Current Account in Spain

Spain Current Account | Economic News & Forecasts

Spain - Current Account

Current account deficit widens in April

Spain’s current account balance recorded a deficit of EUR 413 million in April, smaller than the EUR 1.3 billion shortfall recorded in April 2018 but much greater than the EUR 107 million deficit logged in March. In the 12 months up to April 2019, the current account balance reached a surplus of EUR 8.5 billion, above the EUR 7.6 billion recorded in the 12 months up to March.

According to the Bank of Spain, the lower current account deficit compared to the previous year reflected the larger trade surplus recorded in April 2019 of EUR 2.6 billion, above the EUR 1.4 billion logged in April 2018.

FocusEconomics Consensus Forecast panelists expect the current account balance to record a surplus of 0.9% of GDP in 2019, which is unchanged from last month’s forecast, and 0.8% of GDP in 2020.

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 Yield0.415.62 %Jul 10
Exchange Rate1.130.65 %Jul 11
Stock Market9,280-0.74 %Jul 11

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