Trade Balance in Spain

Spain Trade Balance | Economic News & Forecasts

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  

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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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