Current Account in Spain
Spain - Current Account
Current account swings to surplus in September
The current account recorded a EUR 0.4 billion surplus in September, improving from the EUR 0.1 billion deficit clocked in August (September 2021: EUR 1.5 billion surplus). Meanwhile, the 12-month trailing current account surplus deteriorated, coming in at EUR 6.7 billion in September (August: EUR 7.8 billion surplus).
According to the Bank of Spain, September’s result was mainly driven by a wider deficit in primary and secondary incomes as well as by a smaller trade surplus compared to the same period of 2021.
FocusEconomics Consensus Forecast panelists expect the current account balance to record a surplus of 0.6% of GDP in 2023 and 0.8% of GDP in 2024.
Spain - Current Account Data
|Current Account (% of GDP)||2.0||3.2||2.7||1.9||2.0|
5 years of economic forecasts for more than 30 economic indicators.
Spain Current Account Chart
Source: Bank of Spain.
|Bond Yield||0.46||5.62 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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December 1, 2022
Retail sales grew 1.4% year on year in October (September: +0.6% yoy).
December 1, 2022
The current account recorded a EUR 0.4 billion surplus in September, improving from the EUR 0.1 billion deficit clocked in August (September 2021: EUR 1.5 billion surplus).
November 16, 2022
Harmonized inflation dropped to 7.3% in October, following September’s 9.0%.
November 9, 2022
Industrial output expanded 3.6% year-on-year in seasonally and calendar-adjusted terms in September, which was a deterioration from August's 5.2% increase.
November 7, 2022
The S&P Global Composite Purchasing Managers’ (PMI) fell to 48.0 in October from September’s 48.4.