FX.co ★ Portugal’s Current Account Deficit Widens Sharply in June 2026

Portugal’s external position deteriorated in June 2026, as the country’s current account deficit nearly doubled compared with the previous month, according to the latest data released on 19 August 2026.

The current account balance stood at -1.837 billion euros in June 2026, a significant widening from the -0.898 billion euros recorded in May 2026. The figures indicate increased net outflows on Portugal’s transactions with the rest of the world over the period, underscoring mounting external imbalances heading into the second half of the year.

While detailed drivers of the shift were not provided in the latest release, the scale of the month‑on‑month deterioration will likely draw close attention from analysts and policymakers monitoring the country’s external sustainability and broader macroeconomic outlook.