Portugal Current Account Balance: % of GDP
Key information about Portugal Current Account Balance: % of GDP
- Portugal Current Account surplus accounted for 0.5 % of the country's Nominal GDP in Dec 2025, compared with a 3.9 % surplus in the previous quarter.
- Portugal Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1996 to Dec 2025, with an average value of -10.4 %.
- The data reached an all-time high of 5.8 % in Sep 2017 and a record low of -13.3 % in Jun 2008.
CEIC calculates Current Account Balance as % of Nominal GDP from monthly Current Account Balance and quarterly Nominal GDP. Banco de Portugal provides Current Account Balance in EUR. Eurostat provides Nominal GDP in EUR.
Key information about Portugal Current Account Balance: % of GDP
- In the latest reports of Portugal, Current Account recorded a surplus of 205.2 USD mn in Jan 2026.
- Foreign Direct Investment (FDI) increased by 1.6 USD bn in Sep 2025.
- Portugal Direct Investment Abroad expanded by 432.3 USD mn in Jan 2026.
- Its Foreign Portfolio Investment fell by 5.6 USD bn in Dec 2025.
- The country's Nominal GDP was reported at 90.8 USD bn in Sep 2025.
View Portugal's Current Account Balance: % of GDP from Mar 1996 to Dec 2025 in the chart:
What was Portugal's Current Account Balance: % of GDP in Dec 2025?
Portugal Current Account surplus accounted for 0.5 % of the country's Nominal GDP in Dec 2025, compared with a 3.9 % surplus in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 0.5 Dec 2025 | 3.9 Sep 2025 | -13.3 Jun 2008 | 5.8 Sep 2017 | % | quarterly | Mar 1996 - Dec 2025 |
Current Account Balance: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -3.6 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| Algeria (%) | -3.7 Dec 2024 | quarterly | Mar 2007 - Dec 2024 |
| Argentina (%) | 1.4 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| Armenia (%) | -6.7 Dec 2025 | quarterly | Dec 1994 - Dec 2025 |
| Australia (%) | -2.9 Dec 2025 | quarterly | Sep 1959 - Dec 2025 |
| Austria (%) | 2.0 Dec 2025 | quarterly | Mar 1970 - Dec 2025 |
| Azerbaijan (%) | 2.4 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| Bahrain (%) | 3.9 Jun 2025 | quarterly | Mar 2018 - Jun 2025 |
| Bangladesh (%) | 0.0 2025 | yearly | 1998 - 2025 |
| Belarus (%) | -1.8 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Belgium (%) | -2.3 Dec 2025 | quarterly | Mar 1995 - Dec 2025 |
| Bolivia (%) | -3.3 Dec 2024 | quarterly | Mar 1990 - Dec 2024 |
| Bosnia and Herzegovina (%) | -3.1 Dec 2025 | quarterly | Mar 2008 - Dec 2025 |
| Botswana (%) | 3.3 Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| Brazil (%) | -2.3 Dec 2025 | quarterly | Mar 1995 - Dec 2025 |
| Brunei (%) | 14.8 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| Bulgaria (%) | -11.4 Dec 2025 | quarterly | Sep 1999 - Dec 2025 |
| Cambodia (%) | 0.7 Sep 2025 | quarterly | Mar 2010 - Sep 2025 |
| Canada (%) | -0.1 Dec 2025 | quarterly | Mar 1957 - Dec 2025 |
| Chile (%) | 1.3 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| China (%) | 4.5 Dec 2025 | quarterly | Mar 1998 - Dec 2025 |
| Colombia (%) | -3.1 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Croatia (%) | -9.5 Dec 2025 | quarterly | Mar 1995 - Dec 2025 |
| Cyprus (%) | -8.8 Dec 2025 | quarterly | Mar 2008 - Dec 2025 |
| Czech Republic (%) | 0.6 Dec 2025 | quarterly | Mar 1995 - Dec 2025 |
| Denmark (%) | 14.0 Dec 2025 | quarterly | Mar 1990 - Dec 2025 |
| Ecuador (%) | 5.7 Dec 2025 | quarterly | Mar 1993 - Dec 2025 |
| Egypt (%) | -2.5 Jun 2025 | quarterly | Sep 2001 - Jun 2025 |
| Estonia (%) | 0.5 Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| European Union (%) | 2.1 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Finland (%) | 2.3 Dec 2025 | quarterly | Mar 1990 - Dec 2025 |
| France (%) | 2.8 Dec 2025 | quarterly | Mar 1997 - Dec 2025 |
| Georgia (%) | -4.6 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Germany (%) | 3.7 Dec 2025 | quarterly | Mar 1991 - Dec 2025 |
