Portugal recorded a Current Account deficit of 0.10 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Portugal averaged -4.41 percent from 1980 until 2019, reaching an all time high of 3.10 percent in 1986 and a record low of -14.70 percent in 1981. This page provides - Portugal Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Current Account to GDP - values, historical data and charts - was last updated on August of 2020.

Current Account to GDP in Portugal is expected to reach -0.80 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Current Account to GDP is projected to trend around -0.20 percent in 2021 and 0.10 percent in 2022, according to our econometric models.

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Portugal Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 0.10 3.10 -14.70 1980 - 2019 percent Yearly

Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -907.86 -1123.05 3.55 -2524.87 EUR Million [+]
Current Account -1806.42 -459.30 1658.15 -2674.13 EUR Million [+]
Current Account to GDP -0.10 0.10 3.10 -14.70 percent [+]
Imports 4325.16 4109.79 7270.02 0.00 EUR Million [+]
Exports 3417.31 2986.74 5603.05 1.69 EUR Million [+]
External Debt 410719.00 409805.00 421132.40 56392.07 EUR Million [+]
Capital Flows -1251.62 142.98 2266.42 -2461.82 EUR Million [+]
Foreign Direct Investment 330.61 835.02 6288.05 -3307.52 EUR Million [+]
Remittances 270.83 260.26 515.40 153.66 EUR Million [+]
Tourism Revenues 260.45 202.21 3020.03 199.98 EUR Million [+]
Gold Reserves 382.50 382.54 606.76 382.48 Tonnes [+]
Terrorism Index 0.00 0.00 1.85 0.00 [+]
Weapons Sales 3.00 56.00 172.00 0.00 USD Million [+]
Tourist Arrivals 201000.00 78888.00 6148883.00 46732.00 [+]


Portugal Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.