Portugal's current account surplus narrowed to EUR 0.65 billion in July 2019 from EUR 0.79 billion in the same month last year, as the services surplus declined to EUR 1.91 billion from EUR 2.04 billion despite a slight increase in tourism revenues (EUR 2.02 billion from EUR 2.01 billion), while the goods deficit rose to EUR 1.31 billion from EUR 1.01 billion. In addition, the secondary income surplus fell to EUR 0.19 billion from EUR 0.23 billion a year ago as workers' remittances were little changed at EUR 0.37 billion, while the primary income gap dropped to EUR 0.13 billion from EUR 0.48 billion. Current Account in Portugal averaged -756.27 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 551.00 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
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-25 10:30 AM Current Account Apr €8.6M €-324.7M €-420M
2019-07-17 10:30 AM Current Account May €-1564M €8.6M €-970M
2019-08-21 10:30 AM Current Account Jun €-99M €-1565M €51M
2019-09-18 10:30 AM Current Account Jul €649M €-99M €570M
2019-10-17 10:30 AM Current Account Aug €649M €440M
2019-11-21 11:30 AM Current Account Sep €551M
2019-12-19 11:30 AM Current Account Oct €234M


Portugal Trade Last Previous Highest Lowest Unit
Balance of Trade -1638.26 -1858.51 3.55 -2524.87 EUR Million [+]
Current Account 649.31 -99.12 1105.17 -2590.60 EUR Million [+]
Current Account to GDP -0.60 0.50 3.10 -14.70 percent [+]
Imports 5510.51 7235.00 7238.91 0.00 EUR Million [+]
Exports 3872.25 5376.49 5595.39 1.69 EUR Million [+]
External Debt 417357.00 414409.79 421132.40 56392.07 EUR Million [+]
Capital Flows 743.92 -80.71 1857.05 -2366.47 EUR Million [+]
Foreign Direct Investment 445.52 488.33 6288.10 -3307.52 EUR Million [+]
Remittances 369.76 309.49 515.40 153.66 EUR Million [+]
Tourism Revenues 2021.05 1558.61 2196.02 199.98 EUR Million [+]
Gold Reserves 382.54 382.50 606.76 382.48 Tonnes [+]
Terrorism Index 0.00 0.00 1.85 0.00 [+]
Tourist Arrivals 5658153.00 5008435.00 5997806.00 88000.00 [+]
Weapons Sales 3.00 56.00 172.00 0.00 USD Million [+]


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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
649.31 -99.12 1105.17 -2590.60 1996 - 2019 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -2560.58 Jun/19
Australia 5853.00 Jun/19
Brazil -4274.30 Aug/19
Canada -6380.00 Jun/19
China 461.67 Jun/19
Euro Area 29.84 Jul/19
France -2487.00 Aug/19
Germany 16900.00 Aug/19
India -14315.70 Jun/19
Indonesia -8442.80 Jun/19
Italy 8420.80 Jul/19
Japan 2157.71 Aug/19
Mexico 5142.70 Jun/19
Netherlands 13615.80 Jun/19
Russia 12900.00 Sep/19
Saudi Arabia 12407.00 Jun/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 5270.00 Aug/19
Spain 3237.00 Jul/19
Switzerland 21272.85 Jun/19
Turkey 2604.00 Aug/19
United Kingdom -25200.00 Jun/19
United States -128188.00 Jun/19


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