| Ghana (%) | 13.9 Dec 2025 | quarterly | Mar 2006 - Dec 2025 |
| Greece (%) | -11.0 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Hong Kong SAR, China (%) | 10.6 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Hungary (%) | 0.5 Dec 2025 | quarterly | Mar 1995 - Dec 2025 |
| Iceland (%) | -3.0 Dec 2025 | quarterly | Mar 1995 - Dec 2025 |
| India (%) | -1.3 Dec 2025 | quarterly | Jun 2004 - Dec 2025 |
| Indonesia (%) | 1.1 Sep 2025 | quarterly | Mar 1993 - Sep 2025 |
| Iran (%) | 2.2 2025 | yearly | 1997 - 2025 |
| Ireland (%) | 8.4 Dec 2025 | quarterly | Mar 1995 - Dec 2025 |
| Israel (%) | 2.8 Dec 2025 | quarterly | Mar 1995 - Dec 2025 |
| Italy (%) | 0.8 Dec 2025 | quarterly | Mar 1980 - Dec 2025 |
| Ivory Coast (%) | -4.1 2024 | yearly | 1975 - 2024 |
| Japan (USD mn) | 29,402.7 Sep 2025 | monthly | Jan 1996 - Sep 2025 |
| Jordan (%) | -2.6 Dec 2025 | quarterly | Mar 1992 - Dec 2025 |
| Kazakhstan (%) | -4.7 Sep 2025 | quarterly | Dec 1997 - Sep 2025 |
| Kenya (%) | -2.2 Sep 2025 | quarterly | Mar 2009 - Sep 2025 |
| South Korea (USD mn) | 28,117.3 Feb 2026 | monthly | Jan 1980 - Feb 2026 |
| Kosovo (%) | -13.6 Dec 2025 | quarterly | Mar 2010 - Dec 2025 |
| Kuwait (%) | 22.3 Sep 2025 | quarterly | Mar 2012 - Sep 2025 |
| Kyrgyzstan (%) | -18.3 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Laos (%) | 3.2 2024 | yearly | 1984 - 2024 |
| Latvia (%) | -3.1 Sep 2025 | quarterly | Mar 1995 - Sep 2025 |
| Lebanon (%) | -14.5 2024 | yearly | 2002 - 2024 |
| Lithuania (%) | 2.6 Dec 2025 | quarterly | Mar 1993 - Dec 2025 |
| Luxembourg (%) | -0.2 Dec 2025 | quarterly | Mar 1995 - Dec 2025 |
| Macau SAR, China (%) | 33.7 2024 | yearly | 2002 - 2024 |
| North Macedonia (%) | -5.6 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Malawi (%) | -17.0 2023 | yearly | 1977 - 2023 |
| Malaysia (%) | 0.4 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Malta (%) | 8.9 Dec 2025 | quarterly | Mar 1995 - Dec 2025 |
| Mauritius (%) | -10.0 Dec 2025 | quarterly | Mar 2007 - Dec 2025 |
| Mexico (%) | 1.6 Dec 2025 | quarterly | Mar 1993 - Dec 2025 |
| Moldova (%) | -14.0 Sep 2025 | quarterly | Mar 1995 - Sep 2025 |
| Mongolia (%) | 9.4 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Montenegro (%) | -35.8 Dec 2025 | quarterly | Mar 2010 - Dec 2025 |
| Morocco (%) | -3.0 Dec 2025 | quarterly | Mar 2014 - Dec 2025 |
| Mozambique (%) | -11.2 2024 | yearly | 1980 - 2024 |
| Nepal (%) | 6.7 2025 | yearly | 2001 - 2025 |
| Netherlands (%) | 11.3 Dec 2025 | quarterly | Mar 1987 - Dec 2025 |
| New Zealand (%) | -4.1 Dec 2025 | quarterly | Jun 1987 - Dec 2025 |
| Nigeria (%) | 4.4 Sep 2025 | quarterly | Mar 2014 - Sep 2025 |
| Norway (%) | 10.9 Dec 2025 | quarterly | Mar 1981 - Dec 2025 |
| Oman (%) | 2.9 2024 | yearly | 1980 - 2024 |
| Pakistan (%) | 0.5 2025 | yearly | 1977 - 2025 |
| Palestinian Territory (%) | -22.0 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Panama (%) | 0.4 Dec 2025 | quarterly | Mar 2007 - Dec 2025 |
| Paraguay (%) | -4.7 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Peru (%) | 5.4 Dec 2025 | quarterly | Mar 1990 - Dec 2025 |
| Philippines (%) | -4.0 Jun 2025 | quarterly | Mar 1981 - Jun 2025 |
| Poland (%) | -0.0 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Portugal (%) | 0.5 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Qatar (%) | 9.3 Dec 2025 | quarterly | Mar 2011 - Dec 2025 |
| Romania (%) | -7.3 Dec 2025 | quarterly | Mar 1995 - Dec 2025 |
| Russia (%) | 1.2 Dec 2025 | quarterly | Mar 1994 - Dec 2025 |
| Saudi Arabia (%) | -2.6 Dec 2025 | quarterly | Mar 2006 - Dec 2025 |
| Serbia (%) | -6.2 Dec 2025 | quarterly | Mar 2007 - Dec 2025 |
| Singapore (%) | 19.2 Dec 2025 | quarterly | Mar 1986 - Dec 2025 |
| Slovakia (%) | -3.4 Dec 2025 | quarterly | Mar 1997 - Dec 2025 |
| Slovenia (%) | 1.3 Dec 2025 | quarterly | Mar 1995 - Dec 2025 |
| South Africa (%) | 0.6 Dec 2025 | quarterly | Mar 1960 - Dec 2025 |
| Spain (%) | 2.3 Dec 2025 | quarterly | Mar 1980 - Dec 2025 |
