Trade Balance in Spain

Spain Trade Balance (EUR) | Economic News & Forecasts

Spain - Trade Balance (Euros)

On the heels of the worst downturn on record in Q1, caused by the nationwide lockdown announced in mid-March to curb Covid-19’s spread, the economy is set to reel even further in Q2 as the full brunt of containment measures is felt. In April, retail sales were decimated due to the closure of businesses, while the services PMI sank to a record low as output and new orders collapsed at unprecedented rates. The manufacturing PMI also plummeted, though less than that seen during the Great Recession. On a somewhat positive note, job losses eased in April and employment began to slowly recover through mid-May. Moreover, the gradual easing of restrictions nationwide came into full swing later in the month, with inbound tourism set to be restored in July—giving some hope to the battered industry. On the policy front, on 29 May, the government approved the creation of a monthly basic income scheme ranging from EUR 462–EUR 1,105 for poor households.

Spain - Trade Balance (EUR) Data

2014   2015   2016   2017   2018  
Trade Balance (EUR billion)-24.5  -24.2  -18.8  -24.7  -33.8  

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Spain Trade Balance (EUR) 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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