Portugal recorded a Current Account deficit of 1.20 percent of the country's Gross Domestic Product in 2020. source: Banco de Portugal

Current Account to GDP in Portugal averaged -4.22 percent from 1980 until 2020, 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 June of 2022.

Current Account to GDP in Portugal is expected to reach -0.40 percent of GDP by the end of 2022, 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 of GDP in 2023 and 0.10 percent of GDP in 2024, according to our econometric models.

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Portugal Current Account to GDP



Related Last Previous Unit Reference
Current Account -661.14 -411.59 EUR Million Apr 2022
Current Account to GDP -1.20 0.40 percent of GDP Dec 2020
External Debt 407247.00 408401.00 EUR Million Mar 2022
Capital Flows 140.03 -234.70 EUR Million Apr 2022
Foreign Direct Investment 987.45 -352.22 EUR Million Apr 2022
Remittances 294.50 268.11 EUR Million Apr 2022
Tourism Revenues 1560.48 1176.00 EUR Million Apr 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-1.20 0.40 3.10 -14.70 1980 - 2020 percent of GDP Yearly