Trade Balance in Spain

Spain - Trade Balance
Growth weakened in the first quarter, as household spending was weighed down by surging inflation and the spread of the Omicron variant. Turning to Q2, in April, a robust recovery in tourism likely underpinned the tertiary sector, as signaled by a higher services PMI reading, while the rate of unemployment fell and retail sales rebounded strongly. However, elevated inflation, downbeat consumer confidence and a softer expansion in manufacturing activity call for caution. Meanwhile, the European Commission recently warned of imbalances in the public accounts, with the independent fiscal authority lamenting the absence of a medium-term strategy to bring them under control. Furthermore, the Bank of Spain has called for additional reforms to ensure the sustainability of the public pensions system.Spain - Trade Balance Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Trade Balance (USD billion) | -26.9 | -20.8 | -28.2 | -39.5 | -36.4 |
Spain Trade Balance Chart

Source: Bank of Spain.
Spain Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 0.46 | 5.62 % | Dec 31 |
Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Spain: Retail sales improve in December
February 1, 2023
Retail sales rose 3.5% year on year in December 2022 (November: -0.7% yoy).
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Spain: Current account surplus widens in November
February 1, 2023
The current account recorded a EUR 5.6 billion surplus in November, improving from the EUR 2.7 billion surplus clocked in October (November 2021: EUR 1.6 billion surplus).
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Spain: Economy continues to expand despite sharp contraction in domestic demand in Q4
January 27, 2023
According to a preliminary estimate, GDP rose 0.2% on a seasonally adjusted quarter-on-quarter basis in Q4 2022, matching the increase recorded in Q3.
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Spain: Unemployment rate rises in fourth quarter of the year
January 26, 2023
The jobless rate rose to 12.9% in Q4 from 12.7% in Q3.
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Spain: Industrial output falls at sharpest pace since February 2021 in November
January 16, 2023
Industrial output dropped 1.1% year-on-year in seasonally and calendar-adjusted terms in November, which contrasted October's 2.1% increase.