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.

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Portugal Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-1806.42 -459.30 1658.15 -2674.13 1996 - 2020 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-21 10:30 AM Feb €-277.9M €-458.3M €-440M
2020-05-20 10:30 AM Mar €-406.6M €-273.6M €-180M
2020-06-22 10:00 AM Apr €-460M €-406.6M €120M
2020-07-20 10:30 AM May €-1806M €-460M €-720M
2020-08-19 10:30 AM Jun €-1806M €-100M
2020-09-17 10:30 AM Jul €790M
2020-10-19 10:30 AM Aug €1510M
2020-11-18 11:30 AM Sep €190M


News Stream
Portugal Current Account Gap Widens in May
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.
2020-07-20
Portugal Current Account Balance Shifts to Deficit in April
Portugal posted a current account gap of EUR 459.3 million in April of 2020, swinging from a EUR 119.1 million in the corresponding month of the previous year. The goods and services deficit widened to EUR 772.1 million from EUR 240.5 million a year earlier and the secondary income surplus narrowed to EUR 275.7 million from EUR 347.4 million. On the other hand, the primary income surplus rose to EUR 37.1 million from EUR 12.2 million.
2020-06-22
Portugal Current Account Swings to Deficit in March
Portugal posted a current account deficit of EUR 406 million in March 2020, compared with a EUR 38 million surplus in the same month last year, as the goods gap widened to EUR 1422 million from EUR 1362 million while the services surplus slumped to EUR 851 million from EUR 1228 million, mainly due to a fall in tourism revenues (EUR 643 million from EUR 1125 million in March 2019). Meanwhile, the primary income gap was little-changed at EUR 191 million, while the secondary income surplus narrowed to EUR 356 million from EUR 364 million a year ago, with workers' remittances falling to EUR 269 million from EUR 284 million.
2020-05-20
Portugal Current Account Gap Widens Slightly in February
Portugal's current account deficit widened slightly to EUR 277.9 million in February of 2020 from EUR 276.4 million in the corresponding month of the previous year, as the goods and services gap rose to EUR 552.6 million from EUR 290 million. On the other hand, the primary income gap narrowed to EUR 42.4 million from EUR 75.1 million and the secondary income surplus advanced to EUR 317.1 million from EUR 88.8 million.
2020-04-21

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).