Current Account Balance: Portugal
Portugal's current account balance is currently 1.9 % of GDP as of 2026. # Portugal Current Account Balance Portugal's current account balance reached 1.
Current (2026)
1.9 % of GDP
+5.6% y/y
Peak (1986)
3.1 % of GDP
Low (1981)
-14.4 % of GDP
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Current Account Balance — Portugal
1980 — 2026
Current Account Balance — Portugal
Analysis# Portugal Current Account Balance
Portugal's current account balance reached 1.9% of GDP in 2026, reflecting a strengthened external position after years of volatility. The metric peaked at 3.1% in 1986 and plummeted to -14.4% in 1981, representing a 157.6% total improvement since 1980. The country has recovered from its worst deficits during the early 1980s debt crisis to maintain modest surpluses in recent years.
The past decade reveals significant swings: Portugal shifted from a 1.5% surplus in 2017 to deficits in 2020-2022, reaching -2% in 2022. A sharp recovery began in 2023, with the balance climbing to 2.1% by 2024. The 2025-2026 projections stabilize around 1.8-1.9%, suggesting Portugal has established a sustainable equilibrium after the pandemic-related disruptions and energy shocks that triggered the 2022 downturn.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 1.1 % of GDP | -21.43% |
| 2029 | 1.4 % of GDP | +7.69% |
| 2028 | 1.3 % of GDP | -18.75% |
| 2027 | 1.6 % of GDP | -15.79% |
| 2026 | 1.9 % of GDP | +5.56% |
| 2025 | 1.8 % of GDP | -14.29% |
| 2024 | 2.1 % of GDP | +250.00% |
| 2023 | 0.6 % of GDP | +130.00% |
| 2022 | -2 % of GDP | -185.71% |
| 2021 | -0.7 % of GDP | +0.00% |
| 2020 | -0.7 % of GDP | -187.50% |
| 2019 | 0.8 % of GDP | +0.00% |
| 2018 | 0.8 % of GDP | -46.67% |
| 2017 | 1.5 % of GDP | +7.14% |
| 2016 | 1.4 % of GDP | +180.00% |
| 2015 | 0.5 % of GDP | +66.67% |
| 2014 | 0.3 % of GDP | -80.00% |
| 2013 | 1.5 % of GDP | +200.00% |
| 2012 | -1.5 % of GDP | +75.41% |
| 2011 | -6.1 % of GDP | +40.78% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -10.3 % of GDP | +0.96% |
| 2009 | -10.4 % of GDP | +11.86% |
| 2008 | -11.8 % of GDP | -22.92% |
| 2007 | -9.6 % of GDP | +6.80% |
| 2006 | -10.3 % of GDP | -7.29% |
| 2005 | -9.6 % of GDP | -20.00% |
| 2004 | -8 % of GDP | -21.21% |
| 2003 | -6.6 % of GDP | +21.43% |
| 2002 | -8.4 % of GDP | +19.23% |
| 2001 | -10.4 % of GDP | +3.70% |
| 2000 | -10.8 % of GDP | -21.35% |
| 1999 | -8.9 % of GDP | -18.67% |
| 1998 | -7.5 % of GDP | -22.95% |
| 1997 | -6.1 % of GDP | -35.56% |
| 1996 | -4.5 % of GDP | -4400.00% |
| 1995 | -0.1 % of GDP | +95.45% |
| 1994 | -2.2 % of GDP | -1200.00% |
| 1993 | 0.2 % of GDP | +200.00% |
| 1992 | -0.2 % of GDP | +75.00% |
| 1991 | -0.8 % of GDP | -300.00% |
| 1990 | -0.2 % of GDP | -166.67% |
| 1989 | 0.3 % of GDP | +115.79% |
| 1988 | -1.9 % of GDP | -311.11% |
| 1987 | 0.9 % of GDP | -70.97% |
| 1986 | 3.1 % of GDP | +121.43% |
| 1985 | 1.4 % of GDP | +158.33% |
| 1984 | -2.4 % of GDP | +58.62% |
| 1983 | -5.8 % of GDP | +45.28% |
| 1982 | -10.6 % of GDP | +26.39% |
| 1981 | -14.4 % of GDP | -336.36% |
| 1980 | -3.3 % of GDP | — |
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