Spain: Current account surplus grows in December 2019
Spain’s current account balance recorded a surplus of EUR 2.2 billion in the final month of 2019, above the EUR 1.8 billion surplus recorded in December 2018 but below the EUR 3.4 billion surplus logged in November. In the 12 months up to December 2019, the current account balance reached a surplus of EUR 23.9 billion, slightly above the EUR 23.6 billion surplus in the 12 months up to November.
According to the Bank of Spain, the more sizeable current account surplus compared to 2018 mainly reflected the larger trade surplus recorded in December 2019—mainly the result of exports rising more than imports—of EUR 1.5 billion, above the EUR 1.0 billion registered in December 2018.