Portugal recorded a Current Account deficit of 1.20 percent of the country's Gross Domestic Product in 2020. source: Banco de Portugal

Current Account to GDP in Portugal averaged -4.22 percent from 1980 until 2020, reaching an all time high of 3.10 percent in 1986 and a record low of -14.70 percent in 1981. This page provides - Portugal Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Current Account to GDP - values, historical data and charts - was last updated on June of 2021.

Current Account to GDP in Portugal is expected to reach -0.80 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Current Account to GDP is projected to trend around -0.40 percent in 2022 and 0.10 percent in 2023, according to our econometric models.

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Portugal Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-1.20 0.40 3.10 -14.70 1980 - 2020 percent of GDP Yearly

Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -1255.00 -1048.00 3.55 -2524.87 EUR Million [+]
Current Account 24.08 -50.39 1655.06 -2674.13 EUR Million [+]
Current Account to GDP -1.20 0.40 3.10 -14.70 percent of GDP [+]
Imports 6593.00 6852.00 7272.93 0.00 EUR Million [+]
Exports 5338.00 5804.00 5804.00 1.69 EUR Million [+]
External Debt 409272.00 410349.00 421132.40 56392.07 EUR Million [+]
Capital Flows 662.64 815.25 2181.47 -2461.82 EUR Million [+]
Foreign Direct Investment 527.70 600.38 6288.05 -3307.52 EUR Million [+]
Remittances 270.59 302.87 515.40 153.66 EUR Million [+]
Tourism Revenues 266.00 221.61 2982.98 180.84 EUR Million [+]
Gold Reserves 382.57 382.57 606.76 382.48 Tonnes [+]
Weapons Sales 46.00 3.00 172.00 0.00 SIPRI TIV Million [+]
Tourist Arrivals 184036.00 142953.00 6195912.00 46732.00 Persons [+]
Terrorism Index 0.00 0.00 1.85 0.00 [+]


Portugal Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.