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

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 March of 2021.

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 -1370.00 -892.94 3.55 -2524.87 EUR Million [+]
Current Account -462.44 -172.39 1655.06 -2674.13 EUR Million [+]
Current Account to GDP -0.10 0.10 3.10 -14.70 percent [+]
Imports 5599.74 6101.47 7272.93 0.00 EUR Million [+]
Exports 4229.43 5208.54 5591.27 1.69 EUR Million [+]
External Debt 410349.00 414452.00 421132.40 56392.07 EUR Million [+]
Capital Flows -25.53 490.50 2181.47 -2461.82 EUR Million [+]
Foreign Direct Investment 1745.71 130.95 6288.05 -3307.52 EUR Million [+]
Remittances 335.67 294.24 515.40 153.66 EUR Million [+]
Tourism Revenues 519.55 379.73 2982.98 180.84 EUR Million [+]
Gold Reserves 382.57 382.57 606.76 382.48 Tonnes [+]
Weapons Sales 3.00 56.00 172.00 0.00 USD Million [+]
Tourist Arrivals 383989.00 400509.00 6195912.00 46732.00 Persons [+]
Terrorism Index 0.00 0.00 1.85 0.00 [+]


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.