Current Account in Spain

Spain Current Account | Economic News & Forecasts

Spain - Current Account

Current account surplus narrows in March

Spain’s current account balance recorded a tiny surplus of EUR 26 million in March, smaller than the EUR 389 million surplus recorded in March 2018 but much greater than the EUR 2.8 billion deficit logged in February. In the 12 months up to March 2019, the current account balance reached a surplus of EUR 9.0 billion, the smallest since October 2014 and below the EUR 9.4 billion recorded in the 12 months up to February.

According to the Bank of Spain, the lower current account surplus compared to the previous year reflected the smaller trade surplus recorded in March 2019 of EUR 1.2 billion—mainly the result of imports growing more than exports—below the EUR 1.8 billion logged in March 2018.

Met the why particular Consensus Forecast panelists expect the current account balance to record a surplus of 0.9% of GDP in 2019, which is unchanged from last month’s forecast, and 0.8% of GDP in 2020.

Spain - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.5  1.1  1.1  1.9  1.9  

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Spain Current Account Chart

Spain Current Account
Note: Current account balance as % of GDP.
Source: Bank of Spain.

Spain Facts

Bond Yield0.495.62 %Jun 14
Exchange Rate1.120.65 %Jun 14
Stock Market9,194-0.74 %Jun 14

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