR 283 million from EUR 206 million. Current Account in Portugal averaged -765.94 EUR Million from 1996 until 2019, reaching an all time high of 1105.17 EUR Million in July of 2016 and a record low of -2590.60 EUR Million in June of 2010.

Current Account in Portugal is expected to be -120.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Portugal to stand at -110.00 in 12 months time. In the long-term, the Portugal Current Account is projected to trend around -120.00 EUR Million in 2020, according to our econometric models.

Portugal Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-19 11:30 AM Current Account €495.7M €166.5M €465M
2019-01-21 11:30 AM Current Account €-629.1M €495.7M €151M
2019-02-20 11:30 AM Current Account €-173.8M €-629.1M € -160M
2019-03-20 11:30 AM Current Account €-740.8M €-173.8M €-620M
2019-04-22 10:30 AM Current Account €-740.8M €-250M
2019-05-21 10:30 AM Current Account €-120M
2019-06-20 10:30 AM Current Account €-420M


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -1504.00 -1973.00 3.55 -2524.87 EUR Million [+]
Current Account -740.83 -173.79 1105.17 -2590.60 EUR Million [+]
Current Account to GDP -0.60 0.50 3.10 -14.70 percent [+]
Imports 6325.00 6928.00 6928.00 0.00 EUR Million [+]
Exports 4821.00 4956.00 5319.44 1.69 EUR Million [+]
External Debt 412765.99 407313.05 421132.40 56392.07 EUR Million [+]
Capital Flows -348.35 382.33 1857.05 -2366.47 EUR Million [+]
Foreign Direct Investment 1044.16 328.80 6288.10 -3307.52 EUR Million [+]
Remittances 359.79 367.81 515.40 153.66 EUR Million [+]
Tourism Revenues 851.02 1064.85 2196.02 199.98 EUR Million [+]
Gold Reserves 382.50 382.50 606.76 382.48 Tonnes [+]
Terrorism Index 0.00 0.00 1.85 0.00 [+]
Tourist Arrivals 1779897.00 2326269.00 5241544.00 88000.00 [+]
Weapons Sales 56.00 172.00 172.00 0.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-740.83 -173.79 1105.17 -2590.60 1996 - 2019 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -1134.00 Feb/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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