Current Account in Portugal

Portugal Current Account | Economic News & Forecasts

Portugal - Current Account

Detailed national accounts confirmed that the economy grew at the slowest pace in over three years in the third quarter. This came amid contracting exports, while government spending remained subdued. More positively, private consumption ticked up supported by mild price pressures and a tight labor market. Meanwhile, data for the fourth quarter suggests the economy continued to grow at a moderate pace. In October, tourist arrivals continued to increase, while merchandise exports grew strongly. Business and consumer sentiment, however, were still subdued relative to the values observed last year. In other news, in mid-December the government released details of its prospective 2020 budget, which projects a fiscal surplus and aims to trim public debt by continued government expenditure restraint. While the Consensus sees public debt falling further ahead, panelists still expect a small fiscal deficit for next year.

Portugal - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.6  0.1  0.1  0.6  0.5  

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Portugal Current Account Chart

Portugal Current Account
Note: Current account balance as % of GDP.
Source: Bank of Portugal (BP).

Portugal Facts

Bond Yield0.45-1.90 %Jan 01
Exchange Rate1.120.65 %Dec 31

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