Portugal's current account surplus increased to EUR 166.5 million in September 2018 from EUR 156.3 million in the same month of the previous year. The services surplus rose to EUR 1,845.8 million from EUR 1,634.1 million, with tourism revenues growing to EUR 1,001 million from EUR 942.5 million in September 2017; and the secondary income surplus also went up to EUR 227.5 million from EUR 186.7 million, as workers remittances advanced to EUR 280.6 million from EUR 246.1 million. In addition, the goods deficit narrowed to EUR 1,047.5 million from EUR 1,082.4 million. On the other hand, the primary income gap went up to EUR 859.3 million from EUR 582 million a year earlier. Current Account in Portugal averaged -773.42 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 -160.00 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 551.00 in 12 months time. In the long-term, the Portugal Current Account is projected to trend around -90.00 EUR Million in 2020, according to our econometric models.

Portugal Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-21 10:00 AM Current Account €-529.2M €-1159.6M €-25M
2018-09-19 10:15 AM Current Account €770.3M €-529.2M €891M
2018-10-18 10:20 AM Current Account €524.7M €770.3M €1051M
2018-11-21 11:30 AM Current Account €166.5M €532.7M €451M
2018-12-19 11:30 AM Current Account €166.5M €465M
2019-01-21 11:30 AM Current Account
2019-02-21 11:15 AM Current Account € -160M


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -1592.89 -1226.11 3.55 -2524.87 EUR Million [+]
Current Account 166.54 532.67 1105.17 -2590.60 EUR Million [+]
Current Account to GDP 0.50 0.60 3.10 -14.70 percent [+]
Imports 6748.21 5924.27 6867.74 0.00 EUR Million [+]
Exports 5155.32 4698.15 5319.44 1.69 EUR Million [+]
External Debt 407313.05 411679.63 421132.40 56392.07 EUR Million [+]
Foreign Direct Investment -940.86 1375.91 6288.10 -3307.52 EUR Million [+]
Capital Flows 228.71 1347.53 1857.05 -2366.47 EUR Million [+]
Remittances 325.95 300.08 515.40 153.66 EUR Million [+]
Tourism Revenues 1778.22 2196.02 2196.02 199.98 EUR Million [+]
Gold Reserves 382.50 382.50 606.76 382.48 Tonnes [+]
Terrorism Index 0.00 0.06 1.85 0.00 [+]
Tourist Arrivals 4063133.00 4451477.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
166.54 532.67 1105.17 -2590.60 1996 - 2018 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -8292.00 Jun/18
Australia -10688.00 Sep/18
Brazil 329.00 Oct/18
Canada -10343.00 Sep/18
China 160.00 Sep/18
Euro Area 24.07 Sep/18
France -684.00 Oct/18
Germany 15900.00 Oct/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 3154.00 Sep/18
Japan 1309.90 Oct/18
Mexico -5081.50 Sep/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 9190.00 Oct/18
Spain 899.00 Sep/18
Switzerland 22143.83 Jun/18
Turkey 2770.00 Oct/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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