Current Account in Spain
Spain - Current Account
Current account surplus declines in October
Spain’s current account balance recorded a surplus of EUR 294 million in October, a marked decline from the EUR 1.9 billion surplus recorded in October 2017 and well below the EUR 696 million surplus logged in September. In the 12 months up to October 2018, the current account balance reached a surplus of EUR 12.3 billion, the smallest since January 2016 and below the EUR 13.8 billion recorded in the 12 months up to September.
According to the Bank of Spain, the lower current account surplus compared to the previous year reflected the smaller trade surplus recorded in October 2018 of EUR 2.0 billion —mainly the result of exports expanding less than imports— below the EUR 3.6 billion logged in October 2017.
FocusEconomics Consensus Forecast panelists expect the current account balance to record a surplus of 1.1% of GDP in 2019, which is down 0.1 percentage points from last month’s forecast, and 0.9% of GDP in 2020.
Spain - Current Account Data
|Current Account (% of GDP)||1.5||1.1||1.1||1.9||1.9|
5 years of economic forecasts for more than 30 economic indicators.
Spain Current Account Chart
Source: Bank of Spain.
|Bond Yield||1.38||5.62 %||Jan 15|
|Exchange Rate||1.14||0.65 %||Jan 16|
|Stock Market||8,913||-0.74 %||Jan 16|
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
January 11, 2019
Industrial production declined 2.6% year-on-year in seasonally- and calendar-adjusted terms in November, contrasting October’s revised 0.7% increase (previously reported: +0.8% year-on-year) and marking the sharpest contraction since May 2013.
January 4, 2019
Reflecting weaker activity growth in the manufacturing sector, the IHS Markit composite Purchasing Managers’ Index (PMI) edged down from 53.9 in November to 53.4 in December.
January 3, 2019
Robust momentum was maintained in the third quarter of the year, according to a second GDP estimate released by the National Statistical Institute (INE) on 28 December.
December 28, 2018
Spain’s current account balance recorded a surplus of EUR 294 million in October, a marked decline from the EUR 1.9 billion surplus recorded in October 2017 and well below the EUR 696 million surplus logged in September.
December 28, 2018
According to data published by the Ministry of Public Works (Ministerio de Fomento), the Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 8,583 new construction permits in October.