Portugal: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 30.72 billion Euro as of September 2023, a decline compared to the previous value of 31.56 billion Euro. Historically, the average for Portugal from January 1996 to September 2023 is 16.85 billion Euro. The minimum of 6.78 billion Euro was recorded in August 2007, while the maximum of 32.47 billion Euro was reached in May 2023.
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* indicates monthly or quarterly data series
- Measure: billion Euro
- Source: Bank of Portugal
| Recent values | Portugal: Foreign exchange reserves, billion currency units |
|---|---|
| 2023 Sep | 30.72 |
| 2023 Aug | 31.56 |
| 2023 Jul | 31.38 |
| 2023 Jun | 31.36 |
| 2023 May | 32.47 |
| 2023 Apr | 31.78 |
| 2023 Mar | 31.95 |
| 2023 Feb | 30.81 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 97.60 | 2021 | percent |
| Trade openness | 94.05 | 2023 | percent |
| Financial openness | 2.299 | 2021 | index points |
| Exports, percent of GDP | 47.44 | 2023 | percent |
| Exports, billion dollars | 136.19 | 2023 | billion U.S. dollars |
| Growth of exports | 4.11 | 2023 | percent |
| Imports, percent of GDP | 46.61 | 2023 | percent |
| Imports, billion dollars | 133.81 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 3.38 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 9.53 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 713.91 | 2023 | million dollars (current) |
| Current account, percent of GDP | 1.40 | 2023 | percent |
| Current account, in dollars | 3.97 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 0.83 | 2023 | percent |
| Trade balance, in dollars | 3.58 | 2023 | billion U.S. dollars |
| Reserves | 35.24 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.47 | 2023 | percent |
| Remittances | 1,335.44 | 2023 | million U.S. dollars |
| Net errors and omissions | 827.63 | 2023 | million USD |
| Foreign exchange reserves | 30.72 | 9/2023 | billion |