Portugal - Current Account Balance





Portugal: Current Account Balance

Mnemonic TAB.IPRT
Unit Mil. EUR, NSA
Adjustments Not Seasonally Adjusted
Monthly 755.07 %
Data Jul 2019 649.31
Jun 2019 -99.12

Series Information

Source Bank of Portugal
Release Balance of Payments - initial release
Frequency Monthly
Start Date 1/31/1996
End Date 7/31/2019

Portugal: Trade

Reference Last Previous Units Frequency
Balance of Goods Aug 2019 -1,638 -1,859 Ths. EUR, NSA Monthly
Exports of Goods Aug 2019 3,872 5,376 Ths. EUR, NSA Monthly
Imports of Goods Aug 2019 5,510 7,235 Ths. EUR, NSA Monthly
Current Account Balance Jul 2019 649.31 -99.12 Mil. EUR, NSA Monthly
Exports of Goods and Services 2019 Q2 22,936 22,498 Mil. EUR, CDASA Quarterly
Imports of Goods and Services 2019 Q2 22,972 22,881 Mil. EUR, CDASA Quarterly
Net Exports 2019 Q2 -35.49 -382.64 Mil. EUR, CDASA Quarterly
Real Exports of Goods and Services 2019 Q2 22,440 22,275 Mil. Ch. 2011 EUR, CDASA Quarterly
Real Imports of Goods and Services 2019 Q2 24,054 24,568 Mil. Ch. 2011 EUR, CDASA Quarterly
Real Net Exports 2019 Q2 -1,613 -2,292 Mil. Ch. 2011 EUR, CDASA Quarterly

Release Information

The balance of payments compilation is consistent with international standards and guidelines, namely with the fifth edition of the Balance of Payments Manual (BPM5), published by the IMF and the third edition of the OECD’s Benchmark Definition of Foreign Direct Investment.

According to the Balance of Payments and International Investment Position methodologies the following institutional sectors coverage should be considered: Monetary authorities - up to December 1998, includes the Banco de Portugal and the Treasury. From January 1999 onwards, includes only the Banco de Portugal. In accordance with the institutional arrangements in the Treaty establishing the European Community, namely its articles 105(2) and 116(3), only the Eurosystem, composed of the ECB and the national central banks participating in the single currency, has the exclusive right to hold and manage the official foreign reserves of the Member States from the beginning of Stage Three of EMU. General Government - from January 1999 onwards includes the Treasury. Other monetary financial institutions - does not include the Banco de Portugal; Other financial intermediaries and financial auxiliaries - includes, namely, Dealers, Wealth managing companies and Regional Development companies; Private individuals - includes household institutions ds and non-profits erving households.

A minus (plus) sign means a net increase (net decrease) on the assets and a net decrease (net increase) on the liabilities. The analysis of these items in net terms is particularly relevant when there are very significant transactions affecting both assets and liabilities. In these cases, only net figures will appropriately express the correct result, whereas the separate analysis of each component would be misleading.This situation has occurred mainly at the level of the direct investment item, where the separate analysis of Portuguese direct investment abroad and of foreign direct investment in Portugal has to be supplemented with the analysis of the total net direct investment item. This feature relates to the fact that there are direct investment transactions in both directions that balance each other, not resulting in a net investment in (or from) the Portuguese economy. This is the case in which a company resident in Portugal acts solely as an intermediary in a direct investment transaction between two foreigncountries. For example, if a nonresident company A invests in a resident company B and the latter invests in another nonresident company C, in practice the final net result will be an investment between nonresident companies (investment from A in C).

Data is subject to revision. 

The balance of payments compilation is consistent with international standards and guidelines, namely with the fifth edition of the Balance of Payments Manual (BPM5), published by the IMF and the third edition of the OECD’s Benchmark Definition of Foreign Direct Investment.