Current Account in Portugal

Portugal Current Account | Economic News & Forecasts

Portugal - Current Account

Soaring fixed investment growth fueled the first-quarter’s slight upturn, countering weaker expansions in public and private consumption and a deterioration in net exports. This momentum seems to have been sustained going into Q2. Tourism activity accelerated in April and the contraction of industry eased on a rebound in manufacturing. Moreover, retail sales growth was up in April amid less downbeat consumer confidence and reduced inflationary pressures; the gains could be short-lived, however, as sentiment among households soured in May. In other news, Fitch Ratings upgraded the outlook on the country’s credit rating from stable to positive on 24 May, on expectations of a continued improvement in debt dynamics. Later in the month, Portugal carried out its first ever sovereign debt sale in China’s bond market as it seeks to diversify sources of financing.

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 Yield0.57-1.90 %Jul 11
Exchange Rate1.130.65 %Jul 11
Stock Market5,186-0.02 %Jul 11

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