Current Account in Spain

Spain Current Account | Economic News & Forecasts

Spain - Current Account

Current account surplus increases in June

Spain’s current account balance recorded a surplus of EUR 2.1 billion in June, well above the EUR 1.5 billion surplus recorded in June 2018 but below the EUR 2.7 billion surplus logged in May. In the 12 months up to June 2019, the current account balance reached a surplus of EUR 8.3 billion, above the EUR 7.8 billion recorded in the 12 months up to May.

According to the Bank of Spain, the larger current account surplus compared to the previous year was mainly the result of a higher trade surplus recorded in June 2019—mainly the result of lower imports—of EUR 4.0 billion, above the EUR 3.3 billion registered in June 2018.

FocusEconomics Consensus Forecast panelists expect the current account balance to record a surplus of 0.8% of GDP in 2019, which is unchanged from last month’s forecast, and 0.8% of GDP in 2020.

Spain - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.5  1.1  1.2  2.3  1.9  

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Spain Current Account Chart

Spain Current Account
Note: Current account balance as % of GDP.
Source: Bank of Spain.

Spain Facts

Bond Yield0.075.62 %Sep 03
Exchange Rate1.100.65 %Sep 04
Stock Market8,857-0.74 %Sep 04

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