Portugal’s current account recorded a deficit of €68.8 million in November 2025, compared to a surplus of €201.3 million in the same month last year. The trade deficit deteriorated by €101 million, reflecting weaker exports alongside higher imports, with transport-related goods accounting for a €85.4 million rise in imports. Meanwhile, the surplus in secondary income narrowed by €118 million, driven by increased contributions from Portugal to the European Union, which rose by €144.8 million. The primary income deficit also widened by €51 million, largely due to higher property income attributable to non-residents. source: Banco de Portugal

Portugal recorded a Current Account deficit of 68.80 EUR Million in November of 2025. Current Account in Portugal averaged -540.08 EUR Million from 1996 until 2025, reaching an all time high of 1621.00 EUR Million in August of 2025 and a record low of -2367.05 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. Portugal Current Account - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-19 11:30 AM
Current Account
Oct €1139M €566M €190.0M
2026-01-19 10:45 AM
Current Account
Nov €-68.8M €1139M €950.0M
2026-02-19 11:30 AM
Current Account
Dec €-68.8M €-920.0M


Related Last Previous Unit Reference
Balance of Trade -1991.22 -2858.70 EUR Million Nov 2025
Capital Flows 594.51 1059.79 EUR Million Nov 2025
Current Account -68.80 1139.00 EUR Million Nov 2025
Current Account to GDP 2.20 0.60 percent of GDP Dec 2024
Exports 6668.25 6828.02 EUR Million Nov 2025
External Debt 454932.07 448901.40 EUR Million Sep 2025
Foreign Direct Investment 1660.31 1803.59 EUR Million Nov 2025
Remittances 362.66 360.70 EUR Million Nov 2025
Tourism Revenues 1514.48 2483.24 EUR Million Nov 2025


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).
Actual Previous Highest Lowest Dates Unit Frequency
-68.80 1139.00 1621.00 -2367.05 1996 - 2025 EUR Million Monthly
Current Prices, NSA

News Stream
Portugal Current Account Shifts to Deficit in November
Portugal’s current account recorded a deficit of €68.8 million in November 2025, compared to a surplus of €201.3 million in the same month last year. The trade deficit deteriorated by €101 million, reflecting weaker exports alongside higher imports, with transport-related goods accounting for a €85.4 million rise in imports. Meanwhile, the surplus in secondary income narrowed by €118 million, driven by increased contributions from Portugal to the European Union, which rose by €144.8 million. The primary income deficit also widened by €51 million, largely due to higher property income attributable to non-residents.
2026-01-19
Portugal Current Account Swings to Surplus
Portugal recorded a current account surplus of EUR 190.6 million in April 2025, compared to a deficit of EUR 93.6 million in the same period of the previous year. The services surplus rose by EUR 416 million, largely due to higher revenues from travel services (EUR 130 million) and transport services (EUR 83 million). Meanwhile, the primary income deficit narrowed by EUR 107 million, mainly reflecting an increase in EU subsidies (EUR 72 million). On the other hand, the goods deficit widened to EUR 288 million, as exports fell by EUR 460 million, outweighing the EUR 173 million decline in imports.
2025-06-18
Portugal Current Account Gap Narrows in December
Portugal's current account deficit narrowed to €863 million in December 2024, down from €1,316 million in the same month of the previous year. The primary income gap declined to €296 million from €702 million a year earlier, while the services surplus increased to €2,428 million from €1,878 million, driven by a rise in tourism revenues to €1,571 million from €1,450 million. Meanwhile, the goods deficit widened to €2,781 million from €2,558 million, and the secondary income account recorded a €213 million deficit, compared with a €66 million surplus in December 2023. For the full year 2024, the current account surplus rose to €6.14 billion, equivalent to 2.2% of GDP, up from €1.48 billion in 2023, or 0.6% of GDP.
2025-02-19