Current Account in Spain
Spain - Current Account
Current account surplus swells in October
Spain’s current account balance recorded a surplus of EUR 2.8 billion in October, well above both the EUR 1.5 billion surplus recorded in October 2018 and the EUR 893 million surplus logged in September. In the 12 months up to October 2019, the current account balance reached a surplus of EUR 22.3 billion, above the EUR 21.0 billion surplus in the 12 months up to September.
According to the Bank of Spain, the more sizeable current account surplus compared to 2018 mainly reflected the larger trade surplus recorded in October 2019—mainly the result of higher exports—of EUR 3.8 billion, above the EUR 2.5 billion registered in October 2018.
FocusEconomics Consensus Forecast panelists expect the current account balance to record a surplus of 1.3% of GDP in 2020 and 1.3% of GDP in 2021.
Spain - Current Account Data
|Current Account (% of GDP)||1.5||1.1||1.2||2.3||1.9|
5 years of economic forecasts for more than 30 economic indicators.
Spain Current Account Chart
Source: Bank of Spain.
|Bond Yield||0.46||5.62 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 10, 2020
Industrial production rose a strong 2.1% year-on-year in seasonally- and calendar-adjusted terms in November, rebounding from October’s 1.3% dip and marking a 10-month high.
January 6, 2020
Reflecting a softer contraction in manufacturing activity and faster growth of the services sector, the IHS Markit composite Purchasing Managers’ Index (PMI) rose from 51.9 in November to 52.7 in December, the highest reading since April.
December 30, 2019
Spain’s current account balance recorded a surplus of EUR 2.8 billion in October, well above both the EUR 1.5 billion surplus recorded in October 2018 and the EUR 893 million surplus logged in September.
December 30, 2019
Economic activity remained steady and healthy in the third quarter, according to a second GDP estimate released by the National Statistics Institute (INE) on 30 December.
December 27, 2019
Retail sales grew 3.0% year-on-year in November, accelerating from the 2.6% rise logged in October.