FX.co ★ Portugal’s Current Account Swings Back to Surplus in August 2026

Portugal’s external position strengthened markedly in August 2026, as the country’s current account moved back into surplus after a sizeable deficit the previous month. The balance improved from a deficit of -1.009 billion euros in July 2026 to a surplus of 0.411 billion euros in August 2026.

The turnaround in August signals a sharp month‑on‑month adjustment in Portugal’s trade and income flows with the rest of the world. While detailed drivers were not disclosed, the data suggest a significant easing of external pressures following July’s shortfall.

The latest figures, updated on 20 October 2026, will be closely watched by investors and policymakers as they assess the sustainability of Portugal’s external accounts heading into the latter part of the year.