Portugal's current account surplus narrowed to EUR 35.9 million in June 2021, from EUR 300.7 million in the same month last year, as the primary income surplus declined slightly to EUR 176.7 million from EUR 138.4 million and the goods deficit rose sharply to EUR 1358.2 million from EUR 731.1 million. Meanwhile, the services surplus increased to EUR 791.3 million from EUR 567.7 million a year ago, with tourism revenues climbing to EUR 687.0 million from EUR 316.2 million. The secondary income surplus was also up at EUR 426.2 billion, compared with EUR 325.6 million last year. source: Banco de Portugal
Current Account in Portugal averaged -671.06 EUR Million from 1996 until 2021, reaching an all time high of 1655.06 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 September of 2021.
Current Account in Portugal is expected to be 320.00 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 -230.00 EUR Million in 2022 and -320.00 EUR Million in 2023, according to our econometric models.