Current account balance as a proportion of GDP in Portugal
Portugal: Current account balance as a proportion of GDP was 2.1% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Portugal, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Portugal recorded 2.1% for current account balance as a proportion of gdp in 2024. That is the highest value across all 25 years on record.
The figure is up 275.4% on the previous year and up 558.9% over ten years.
Over the whole period, current account balance as a proportion of gdp in Portugal peaked at 2.1% in 2024 and was at its lowest, -11.9%, in 2008.
Portugal ranks 65th of 204 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Portugal, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -10.8% | — |
| 2001 | -10.4% | -3.6% |
| 2002 | -8.3% | -20.3% |
| 2003 | -6.7% | -19.8% |
| 2004 | -8.0% | +19.7% |
| 2005 | -9.6% | +20.3% |
| 2006 | -10.2% | +6.6% |
| 2007 | -9.7% | -5.6% |
| 2008 | -11.9% | +22.8% |
| 2009 | -10.3% | -13.0% |
| 2010 | -10.3% | -0.6% |
| 2011 | -6.1% | -40.4% |
| 2012 | -1.5% | -75.0% |
| 2013 | 1.5% | -200.8% |
| 2014 | 0.3% | -79.5% |
| 2015 | 0.5% | +61.2% |
| 2016 | 1.4% | +180.5% |
| 2017 | 1.6% | +9.7% |
| 2018 | 0.7% | -53.5% |
| 2019 | 0.8% | +5.2% |
| 2020 | -0.6% | -182.2% |
| 2021 | -0.7% | +6.7% |
| 2022 | -2.1% | +210.1% |
| 2023 | 0.6% | -126.6% |
| 2024 | 2.1% | +275.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -9.6% | -11.9% | -6.7% | 10 |
| 2010s | -1.1% | -10.3% | 1.6% | 10 |
| 2020s | -0.2% | -2.1% | 2.1% | 5 |
Countries ranked near Portugal
More economy & growth data for Portugal
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.18 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.9 Percent per annum (2029)
- Total reserves minus gold (current US$), annual growth rate 46.17 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.0436 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 1,398 current US$ per person (2025)
- General government final consumption expenditure (current US$) 11.82 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1705 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 5,470 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 7.11 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 0.1509 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Portugal?
- Current account balance as a proportion of gdp in Portugal was 2.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Portugal?
- The highest recorded value was 2.1% in 2024.
- What is the lowest current account balance as a proportion of gdp recorded in Portugal?
- The lowest recorded value was -11.9% in 2008.
- How does Portugal rank for current account balance as a proportion of gdp?
- Portugal ranks 65th out of 204 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Portugal?
- Over the last ten years it is up 558.9%. The long-run trend across the full record is volatile.
- Where does this Portugal data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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