Portugal's current account surplus narrowed to EUR 448.8 million in August 2021, from EUR 603.2 million in the same month last year, as the goods account deficit widened to EUR 1,545.2 million from EUR 968.5 million, and the primary income account deficit increased to EUR 210 million from EUR 152.7 million. At the same time, the secondary income surplus shrank to EUR 308.3 million from EUR 417.8 million. Meanwhile, the services account surplus widened to EUR 1,895.8 million from EUR 1,306.6 million, partially offsetting the current account worsening. source: Banco de Portugal

Current Account in Portugal averaged -665.94 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 October of 2021.

Current Account in Portugal is expected to be -460.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Current Account is projected to trend around -230.00 EUR Million in 2022 and -320.00 EUR Million in 2023, according to our econometric models.

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Portugal Current Account


Calendar GMT Actual Previous Consensus TEForecast
2021-07-20 10:30 AM May €-974.9M €-576.5M €-680M
2021-08-18 10:45 AM Jun €35.9M €-894.6M
2021-09-20 10:30 AM Jul €-211.1M €35.9M €250M
2021-10-20 11:00 AM Aug €448.8M €-211.1M €320M
2021-11-18 11:30 AM Sep €448.8M
2021-12-22 11:30 AM Oct


News Stream
Portugal Current Account Surplus Narrows in August
Portugal's current account surplus narrowed to EUR 448.8 million in August 2021, from EUR 603.2 million in the same month last year, as the goods account deficit widened to EUR 1,545.2 million from EUR 968.5 million, and the primary income account deficit increased to EUR 210 million from EUR 152.7 million. At the same time, the secondary income surplus shrank to EUR 308.3 million from EUR 417.8 million. Meanwhile, the services account surplus widened to EUR 1,895.8 million from EUR 1,306.6 million, partially offsetting the current account worsening.
2021-10-20
Portugal Current Account Swings to Deficit in July
Portugal’s current account switched into a deficit of EUR 211.1 million in July of 2021 from a EUR 158.2 million surplus in the same month of the previous year, amid a sharp increase in the goods account gap to EUR 1,219.3 million from EUR 612.4 million. In addition, the primary income slightly worsened to EUR 426.8 million from EUR 227.5 million. In contrast, partially offsetting the losses recorded, the services account surplus widened to EUR 1,008.5 million from EUR 776 million, while the secondary income surplus went to EUR 498.4 million from EUR 415.3 million.
2021-09-20
Portugal Current Account Surplus Narrows in June
Portugal's current account surplus narrowed to EUR 35.9 million in June 2021, from EUR 300.7 million in the same month last year, as the primary income surplus declined slightly to EUR 176.7 million from EUR 138.4 million and the goods deficit rose sharply to EUR 1358.2 million from EUR 731.1 million. Meanwhile, the services surplus increased to EUR 791.3 million from EUR 567.7 million a year ago, with tourism revenues climbing to EUR 687.0 million from EUR 316.2 million. The secondary income surplus was also up at EUR 426.2 billion, compared with EUR 325.6 million last year.
2021-08-18
Portugal Current Account Gap Narrows Markedly in May
Portugal’s current account deficit narrowed to EUR 964.9 million in May of 2021 from EUR 1,844.0 million in the corresponding month of the previous year. The goods account gap widened to EUR 1,189.7 million from EUR 851.5 million a year ago; while the primary income shortfall narrowed sharply to EUR 923.6 million from EUR 1,573.0 million. On the other hand, the services surplus expanded to EUR 537.7 million from EUR 297.5 million in May 2020, mostly due to a rise in tourism revenues to EUR 531.1 million from EUR 232.1 million; and the secondary income also widened to EUR 600.7 million from EUR 283.0 million. In the first five months of 2021, the country's current account gap shrank to EUR 2,023.9 million from EUR 2,949.1 million a year ago.
2021-07-20

Portugal Last Unit Reference Previous Highest Lowest
Current Account 448.80 EUR Million Aug/21 -211.08 1655.06 -2674.13
Current Account to GDP -1.20 percent of GDP Dec/20 0.40 3.10 -14.70
External Debt 415928.00 EUR Million Jun/21 409272.00 421132.40 56392.07
Capital Flows 2227.43 EUR Million Jul/21 522.31 2227.43 -2461.82
Foreign Direct Investment 915.50 EUR Million Jul/21 680.46 6288.05 -3307.52
Remittances 366.83 EUR Million Jul/21 306.20 515.40 153.66
Tourism Revenues 1152.38 EUR Million Jul/21 687.01 2982.98 179.59


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).