Portugal’s current account deficit narrowed significantly in July 2026, signaling an improvement in the country’s external balance. The shortfall decreased to -1.009 billion euros, compared with a deficit of -1.837 billion euros recorded in June 2026.
The latest figures, updated on 18 September 2026, suggest that pressures on Portugal’s external accounts may be easing during the summer period. While the current account remains in negative territory, the notable month-on-month improvement points to a more favorable balance between the country’s cross-border income, trade in goods and services, and transfers. Investors and policymakers will be watching upcoming releases to see whether this narrowing deficit marks the beginning of a more sustained trend.