| Sri Lanka (%) | -0.5 Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
| Sweden (%) | 4.5 Dec 2025 | quarterly | Mar 1980 - Dec 2025 |
| Switzerland (%) | 3.2 Dec 2025 | quarterly | Mar 1983 - Dec 2025 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | 0.7 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Consolidated Fiscal Balance (USD mn) | 3,449.979 Sep 2025 | quarterly | Mar 1995 - Sep 2025 |
| Tax Revenue (USD mn) | 22,491.041 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Tax Revenue: % of GDP (%) | 24.0 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| National Government Debt (USD mn) | 345,501.8 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Government Debt: % of GDP (%) | 89.7 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Forecast: Government Expenditure (EUR bn) | 171.893 2031 | yearly | 1986 - 2031 |
| Forecast: Government Net Debt (EUR bn) | 292.594 2031 | yearly | 1990 - 2031 |
| Forecast: Government Revenue (EUR bn) | 165.667 2031 | yearly | 1986 - 2031 |
| General Govt Gross Debt: as % of GDP (%) | 89.700 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Government Budget: ytd: Expenditure: Capital (EUR mn) | 372.750 Feb 2026 | monthly | Jan 2005 - Feb 2026 |
| Government Budget: ytd: Revenue: Current: Tax: Indirect: Value Added Tax (EUR mn) | 4,650.135 Feb 2026 | monthly | Dec 1992 - Feb 2026 |
| Government Budget: ytd: Revenue (EUR mn) | 10,874.107 Feb 2026 | monthly | Dec 2004 - Feb 2026 |
| Government Budget: ytd: Balance (EUR mn) | -1,203.216 Feb 2026 | monthly | Dec 1992 - Feb 2026 |
| Government Budget: ytd: Expenditure (EUR mn) | 12,077.324 Feb 2026 | monthly | May 2009 - Feb 2026 |
| Government Budget: ytd: Expenditure: Current (EUR mn) | 11,704.574 Feb 2026 | monthly | Jan 2005 - Feb 2026 |
| Government Budget: ytd: Revenue: Current: Tax: Direct (EUR mn) | 3,413.700 Feb 2026 | monthly | Dec 1992 - Feb 2026 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.366 2031 | yearly | 1980 - 2031 |
| Trade Balance (USD mn) | -3,009.9 Feb 2026 | monthly | Jan 1957 - Feb 2026 |
| Total Exports (USD mn) | 7,300.7 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Total Exports Growth (%) | -14.9 Feb 2026 | monthly | Jan 1994 - Feb 2026 |
| Aluminum: Exports (USD th) | 311,567.683 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 3,528,600.993 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 156,342.270 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 11,532.8 Sep 2025 | monthly | Jan 1993 - Sep 2025 |
| Total Imports Growth (%) | -6.3 Feb 2026 | monthly | Jan 1994 - Feb 2026 |
| Imports: Medicament (USD th) | 2,985,797.474 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 1,408,935.558 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 325.281 Feb 2026 | monthly | Jan 1960 - Feb 2026 |
| Total Imports from USA (USD mn) | 196.763 Feb 2026 | monthly | Dec 1974 - Feb 2026 |
| Total Exports to China (USD mn) | 87.518 Feb 2026 | monthly | Sep 1994 - Feb 2026 |
| Total Imports from China (USD mn) | 557.616 Feb 2026 | monthly | Feb 1974 - Feb 2026 |
| Exports (EUR) | 6,174,444,560.000 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Exports: Plastics and Articles (EUR mn) | 300.535 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Exports: Electrical Machinery and Equipment (EUR mn) | 592.291 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Exports: Footwear and Gaiters (EUR mn) | 156.291 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Exports: Vehicles Other Than Railway and Tramway (EUR mn) | 763.478 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Exports: Mineral Fuels, Mineral Oils and Products of Their Distillation (EUR mn) | 235.729 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Exports: EU: Spain (EUR mn) | 1,633.592 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Exports: EU: Germany (EUR mn) | 748.863 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Exports: EU: France (EUR mn) | 783.084 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Imports (EUR) | 8,720,036,829.000 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Imports: Nuclear Reactors, Boilers (EUR mn) | 809.151 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Imports: Mineral Fuels, Mineral Oils and Products of Their Distillation (EUR mn) | 666.028 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Imports: Electrical Machinery and Equipment (EUR mn) | 932.110 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Imports: Vehicles Other Than Railway and Tramway (EUR mn) | 1,201.010 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Imports: Plastics and Articles (EUR mn) | 370.636 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Imports: EU: Spain (EUR mn) | 2,859.887 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Imports: EU: Germany (EUR mn) | 1,141.353 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Imports: EU: France (EUR mn) | 661.954 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Imports: Non EU: United States (EUR mn) | 166.410 Feb 2026 | monthly | Jan 2004 - Feb 2026 |
| Export Value Index (2015=100) | 152.300 2023 | yearly | 1995 - 2023 |
| Import Value Index (2015=100) | 169.500 2023 | yearly | 1995 - 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.1 Feb 2026 | monthly | Dec 1997 - Feb 2026 |
| Household Debt: % of GDP (%) | 56.3 Dec 2025 | quarterly | Dec 2007 - Dec 2025 |
| Non-Performing Loans (USD mn) | 2,980.799 Feb 2026 | monthly | Dec 1997 - Feb 2026 |
| Money Supply M1 (USD mn) | 180,647.774 Feb 2026 | monthly | Dec 1979 - Feb 2026 |
| Money Supply M2 (USD mn) | 363,332.230 Feb 2026 | monthly | Dec 1979 - Feb 2026 |
| M2 Growth (%) | 5.6 Feb 2026 | monthly | Dec 1980 - Feb 2026 |
| Reserve Requirement Ratio (%) | 1.0 Mar 2026 | monthly | Jan 1999 - Mar 2026 |
| Foreign Exchange Reserves (USD mn) | 11,204.8 Mar 2026 | monthly | Dec 1999 - Mar 2026 |
| Foreign Exchange Reserves: % of GDP (%) | 2.918 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.1 Feb 2026 | monthly | Dec 1999 - Feb 2026 |
| Gold Reserves (USD mn) | 56,591.769 Mar 2026 | monthly | Dec 1956 - Mar 2026 |
| Total Deposits (USD mn) | 359,056.011 Feb 2026 | monthly | Dec 1979 - Feb 2026 |
| Total Deposits Growth (%) | 5.9 Feb 2026 | monthly | Dec 1980 - Feb 2026 |
| Domestic Credit (USD mn) | 406,132.0 Feb 2026 | monthly | Dec 1979 - Feb 2026 |
| Domestic Credit Growth (%) | 0.3 Aug 2019 | monthly | Dec 2001 - Aug 2019 |
| Debt Service Ratio: Households (%) | 5.800 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 12.300 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Credit to Households (USD bn) | 189.539 Sep 2025 | quarterly | Dec 1979 - Sep 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 458.668 Sep 2025 | quarterly | Mar 1957 - Sep 2025 |
| Household Debt (USD mn) | 198,211.4 Sep 2025 | quarterly | Dec 2007 - Sep 2025 |
| Total Loans (USD mn) | 274,176.416 Feb 2026 | monthly | Dec 1979 - Feb 2026 |
| Total Loans Growth (%) | 7.16 Feb 2026 | monthly | Dec 1980 - Feb 2026 |
| Private Debt: % of Nominal GDP (%) | 71.30 Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Money Supply: M3: National Contribution: EC: M2: M1 (EUR mn) | 152,806.440 Feb 2026 | monthly | Sep 1997 - Feb 2026 |
| Money Supply: M3: National Contribution: EC: M2 (EUR mn) | 307,335.670 Feb 2026 | monthly | Sep 1997 - Feb 2026 |
| Official Reserve Assets (EUR mn) | 62,735.340 Mar 2026 | monthly | Dec 1999 - Mar 2026 |
| Official Reserve Assets: Foreign Currency Reserves (FC) (EUR mn) | 9,332.460 Mar 2026 | monthly | Dec 1999 - Mar 2026 |
| Outstanding Housing Credit (EUR) | 76,494.000 Feb 2026 | monthly | Nov 2003 - Feb 2026 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 3.5 Mar 2026 | monthly | Jan 1988 - Mar 2026 |
| Coincident Indicator: Economic Activity (%) | 2.200 Jan 2026 | monthly | Jan 1978 - Jan 2026 |
| Economic Sentiment Index: sa (1990-2006=100) | 103.700 Mar 2026 | monthly | Jan 1987 - Mar 2026 |
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