Portugal's current account deficit widened to EUR 102.9 million in November 2020, from EUR 57.9 million in the same month last year, as the primary income gap increased to EUR 157.0 million from EUR 132.2 million, while the secondary income surplus declined to EUR 222.6 million from EUR 386.0 million. In addition, the services surplus shrank to EUR 549.9 million from EUR 861.9 million a year earlier, with tourism revenues falling to EUR 447.7 million from EUR 993.8 million. The goods deficit, however, was down to EUR 718.4 million from EUR 1,173.6 million a year ago. Considering January-November, the current account posted a EUR 1,926 million deficit, compared with a EUR 97 million surplus in the same period of 2019. source: Banco de Portugal
Current Account in Portugal averaged -684.14 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 January of 2021.
Current Account in Portugal is expected to be -200.00 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.