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.