Current Account in Spain

Spain Current Account (EUR bn) | Economic News & Forecasts

Spain - Current Account (billions of Euros)

Current account surplus rises in July

Spain’s current account balance recorded a surplus of EUR 3.2 billion in July, above the EUR 2.7 billion surplus recorded in July 2018 but below the EUR 3.8 billion surplus logged in June. In the 12 months up to July 2019, the current account balance reached a surplus of EUR 21.9 billion, slightly above the EUR 21.4 billion recorded in the 12 months up to June.

According to the Bank of Spain, the larger current account surplus compared to the previous year mainly reflected a larger trade surplus recorded in July 2019—mainly the result of higher exports—of EUR 5.3 billion, above the EUR 4.5 billion registered in July 2018.

FocusEconomics Consensus Forecast panelists expect the current account balance to record a surplus of 0.7% of GDP in 2019 and 0.7% of GDP in 2020.

Spain - Current Account (EUR bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (EUR bn)15.6  11.2  12.6  25.2  21.5  

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Spain Current Account (EUR bn) Chart

Spain Current Account
Note: Current account balance as % of GDP.
Source: Bank of Spain.

Spain Facts

Bond Yield0.075.62 %Sep 03
Exchange Rate1.100.65 %Sep 04
Stock Market8,857-0.74 %Sep 04

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