Portugal’s current account surplus decreased to EUR 524.7 million in August of 2018 from EUR 936.6 million in the corresponding month of the previous year. The services surplus narrowed to EUR 2,093.3 million from EUR 2,097.4 million, although tourism revenues rose further to EUR 1,746.1 million from EUR 1,600.3 million in August of 2017. Also, the secondary income surplus fell to 216.8 million from EUR 256.9 million, with workers remittances declining slightly to EUR 252.8 million from EUR 257.3 million. On the other hand, the primary income gap widened to EUR 287.1 million from EUR 291.6 million and the goods deficit rose to EUR 1,497.3 million from EUR 1,126.1 million a year earlier. Current Account in Portugal averaged -776.88 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.

Portugal Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-21 10:00 AM Current Account €-529.2M €-1159.6M €-25M
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 €524.7M €451M
2018-12-19 11:30 AM Current Account €465M


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -1203.00 -1728.00 3.55 -2524.87 EUR Million [+]
Exports 4728.70 4045.08 5306.86 1.69 EUR Million [+]
Imports 5931.64 5773.35 6867.74 0.00 EUR Million [+]
Current Account 524.74 770.32 1105.17 -2590.60 EUR Million [+]
Current Account to GDP 0.50 0.60 3.10 -14.70 percent [+]
External Debt 411679.63 410196.09 421132.40 56392.07 EUR Million [+]
Capital Flows 1247.67 1189.38 1857.05 -2366.47 EUR Million [+]
Foreign Direct Investment 1357.33 346.83 6288.10 -3307.52 EUR Million [+]
Remittances 300.08 336.37 515.40 153.66 EUR Million [+]
Tourism Revenues 2196.02 2011.34 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 4451477.00 5002274.00 5241544.00 88000.00 [+]
Weapons Sales 56.00 172.00 172.00 0.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
524.74 770.32 1105.17 -2590.60 1996 - 2018 EUR Million Monthly
Current Prices, NSA




Country Last
Argentina -8292.00 Jun/18
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Canada -15880.00 Jun/18
China 160.00 Sep/18
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South Korea 10831.40 Sep/18
Spain 1830.00 Aug/18
Switzerland 22143.83 Jun/18
Turkey 1830.00 Sep/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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