Current Account in Spain

Spain Current Account | Economic News & Forecasts

Spain - Current Account

Current account surplus declines slightly in December

Spain’s current account balance recorded a surplus of EUR 4.7 billion in December, slightly below the EUR 5.1 billion surplus recorded in December 2017 but well above the EUR 1.8 billion surplus logged in November. In the 12 months up to December 2018, the current account balance reached a surplus of EUR 10.1 billion, the smallest in over four years and below the EUR 10.5 billion recorded in the 12 months up to November.

According to the Bank of Spain, the lower current account surplus compared to the previous year largely reflected the trade balance swinging to a small deficit of EUR 100 million in December 2018—mainly the result of higher imports—from a EUR 1.0 billion surplus logged in December 2017.

FocusEconomics Consensus Forecast panelists expect the current account balance to record a surplus of 1.0% of GDP in 2019, which is unchanged from last month’s forecast, and 0.9% 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

Bond Yield1.125.62 %Mar 11
Exchange Rate1.120.65 %Mar 11
Stock Market9,172-0.74 %Mar 11

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