Current account balance as a share of GDP in Portugal
Portugal: Current account balance as a share of GDP was 2.1% in 2024. ◆ Volatile
Current account balance as a share of GDP in Portugal, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2024, current account balance as a share of gdp in Portugal stood at 2.1%. That is the highest value across all 25 years on record.
That represents a change of up 278.2% on the previous year and up 550.0% over ten years.
Over the whole period, current account balance as a share of gdp in Portugal peaked at 2.1% in 2024 and was at its lowest, -11.9%, in 2008.
That places Portugal 62nd out of 193 countries with data for 2024, putting it 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 share of GDP in Portugal, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -10.8% | — |
| 2001 | -10.4% | -3.6% |
| 2002 | -8.3% | -20.2% |
| 2003 | -6.7% | -19.8% |
| 2004 | -8.0% | +19.6% |
| 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% | -200.7% |
| 2014 | 0.3% | -79.2% |
| 2015 | 0.5% | +59.4% |
| 2016 | 1.4% | +180.4% |
| 2017 | 1.6% | +9.1% |
| 2018 | 0.7% | -53.2% |
| 2019 | 0.8% | +5.5% |
| 2020 | -0.6% | -181.8% |
| 2021 | -0.7% | +6.3% |
| 2022 | -2.1% | +210.4% |
| 2023 | 0.6% | -126.4% |
| 2024 | 2.1% | +278.2% |
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 | -0.1% | -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)
- Imports of goods and services (constant 2015 US$), annual growth rate 4.29 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3546 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 11,375 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -48.74 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -50.9 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 2.76 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0173 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 556.51 current LCU per person (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Portugal?
- Current account balance as a share of gdp in Portugal was 2.1% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Portugal?
- The highest recorded value was 2.1% in 2024.
- What is the lowest current account balance as a share of gdp recorded in Portugal?
- The lowest recorded value was -11.9% in 2008.
- How does Portugal rank for current account balance as a share of gdp?
- Portugal ranks 62nd out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Portugal?
- Over the last ten years it is up 550.0%. The long-run trend across the full record is volatile.
- Where does this Portugal data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).