Portugal’s current account balance slipped back into deficit in February 2026, moving to -0.271 billion euros, according to data updated on 17 April 2026. The reading marks a sharp reversal from January 2026, when the current account had posted a surplus of 0.017 billion euros.
The negative February figure suggests a weakening in Portugal’s external balance position after briefly entering positive territory at the start of the year. While the underlying drivers of the shift were not detailed in the latest release, the move from a marginal surplus to a notable deficit will be closely watched by analysts tracking the country’s external sustainability and its exposure to global trade and financial flows.
The February outcome underscores the volatility that can characterize monthly current account data, and may prompt renewed scrutiny of Portugal’s trade performance, income flows, and transfers as the year progresses.
