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.