Portugal's current account deficit widened to EUR 1,806 million in May of 2020 from EUR 1,652 million in the corresponding month of the previous year, as the goods and services account posted a gap of EUR 564 million, swinging from a EUR 190 million surplus a year earlier. Also, the secondary income surplus narrowed to EUR 263 million from EUR 423 million while the primary income deficit fell to EUR 1,505 million from EUR 2,265 million.
Current Account in Portugal averaged -703.13 EUR Million from 1996 until 2020, reaching an all time high of 1658.15 EUR Million in August of 2017 and a record low of -2674.13 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 August of 2020. source: Banco de Portugal
Current Account in Portugal is expected to be 190.00 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 -40.00 in 12 months time. In the long-term, the Portugal Current Account is projected to trend around -220.00 EUR Million in 2021 and -100.00 EUR Million in 2022, according to our econometric models.