FX.co ★ Portugal’s Current Account Deficit Narrows Sharply in April 2026

Portugal’s external position showed notable improvement in April 2026, as the country’s current account deficit narrowed to -0.265 billion euros, from -0.616 billion euros in March 2026. The latest figures, updated on 18 June 2026, indicate a significant easing of external imbalances over the month.

While the current account remains in deficit, the nearly halving of the shortfall suggests a more favorable balance between Portugal’s cross-border income and expenditure. This moderation in the deficit may reflect shifts in trade flows, services income, or investment-related payments, though detailed components were not provided.

Investors and policymakers will be watching subsequent monthly data to assess whether April’s improvement marks the beginning of a more sustained trend in Portugal’s external accounts or a temporary correction following March’s wider gap.