Spain posted a current account deficit of EUR 1.05 billion in March of 2020 compared to surplus of EUR 1.10 billion in the corresponding month of the previous year. The goods and services balance shifted to a deficit of EUR 0.26 billion compared to a surplus of EUR 1.53 billion a year earlier and the primary income and secondary shortfall widened to EUR 0.80 billion from EUR 0.43 billion in the same period of 2019.
Current Account in Spain averaged -933.08 EUR Million from 1969 until 2020, reaching an all time high of 5765 EUR Million in July of 2016 and a record low of -12201 EUR Million in January of 2008. This page provides the latest reported value for - Spain Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Current Account - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Bank of Spain
Current Account in Spain is expected to be 2800.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Spain to stand at 2040.00 in 12 months time. In the long-term, the Spain Current Account is projected to trend around 1940.00 EUR Million in 2021, according to our econometric models.