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 |