Portugal's current account surplus narrowed to EUR 0.66 billion in August 2020 from EUR 1.58 billion in the same month last year as the services surplus declined to EUR 1.32 billion from EUR 2.82 billion, led by a sharp decline in tourism revenues (EUR 1.46 billion from EUR 3.02 billion). Meanwhile, the goods deficit shrank to EUR 0.91 billion from EUR 1.41 billion, while the primary income gap declined to EUR 0.12 billion from EUR 0.19 billion. The secondary income surplus rose slightly to EUR 0.37 billion from EUR 0.36 billion. source: Banco de Portugal
Current Account in Portugal averaged -692.23 EUR Million from 1996 until 2020, reaching an all time high of 1658.15 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 October of 2020.
Current Account in Portugal is expected to be -350.00 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 250.00 in 12 months time. In the long-term, the Portugal Current Account is projected to trend around -220.00 EUR Million in 2021 and -100.00 EUR Million in 2022, according to our econometric models.