Portugal’s current account deficit sharply narrowed to EUR 52.5 million in February of 2021 from EUR 194.0 million in the same month of the previous year. It was the smallest current account gap for a February month since 2018, as the trade deficit of goods shrank to EUR 556.6 million from EUR 1406.9 million a year earlier, while the services surplus fell to EUR 313.7 million from 958.2 million, amid a sharp decline in tourism revenues (EUR 221.6 million from EUR 958.6 million). Meantime, the primary income deficit widened to EUR 161.3 million from EUR 106.5 million and the secondary income surplus fell to EUR 339.9 million from EUR 347.7 million. source: Banco de Portugal
Current Account in Portugal averaged -675.53 EUR Million from 1996 until 2021, reaching an all time high of 1655.06 EUR Million in August of 2017 and a record low of -2674.13 EUR Million in June of 2010. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Current Account in Portugal is expected to be -40.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Portugal to stand at -220.00 in 12 months time. In the long-term, the Portugal Current Account is projected to trend around -100.00 EUR Million in 2022, according to our econometric models.