Portugal recorded a Current Account surplus of 1419.85 EUR Million in August of 2026. Current Account in Portugal averaged -528.98 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. source: Banco de Portugal

Current Account in Portugal is expected to be -1020.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Current Account is projected to trend around -1200.00 EUR Million in 2027 and -1100.00 EUR Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-18 10:30 AM
Current Account
Jul €827.7M €-303.42M €980.0M
2026-10-20 10:30 AM
Current Account
Aug €1419.85M €827.7M €1050.0M
2026-11-19 11:30 AM
Current Account
Sep €1419.85M € 295M


Related Last Previous Unit Reference
Balance of Trade -2991.33 -2976.83 EUR Million Aug 2026
Capital Flows 1838.75 810.53 EUR Million Aug 2026
Current Account 1419.85 827.70 EUR Million Aug 2026
Current Account to GDP 1.20 2.20 percent of GDP Dec 2025
Exports 5362.00 7487.00 EUR Million Aug 2026
External Debt 476475.32 462816.39 EUR Million Jun 2026
Foreign Direct Investment 2261.23 1361.78 EUR Million Aug 2026
Remittances 366.46 392.04 EUR Million Aug 2026
Tourism Revenues 4436.21 3654.82 EUR Million Aug 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
1419.85 827.70 1657.06 -2367.05 1996 - 2026 EUR Million Monthly
Current Prices, NSA

News Stream
Portugal Current Account Swings to Deficit in June
Portugal’s current account balance swung to a €303.42 million deficit in June 2026, compared with a €346.64 million surplus in the same month a year earlier. The deterioration was mainly driven by a sharp widening of the goods deficit, which increased by 32.8% to €3,109 million as import growth surpaced export growth. This was partly offset by a 13.2% jump in the secondary income surplus to €435 million, supported by a 2.5% rise in remittances to €375 million, and a 13% decrease in the primary income deficit to €428 million, driven by driven by the increase in income obtained from foreign investment funds. Meanwhile, the services surplus edged up by 0.1% to €2,799 million.
2026-08-19
Portugal Current Account Deficit Widens in May
Portugal's current account deficit widened to €632.82 million in May 2026, from €445.25 million in the same month a year earlier. The deterioration was primarily driven by a 4.2% decline in the services account surplus to €2.71 billion, reflecting lower receipts from technical trade-related services and other business services. The goods account deficit also widened, rising 4.7% to €2.57 billion, as import growth (4.2%) outpaced export growth (4.0%), despite tourism revenues increasing to €2.74 billion. Meanwhile, the primary income deficit narrowed 0.6% to €1.27 billion, while the secondary income surplus increased 8.6% to €493 million, supported by higher reinsurance claims received from abroad related to compensation for damages caused by the storms that affected Portugal during the first months of the year.
2026-07-17
Portugal Current Account Surplus Widens
Portugal’s current account posted a surplus of €350.41 million in April 2026, reaching the highest level in six months, up from a surplus of €234.95 million recorded a year earlier. The secondary income surplus increased by €112 million driven by increased reinsurance claim inflows from abroad, linked to compensation for damages caused by storms that struck Portugal earlier in the year. In contrast, the primary income deficit widened by €158 million, mainly due to higher interest income received from abroad and lower interest payments to non-residents. Meanwhile, tourism revenues increased to €2383.51 million from €2263 million. In contrast, the goods account deficit increased by €189 million, as imports increased at a faster pace than exports.
2026-06-18