Portugal posted a current account deficit of EUR 325 million in March 2019, compared to a EUR 301 million surplus in the same month of the previous year, as the trade gap widened sharply to EUR 1,485 million from EUR 1,082 million. In addition, the primary income account posted a EUR 228 million deficit, compared to a EUR 164 million surplus last year, while the services surplus increased to EUR 1,085 million from EUR 972 million on the back of tourism revenues and the secondary income surplus rose to EUR 304 million from EUR 247 million. Considering the first quarter as a whole, the current account deficit almost quadrupled to EUR 1,591 million. Current Account in Portugal averaged -763.50 EUR Million from 1996 until 2019, reaching an all time high of 1105.17 EUR Million in July of 2016 and a record low of -2590.60 EUR Million in June of 2010.

Current Account in Portugal is expected to be 51.00 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 -100.00 in 12 months time. In the long-term, the Portugal Current Account is projected to trend around -120.00 EUR Million in 2020, according to our econometric models.

Portugal Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-20 11:30 AM Current Account €-173.8M €-629.1M € -160M
2019-03-20 11:30 AM Current Account €-740.8M €-173.8M €-620M
2019-04-22 10:30 AM Current Account €-667.4M €-740.8M €-250M
2019-05-21 10:30 AM Current Account €-324.7M €-525.4M €-120M
2019-06-25 10:30 AM Current Account €-324.7M €-420M
2019-07-18 10:30 AM Current Account €-970M
2019-08-21 10:30 AM Current Account €51M


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -1802.33 -1801.97 3.55 -2524.87 EUR Million [+]
Current Account -324.71 -525.36 1105.17 -2590.60 EUR Million [+]
Current Account to GDP -0.60 0.50 3.10 -14.70 percent [+]
Imports 6801.28 6977.92 6977.92 0.00 EUR Million [+]
Exports 4998.95 5175.95 5319.44 1.69 EUR Million [+]
External Debt 412765.99 407313.05 421132.40 56392.07 EUR Million [+]
Capital Flows 361.82 -531.92 1857.05 -2366.47 EUR Million [+]
Foreign Direct Investment 343.08 121.97 6288.10 -3307.52 EUR Million [+]
Remittances 316.45 329.43 515.40 153.66 EUR Million [+]
Tourism Revenues 1051.72 830.17 2196.02 199.98 EUR Million [+]
Gold Reserves 382.50 382.50 606.76 382.48 Tonnes [+]
Terrorism Index 0.00 0.00 1.85 0.00 [+]
Tourist Arrivals 3186713.00 2273677.00 5972372.00 88000.00 [+]
Weapons Sales 3.00 56.00 172.00 0.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Portugal Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-324.71 -525.36 1105.17 -2590.60 1996 - 2019 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -2317.00 Dec/18
Australia -2900.00 Mar/19
Brazil 662.00 May/19
Canada -17347.00 Mar/19
China 586.00 Mar/19
Euro Area 19.20 Apr/19
France -846.00 Apr/19
Germany 22600.00 Apr/19
India -16899.55 Dec/18
Indonesia -6966.00 Mar/19
Italy 3913.80 Apr/19
Japan 1707.39 Apr/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 20296.50 Mar/19
South Africa -142495.00 Mar/19
South Korea -660.00 Apr/19
Spain 26.00 Mar/19
Switzerland 17215.95 Mar/19
Turkey -1334.00 Apr/19
United Kingdom -23707.00 Dec/18
United States -130400.00 Mar/19


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