Current Account in Spain

Spain Current Account | Economic News & Forecasts

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

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 Yield0.465.62 %Dec 31
Exchange Rate1.120.65 %Dec 31

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