Current Account in Spain

Spain Current Account | Economic News & Forecasts

Spain - Current Account

Current account deficit grows from previous year in February

Spain’s current account balance recorded a deficit of EUR 2.8 billion in February, greater than both the EUR 1.8 billion shortfall recorded in February 2018 and the EUR 1.5 billion deficit logged in January. In the 12 months up to February 2019, the current account balance reached a surplus of EUR 9.3 billion, the smallest in over four years and below the EUR 10.4 billion recorded in the 12 months up to January.

According to the Bank of Spain, the larger current account deficit compared to the previous year largely reflected a more sizeable deficit in the primary and secondary income accounts.

FocusEconomics Consensus Forecast panelists expect the current account balance to record a surplus of 0.9% 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  1.1  1.9  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

ValueChangeDate
Bond Yield0.975.62 %May 10
Exchange Rate1.120.65 %May 13
Stock Market9,047-0.74 %May 13

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