Trade Balance in Spain

Spain Trade Balance | Economic News & Forecasts

Spain - Trade Balance

Activity should have expanded at a decent pace in Q4, amid a comparatively favorable health situation. PMI readings for October and November showed sustained expansions in the manufacturing and services sectors, while the labor market continued to recover in the same period. That said, both retail sales and industrial production dropped in October—the latter likely hit by global supply constraints—which, coupled with weakening consumer sentiment and soaring inflation, calls for caution. Moreover, a rising volume of renegotiated loans in October points to the scars left by the pandemic on the production sector. Meanwhile, the stock of public debt remained above 120% of GDP in Q3, and both the European Commission and the independent fiscal authority warned the government to stick to prudent fiscal policies, while the OECD and the IMF recently criticized the pension reform for making the system less sustainable.

Spain - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-26.9  -20.8  -28.2  -39.5  -36.4  

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Spain Trade Balance Chart

Spain Trade
Note: Trade balance in EUR billion.
Source: Bank of Spain.

Spain Facts

Value Change Date
Bond Yield0.465.62 %Dec 31
Exchange Rate1.120.65 %Dec 31

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