Portugal posted a current account surplus of EUR 9 million in April 2019, compared to a EUR 315 million deficit in the same month of the previous year, as the services surplus widened to EUR 1,228 million from EUR 1,198 million, boosted by a 11.8 percent increase in tourism revenues. In addition, the secondary income surplus rose to EUR 372 million from EUR 166 million a year ago, while the primary income gap shrank to EUR 153 million from EUR 620 million. Meanwhile, the goods deficit grew sharply to EUR 1,439 million from EUR 1,058 a year earlier. Considering the first four months of the year, the current account deficit widened sharply to EUR 1,582 million from EUR 722 million in the same period a of 2018. Current Account in Portugal averaged -760.74 EUR Million from 1996 until 2019, 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 51.00 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 -100.00 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
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-03-20 11:30 AM Current Account €-740.8M €-173.8M €-620M
2019-04-22 10:30 AM Current Account €-667.4M €-740.8M €-250M
2019-05-21 10:30 AM Current Account €-324.7M €-525.4M €-120M
2019-06-25 10:30 AM Current Account €8.6M €-324.7M €-420M
2019-07-18 10:30 AM Current Account €8.6M €-970M
2019-08-21 10:30 AM Current Account €51M
2019-09-19 10:30 AM Current Account €570M


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -1802.33 -1801.97 3.55 -2524.87 EUR Million [+]
Current Account 8.56 -324.71 1105.17 -2590.60 EUR Million [+]
Current Account to GDP -0.60 0.50 3.10 -14.70 percent [+]
Imports 6801.28 6977.92 6977.92 0.00 EUR Million [+]
Exports 4998.95 5175.95 5319.44 1.69 EUR Million [+]
External Debt 412765.99 407313.05 421132.40 56392.07 EUR Million [+]
Capital Flows 63.68 361.82 1857.05 -2366.47 EUR Million [+]
Foreign Direct Investment 1200.20 343.08 6288.10 -3307.52 EUR Million [+]
Remittances 357.30 316.45 515.40 153.66 EUR Million [+]
Tourism Revenues 1425.05 1051.72 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 3186713.00 2273677.00 5972372.00 88000.00 [+]
Weapons Sales 3.00 56.00 172.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8.56 -324.71 1105.17 -2590.60 1996 - 2019 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -3849.00 Mar/19
Australia -2900.00 Mar/19
Brazil 662.00 May/19
Canada -17347.00 Mar/19
China 586.00 Mar/19
Euro Area 19.20 Apr/19
France -846.00 Apr/19
Germany 22600.00 Apr/19
India -16899.55 Dec/18
Indonesia -6966.00 Mar/19
Italy 3913.80 Apr/19
Japan 1707.39 Apr/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 20296.50 Mar/19
South Africa -142495.00 Mar/19
South Korea -660.00 Apr/19
Spain 26.00 Mar/19
Switzerland 17215.95 Mar/19
Turkey -1334.00 Apr/19
United Kingdom -23707.00 Dec/18
United States -130400.00 Mar/19


Related

Latest