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.

Current Account in Spain averaged -926.25 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 September of 2020. source: Bank of Spain

Current Account in Spain is expected to be 900.00 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 2600.00 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
2040.00 750.00 5765.00 -12201.00 1969 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-29 08:00 AM Mar €-1.05B €1.33B €1.1B
2020-06-30 08:00 AM Apr €-1.53B €-0.33B €-0.45B €-1.3B
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 08:00 AM Jul €2.04B €1.9B
2020-10-30 09:00 AM Aug €3.6B
2020-11-30 09:00 AM Sep €0.9B
2020-12-30 09:00 AM Oct €1.5B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Balance Shifts to Gap in April
Spain recorded a current account deficit of EUR 1.53 billion in April of 2020 compared to a surplus of EUR 291 billion in the corresponding month of the previous year. The goods and services balance shifted to a shortfall of EUR 0.50 billion compared to a surplus of EUR 4.45 billion, due to the negative impact of the coronavirus crisis on tourism revenues and trade. Meanwhile, the primary income and secondary deficit fell slightly to EUR 1.04 billion from EUR 1.54 billion in the same period a year ago.
2020-06-30
Spain Current Account Balance Swings to Deficit in March
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.
2020-05-29

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).