Current Account in Portugal

Portugal Current Account | Economic News & Forecasts

Portugal - Current Account

A detailed breakdown of GDP confirmed that the economy shifted to a lower gear in the first quarter of the year due to a fall in exports. Available data for the outset of the second quarter offered a mixed picture: Industrial production accelerated markedly in April, while retail sales lost considerable speed. Prospects appeared brighter in May, with consumer confidence and business sentiment climbing to higher ground. Moody’s recently highlighted that, while the country’s fragile banking system has strengthened on the substantial decline of non-performing loans (NPLs), banks’ holdings of NPLs are still very high compared to that of Eurozone peers. The continuation of the economic recovery and increased regulatory pressure on banks should help to further cut NPL ratios.

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 Yield1.74-1.90 %Jul 13
Exchange Rate1.170.65 %Jul 13
Stock Market5,619-0.02 %Jul 13

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