Spain Current Account December 2015


Spain: Current account surplus rises in December

January 29, 2016

Spain’s current account balance incurred a surplus of EUR 4.5 billion in December, which was above the 4.2 billion surplus recorded in the same month of the previous year and November’s 2.1 billion surplus. For the full year 2015, the current account balance recorded a surplus of EUR 16.7 billion, which was above the EUR 10.2 billion tallied in 2014.

According to the Bank of Spain, the improvement in the current account balance is largely due to an increase in primary and secondary income. However, the trade surplus moderated slightly.

FocusEconomics Consensus Forecast panelists expect the current account balance to record a surplus of 1.2% of GDP in 2016. In 2017, the panel sees the current account surplus broadly stable at 1.1% of GDP.

Author: Angela Bouzanis, Lead Economist

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Spain Current Account Chart

Spain Current Account December 2015

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

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