Portugal's current account surplus increased to EUR 495.7 million in October 2018 from EUR 326.9 million in the corresponding month of the previous year. The services surplus rose to EUR 1,608.1 million from EUR 1,508 million, with tourism revenues growing to EUR 1,195.2 million from EUR 1,191.7 million in October 2017; and the primary income surplus went up to EUR 165.5 million from EUR 56.5 million. In contrast, the goods deficit increased to EUR 1,434 million from EUR 1,407 million and the secondary income surplus decreased to EUR 156.1 million from EUR 169.4 million in the same month of 2017, despite a rise in workers remittances to EUR 256.2 million from EUR 232 million. Current Account in Portugal averaged -768.70 EUR Million from 1996 until 2018, 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 -160.00 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 551.00 in 12 months time. In the long-term, the Portugal Current Account is projected to trend around -90.00 EUR Million in 2020, according to our econometric models.

Portugal Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-19 10:15 AM Current Account €770.3M €-529.2M €891M
2018-10-18 10:20 AM Current Account €524.7M €770.3M €1051M
2018-11-21 11:30 AM Current Account €166.5M €532.7M €451M
2018-12-19 11:30 AM Current Account €495.7M €166.5M €465M
2019-01-21 11:30 AM Current Account €495.7M
2019-02-20 11:30 AM Current Account € -160M
2019-03-20 11:30 AM Current Account


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -2066.26 -1623.77 3.55 -2524.87 EUR Million [+]
Current Account 495.70 166.54 1105.17 -2590.60 EUR Million [+]
Current Account to GDP 0.50 0.60 3.10 -14.70 percent [+]
Imports 6816.60 6752.00 6867.74 0.00 EUR Million [+]
Exports 4750.34 5128.23 5319.44 1.69 EUR Million [+]
External Debt 407313.05 411679.63 421132.40 56392.07 EUR Million [+]
Foreign Direct Investment -12.52 -940.86 6288.10 -3307.52 EUR Million [+]
Capital Flows 852.01 228.71 1857.05 -2366.47 EUR Million [+]
Remittances 302.50 325.95 515.40 153.66 EUR Million [+]
Tourism Revenues 1778.22 2196.02 2196.02 199.98 EUR Million [+]
Gold Reserves 382.50 382.50 606.76 382.48 Tonnes [+]
Terrorism Index 0.00 0.06 1.85 0.00 [+]
Tourist Arrivals 4063133.00 4451477.00 5241544.00 88000.00 [+]
Weapons Sales 56.00 172.00 172.00 0.00 USD Million [+]

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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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
495.70 166.54 1105.17 -2590.60 1996 - 2018 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -7591.00 Sep/18
Australia -10688.00 Sep/18
Brazil -795.30 Nov/18
Canada -10343.00 Sep/18
China 233.00 Sep/18
Euro Area 26.63 Oct/18
France -2756.00 Nov/18
Germany 21400.00 Nov/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 6081.00 Oct/18
Japan 757.22 Nov/18
Mexico -5081.50 Sep/18
Netherlands 20484.80 Sep/18
Russia 27664.00 Sep/18
Saudi Arabia 29583.00 Sep/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 5063.40 Nov/18
Spain 294.00 Oct/18
Switzerland 14596.00 Sep/18
Turkey 986.00 Nov/18
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18


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