Portugal’s current account balance shifted to EUR 173.8 million deficit in December 2018 from EUR 18.2 million surplus in the same month of the previous year. The goods gap widened to EUR 1401.7 million from EUR 1261.3 million a year earlier and the primary income shortfall rose to EUR 366.4 million from EUR 158.2 million. Meanwhile, the services surplus increased to EUR 1197 million from EUR 1130.6 million a year ago, mostly boosted by tourism revenues (EUR 1064.9 million from EUR 1021.9 million) and the secondary income surplus rose to EUR 397.3 million from EUR 307 million. Considering full 2018, the country posted a current account deficit of EUR 1230.4 million compared to a EUR 878.6 million surplus in 2017. Current Account in Portugal averaged -766.03 EUR Million from 1996 until 2018, 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 -120.00 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 -110.00 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
2018-11-21 11:30 AM Current Account €166.5M €532.7M €451M
2018-12-19 11:30 AM Current Account €495.7M €166.5M €465M
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 €-173.8M €-620M
2019-04-18 10:30 AM Current Account €-250M
2019-05-21 10:30 AM Current Account €-120M


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -1615.09 -2057.52 3.55 -2524.87 EUR Million [+]
Current Account -173.79 -629.05 1105.17 -2590.60 EUR Million [+]
Current Account to GDP 0.50 0.60 3.10 -14.70 percent [+]
Imports 5971.54 6895.03 6895.03 0.00 EUR Million [+]
Exports 4356.45 4837.52 5319.44 1.69 EUR Million [+]
External Debt 407313.05 411679.63 421132.40 56392.07 EUR Million [+]
Foreign Direct Investment 472.48 -12.52 6288.10 -3307.52 EUR Million [+]
Capital Flows 109.87 852.01 1857.05 -2366.47 EUR Million [+]
Remittances 322.93 302.50 515.40 153.66 EUR Million [+]
Tourism Revenues 1048.39 1613.41 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-173.79 -629.05 1105.17 -2590.60 1996 - 2018 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -7591.00 Sep/18
Australia -10688.00 Sep/18
Brazil -815.00 Dec/18
Canada -10343.00 Sep/18
China 546.00 Dec/18
Euro Area 32.99 Dec/18
France -1117.00 Dec/18
Germany 21000.00 Dec/18
India -19100.00 Sep/18
Indonesia -9148.00 Dec/18
Italy 4211.00 Dec/18
Japan 452.80 Dec/18
Mexico -5081.50 Sep/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 17796.10 Dec/18
South Africa -176577.00 Sep/18
South Korea 4819.30 Dec/18
Spain 1770.00 Nov/18
Switzerland 14596.00 Sep/18
Turkey -1437.00 Dec/18
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18


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