Spain Current Account

Spain

Spain: Current account records largest surplus in seven months in July

September 30, 2015

Spain’s current account balance incurred a surplus of EUR 3.0 million in July, which overshot the 1.8 million surplus recorded in the same month last year and June’s 1.7 million surplus. The result marked the largest surplus in seven months. In the 12 months up to July, the current account balance recorded a surplus of EUR 16.2 billion, which was above the EUR 15.0 billion tallied in the 12 months up to June.

According to the Bank of Spain, the improvement in the current account balance is partly due to an increase in the surplus of goods and services.

FocusEconomics Consensus Forecast panelists expect the current account balance to record a surplus of 1.0% of GDP in 2015. In 2016, the panel sees the current account surplus broadly stable at 0.9% of GDP.


Author: Angela Bouzanis, Senior Economist

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Spain Current Account Chart


Spain Current Account July 2015

Note: Monthly current account balance and 12-month sum in EUR billion.
Source: Bank of Spain.


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