Current account balance in Portugal
Portugal: Current account balance was 2.1% in 2024. ◆ Volatile
Current account balance in Portugal, 1975–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for current account balance in Portugal is 2.1%, measured in 2024.
The figure is up 274.9% on the previous year and up 558.1% over ten years.
Over the whole period, current account balance in Portugal peaked at 3.0% in 1986 and was at its lowest, -14.7%, in 1981.
Portugal ranks 61st of 200 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 in Portugal, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | -3.9% | — |
| 1976 | -6.3% | +61.6% |
| 1977 | -4.5% | -29.2% |
| 1978 | -2.0% | -55.8% |
| 1979 | -0.2% | -89.7% |
| 1980 | -3.2% | +1493.3% |
| 1981 | -14.7% | +353.0% |
| 1982 | -10.7% | -27.2% |
| 1983 | -6.0% | -43.9% |
| 1984 | -2.5% | -58.8% |
| 1985 | 1.4% | -156.7% |
| 1986 | 3.0% | +114.7% |
| 1987 | 0.9% | -70.0% |
| 1988 | -1.9% | -309.4% |
| 1989 | 0.3% | -113.3% |
| 1990 | -0.2% | -191.3% |
| 1991 | -0.8% | +248.3% |
| 1992 | -0.2% | -78.7% |
| 1993 | 0.2% | -243.2% |
| 1994 | -2.2% | -998.5% |
| 1995 | -0.1% | -94.9% |
| 1996 | -4.0% | +3485.3% |
| 1997 | -5.7% | +41.7% |
| 1998 | -6.8% | +19.3% |
| 1999 | -8.9% | +31.0% |
| 2000 | -10.8% | +22.2% |
| 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% | +274.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -3.4% | -6.3% | -0.2% | 5 |
| 1980s | -3.3% | -14.7% | 3.0% | 10 |
| 1990s | -2.9% | -8.9% | 0.2% | 10 |
| 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)
- Households and NPISHs Final consumption expenditure (current LCU) 6.15 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 0.5398 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 17,318 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 3.55 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.4685 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 15,032 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 11.03 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7805 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance in Portugal?
- Current account balance in Portugal was 2.1% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Portugal?
- The highest recorded value was 3.0% in 1986.
- What is the lowest current account balance recorded in Portugal?
- The lowest recorded value was -14.7% in 1981.
- How does Portugal rank for current account balance?
- Portugal ranks 61st out of 200 countries with data for 2024.
- Is current account balance rising or falling in Portugal?
- Over the last ten years it is up 558.1%. The long-run trend across the full record is volatile.
- Where does this Portugal data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.