Current account balance in Portugal
Portugal: Current account balance was 6.51 billion BoP, current US$ 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 BoP, current US$.
Analysis
The most recent figure for current account balance in Portugal is 6.51 billion BoP, current US$, measured in 2024. That is the highest value across all 50 years on record.
Compared with earlier readings it is up 302.3% on the previous year and up 797.2% over ten years.
Over the whole period, current account balance in Portugal peaked at 6.51 billion BoP, current US$ in 2024 and was at its lowest, -31.24 billion BoP, current US$, in 2008.
That places Portugal 30th out of 199 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -701.95 million BoP, current US$ | -1.28 billion BoP, current US$ | -54.04 million BoP, current US$ | 5 |
| 1980s | -1.02 billion BoP, current US$ | -4.69 billion BoP, current US$ | 1.17 billion BoP, current US$ | 10 |
| 1990s | -3.44 billion BoP, current US$ | -11.29 billion BoP, current US$ | 232.90 million BoP, current US$ | 10 |
| 2000s | -18.29 billion BoP, current US$ | -31.24 billion BoP, current US$ | -11.02 billion BoP, current US$ | 10 |
| 2010s | -2.76 billion BoP, current US$ | -24.47 billion BoP, current US$ | 3.49 billion BoP, current US$ | 10 |
| 2020s | -79.22 million BoP, current US$ | -5.36 billion BoP, current US$ | 6.51 billion BoP, current US$ | 5 |
Countries ranked near Portugal
- 27 Iraq 8.37 billion BoP, current US$ compare
- 28 Ecuador 7.70 billion BoP, current US$ compare
- 29 Malaysia 7.15 billion BoP, current US$ compare
- 31 Luxembourg 5.29 billion BoP, current US$ compare
- 32 Papua New Guinea 4.77 billion BoP, current US$ compare
- 33 Finland 4.23 billion BoP, current US$ compare
More economy & growth data for Portugal
- Exports of goods and services 0.4% (2025)
- Gross national expenditure 303.95 billion current LCU (2025)
- Gross national expenditure 253.36 billion constant 2015 US$ (2025)
- Industry (including construction), value added 18.3% (2025)
- Gross national expenditure 99.1% (2025)
- Exports of goods and services 151.34 billion current US$ (2025)
- Exports of goods and services 133.93 billion current LCU (2025)
- Exports of goods and services 115.56 billion constant 2015 US$ (2025)
- Gross fixed capital formation 3.6% (2025)
- Gross fixed capital formation 49.82 billion constant 2015 US$ (2025)
Frequently asked questions
- What is current account balance in Portugal?
- Current account balance in Portugal was 6.51 billion BoP, current US$ 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 6.51 billion BoP, current US$ in 2024.
- What is the lowest current account balance recorded in Portugal?
- The lowest recorded value was -31.24 billion BoP, current US$ in 2008.
- How does Portugal rank for current account balance?
- Portugal ranks 30th out of 199 countries with data for 2024.
- Is current account balance rising or falling in Portugal?
- Over the last ten years it is up 797.2%. 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 (BoP, current US$). Statizoid updates them automatically from the source API.
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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 in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.