The current account surplus in Spain narrowed sharply to EUR 1.35 billion in August of 2020 from EUR 3.75 billion a year earlier. The surplus on goods and services fell to EUR 1.9 billion from EUR 4.67 billion while the deficit on the primary and secondary income went down to EUR 0.55 billion from EUR 0.92 billion. source: Bank of Spain

Current Account in Spain averaged -913.23 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 November of 2020.

Current Account in Spain is expected to be 1040.00 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 1480.00 in 12 months time. In the long-term, the Spain Current Account is projected to trend around 1950.00 EUR Million in 2021 and 2480.00 EUR Million in 2022, according to our econometric models.

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Spain Current Account

Actual Previous Highest Lowest Dates Unit Frequency
1354.00 1447.00 5765.00 -12201.00 1969 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-31 08:00 AM May €0.75B €-1.53B €-3.8B
2020-08-31 08:00 AM Jun €2.04B €0.75B €-0.8B
2020-09-30 08:15 AM Jul €1.45B €1.97B €1.9B
2020-10-30 09:00 AM Aug €1.35B €1.45B €3.6B
2020-11-30 09:00 AM Sep €1.35B €0.9B
2020-12-30 09:00 AM Oct €1.5B
2021-02-01 09:00 AM Nov
2021-03-01 09:00 AM Dec


News Stream
Spain Current Account Surplus Falls by Near 300%
The current account surplus in Spain narrowed sharply to EUR 1.35 billion in August of 2020 from EUR 3.75 billion a year earlier. The surplus on goods and services fell to EUR 1.9 billion from EUR 4.67 billion while the deficit on the primary and secondary income went down to EUR 0.55 billion from EUR 0.92 billion.
2020-10-30
Spain Current Account Surplus Narrows in July
Spain's current account surplus narrowed sharply to EUR 1.45 billion in July 2020 from EUR 3.74 billion in the same period last year, as the goods and services surplus decreased to EUR 3.64 billion from EUR 5.76 billion, with tourism revenues dropping to EUR 2.08 billion from EUR 9.29 billion amid the coronavirus pandemic. Meanwhile, the primary and secondary income deficit widened to EUR 2.19 billion from EUR 2.02 billion.
2020-09-30
Spain Current Account Surplus Narrows in June
Spain’s current account surplus narrowed to EUR 2.04 billion in June 2020 from EUR 3.81 billion in the corresponding month of the previous year. The goods and services surplus dropped sharply to EUR 2.52 billion from EUR 4.86 billion a year earlier due to the negative impact of the coronavirus crisis on tourism revenues and trade. On the other hand, the primary income and secondary deficit decreased to EUR 0.48 billion from EUR 1.05 billion in June of 2019. Considering the first half of the year, the country's trade surplus went down to EUR 0.32 billion from EUR 8.59 billion in corresponding period of 2019.
2020-08-31
Spain Posts Smallest Current Account Surplus in Nearly 8 Years
Spain’s current account surplus narrowed to EUR 0.75 billion in May 2020 from EUR 3.85 billion in the corresponding month of the previous year. It was the smallest current account surplus since June 2012, as the goods and services surplus declined sharply to EUR 1.43 billion from EUR 4.46 billion due to the negative impact of the coronavirus crisis on tourism revenues and trade. Additionally, the primary income and secondary deficit increased to EUR 0.68 billion from EUR 0.61 billion in the same period a year earlier.
2020-07-31

Spain Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).