Current Account in Portugal

Portugal - Current Account (billions of Euros)
After Q1’s surprisingly positive GDP figures, growth appears to be normalizing in Q2. In April, consumer sentiment remained quite downbeat due to the war in Ukraine, while inflation continued to spike, which is likely to weigh on consumer spending. On the other hand, business confidence ticked up in April, while the tourism sector performed robustly during the same month. The stronger-than-expected recovery, coupled with a degree of public spending restraint, led Fitch Ratings to revise the country’s outlook from stable to positive in early May, while the finance minister vowed to reduce the public debt at a faster pace to help ensure financial stability. The European Commission recently drew attention to upward pressure on public spending stemming from the country’s sizeable public sector wage bill, while the IMF has called for measures to bolster pension sustainability.Portugal - Current Account (EUR bn) Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Current Account Balance (EUR bn) | 0.4 | 2.2 | 2.6 | 0.8 | -0.2 |
Portugal Current Account (EUR bn) Chart

Source: Bank of Portugal (BP).
Portugal Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 0.45 | -1.90 % | Jan 01 |
Exchange Rate | 1.12 | 0.65 % | Dec 31 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Portugal: Consumer sentiment strengthens while business confidence weakens in July
August 12, 2022
Consumer confidence rose to minus 31.1 in July, up from minus 32.5 in June.
-
Portugal: Industrial output growth accelerates in June
August 12, 2022
Industrial output rose 3.7% year-on-year in seasonally-adjusted terms in June, which followed May's 3.0% increase.
-
Portugal: GDP contracts in the second quarter
July 29, 2022
According to a preliminary estimate, GDP shrank 0.2% on a seasonally-adjusted quarter-on-quarter basis in the second quarter, contrasting the 2.5% increase recorded in the first quarter.
-
Portugal: Industrial output rebounds in May
July 21, 2022
Industrial output rose 3.0% year-on-year in seasonally-adjusted terms in May, which contrasted April's 1.3% decrease.
-
Portugal: Consumer and business sentiment weaken in June
July 21, 2022
Consumer confidence fell to minus 32.5 in June, down from minus 30.1 in May.