Portugal Current Account Surplus Widens

2026-06-18 13:08 By Larissa Caser 1 min. read

Portugal’s current account posted a surplus of €350.41 million in April 2026, reaching the highest level in six months, up from a surplus of €234.95 million recorded a year earlier.

The secondary income surplus increased by €112 million driven by increased reinsurance claim inflows from abroad, linked to compensation for damages caused by storms that struck Portugal earlier in the year.

In contrast, the primary income deficit widened by €158 million, mainly due to higher interest income received from abroad and lower interest payments to non-residents.

Meanwhile, tourism revenues increased to €2383.51 million from €2263 million.

In contrast, the goods account deficit increased by €189 million, as imports increased at a faster pace than exports.



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Portugal Current Account Surplus Widens
Portugal’s current account posted a surplus of €350.41 million in April 2026, reaching the highest level in six months, up from a surplus of €234.95 million recorded a year earlier. The secondary income surplus increased by €112 million driven by increased reinsurance claim inflows from abroad, linked to compensation for damages caused by storms that struck Portugal earlier in the year. In contrast, the primary income deficit widened by €158 million, mainly due to higher interest income received from abroad and lower interest payments to non-residents. Meanwhile, tourism revenues increased to €2383.51 million from €2263 million. In contrast, the goods account deficit increased by €189 million, as imports increased at a faster pace than exports.
2026-06-18
Portugal Current Account Swings to Surplus
Portugal’s current account posted a surplus of €93.97 million in March 2026, reversing from a deficit of €70.53 million recorded a year earlier. The secondary income surplus widened to €463.2 million from €440.7 million, while the primary income deficit narrowed significantly to €232.3 million from €508.7 million, largely reflecting lower interest payments and stronger property income flows. In contrast, the trade deficit widened to €2,581.9 million from €2,524.3 million, as imports grew faster than exports. The services surplus also narrowed to €2,445.2 million from €2,521.8 million, mainly due to weaker business and transportation services exports.
2026-05-21
Portugal’s Current Account Surplus Plunges in January
Portugal’s current account surplus shrunk to just €17 million in January 2026, down sharply from €456 million a year earlier. The services surplus eased to €2,035 million (vs. €2,207 million in January 2025), with tourism revenues nearly flat at €1,596 million (vs. €1,550 million). The secondary income surplus also fell to €308 million (from €381 million), while the goods deficit widened to €2,138 million (from €1,908 million). The primary income deficit narrowed slightly to €188 million (from €225 million).
2026-03-20