Current Account in Spain

Spain Current Account | Economic News & Forecasts

Spain - Current Account

Current account deficit moderates in September

The current account recorded a USD 2.2 billion surplus in September, down from USD 1.0 billion in August (September 2020: 0.3 billion deficit). Meanwhile, the 12-month trailing current account surplus remained unchanged, coming in at EUR 10.3 billion in September (August: USD 10.3 billion surplus).

According to the Bank of Spain, September’s result was driven by a higher trade surplus more than offsetting a wider deficit in primary and secondary incomes compared to the same period of 2020.

FocusEconomics Consensus Forecast panelists expect the current account balance to record a surplus of 1.3% of GDP in 2022 and 1.3% of GDP again in 2023.

Spain - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)2.0  3.2  2.7  1.9  2.0  

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Spain Current Account Chart

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

Spain Facts

Value Change Date
Bond Yield0.465.62 %Dec 31
Exchange Rate1.120.65 %Dec 31

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