Current Account in Portugal

Portugal Current Account | Economic News & Forecasts

Portugal - Current Account

The economy seemed to remain downbeat in the final quarter, following the third quarter’s marked deceleration in growth which was depressed by falling exports. The external sector continued to perform poorly amid a wider slowdown in the Eurozone, with exports contracting, on average, in the first two months of Q4. Consequently, the current account swung to deficit in the January–November period from a surplus in the same period of last year. Moreover, industrial output continued to decline in October and November. Adding to the stream of grim data, consumer confidence remained in pessimistic territory and business sentiment continued to weaken in the final quarter. Ahead of elections to be held later in the year, the government approved a 11-year National Investment Program on 11 January, which will pour EUR 20 billion into transport, energy and environmental projects.

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

ValueChangeDate
Bond Yield1.52-1.90 %Feb 21
Exchange Rate1.130.65 %Feb 21
Stock Market5,161-0.02 %Feb 21

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