Portugal's current account deficit widened sharply to EUR 667 million in February 2019 from EUR 182 million in the same month last year, as the goods gap increased to EUR 1,297 million from EUR 836 million while the secondary income account posted a EUR 101 million deficit, compared to EUR 30 surplus in February 2018. In addition, The services surplus fell to EUR 841 million from EUR 851 million a year ago, while the primary income gap fell to EUR 111 million from EUR 227 million. Considering January-February, the current account deficit widened to EUR 1.41 trillion from EUR 0.71 trillion in the same period of 2018. Current Account in Portugal averaged -765.59 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
2019-01-21 11:30 AM Current Account €-629.1M €495.7M €151M
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 €-667.4M €-120M
2019-06-20 10:30 AM Current Account €-420M
2019-07-18 10:30 AM Current Account €-970M


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -1504.00 -1973.00 3.55 -2524.87 EUR Million [+]
Current Account -667.44 -740.83 1105.17 -2590.60 EUR Million [+]
Current Account to GDP -0.60 0.50 3.10 -14.70 percent [+]
Imports 6325.00 6928.00 6928.00 0.00 EUR Million [+]
Exports 4821.00 4956.00 5319.44 1.69 EUR Million [+]
External Debt 412765.99 407313.05 421132.40 56392.07 EUR Million [+]
Capital Flows -506.30 -348.35 1857.05 -2366.47 EUR Million [+]
Foreign Direct Investment 90.43 1044.16 6288.10 -3307.52 EUR Million [+]
Remittances 300.35 359.79 515.40 153.66 EUR Million [+]
Tourism Revenues 830.17 851.02 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 1779897.00 2326269.00 5241544.00 88000.00 [+]
Weapons Sales 56.00 172.00 172.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-667.44 -740.83 1105.17 -2590.60 1996 - 2019 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -1134.00 Feb/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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