La sagrada familia in Spain

Current Account in Spain

Spain Current Account

Current account surplus widens in May

The current account posted a EUR 4.0 billion surplus in May, improving from the EUR 1.8 billion surplus posted in April (May 2022: EUR 3.5 billion surplus). Meanwhile, the 12-month trailing current account surplus improved, coming in at EUR 25.4 billion in May (April: EUR 24.0 billion surplus).

According to the Bank of Spain, May’s result was driven by a wider trade surplus more than offsetting a larger deficit in primary and secondary income accounts compared to the same period of 2022.

Spain Current Account Chart

This chart displays Current Account Balance (% of GDP) for Spain from 2013 to 2022.

Spain Current Account Data

2018 2019 2020 2021 2022
Current Account Balance (% of GDP) 1.9 2.1 0.6 0.8 0.6
Current Account Balance (EUR bn) 22.6 26.2 6.9 9.3 8.2

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