The current account gap in Portugal narrowed to EUR 278.3 billion in December of 2019 from EUR 354.3 billion a year earlier. The goods gap fell to EUR 1.325 billion from EUR 1.41 billion; the services surplus went up to EUR 1.17 billion from EUR 1.15 billion; and the secondary income surplus widened to EUR 0.48 billion from EUR 0.44 billion. In contrast, the primary income deficit increased to EUR 0.61 billion from EUR 0.53 billion. Considering full 2019, the current account swung to a EUR 0.182 billion deficit from a surplus of EUR 0.792 billion in 2018.
Current Account in Portugal averaged -703.59 EUR Million from 1996 until 2019, reaching an all time high of 1658.15 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.
Current Account in Portugal is expected to be -180.00 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 -90.00 in 12 months time. In the long-term, the Portugal Current Account is projected to trend around -120.00 EUR Million in 2021, according to our econometric models.