Spain’s current account surplus narrowed sharply to EUR 26 million in March of 2019 from EUR 389 million in the corresponding month of the previous year. The goods and services surplus shrank to EUR 1.2 billion from EUR 1.8 billion a year ago despite a rise in tourism revenues (EUR 4.23 billion from EUR 4.07 billion). Meanwhile, the primary and secondary income deficit decreased to EUR 1.22 billion from EUR 1.41 billion in March of 2018. Considering the first quarter of 2019, Spain´s current account gap widened to EUR 4.2 billion from EUR 1.9 billion in the corresponding period of the previous year. Current Account in Spain averaged -1121.51 EUR Million from 1969 until 2019, reaching an all time high of 5059 EUR Million in December of 2017 and a record low of -12368 EUR Million in January of 2008.

Current Account in Spain is expected to be 1500.00 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 980.00 in 12 months time. In the long-term, the Spain Current Account is projected to trend around 1940.00 EUR Million in 2020, according to our econometric models.

Spain Current Account
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-28 09:20 AM Current Account €4.67B €1.77B € 2.8B
2019-03-29 09:00 AM Current Account €-1.47B €4.15B €-1B
2019-04-30 08:00 AM Current Account €-2.77B €-1.47B €-1.13B €-1.6B
2019-05-31 08:00 AM Current Account €0.03B €-2.77B €0.7B
2019-06-28 08:00 AM Current Account €0.03B €-1.7B
2019-07-31 08:15 AM Current Account €2.9B
2019-08-30 08:20 AM Current Account €1.5B


Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -2352600.00 -2627773.00 634935.00 -9834766.00 EUR Thousand [+]
Current Account 26.00 -2769.00 5059.00 -12368.00 EUR Million [+]
Current Account to GDP 0.90 1.80 2.30 -9.60 percent [+]
Imports 27821800.00 25646600.00 30249900.00 37437.07 EUR Thousand [+]
Exports 25469200.00 23018840.08 26413344.61 14286.06 EUR Thousand [+]
Terms of Trade 100.30 105.00 123.70 62.20 Index Points [+]
Foreign Direct Investment 1532.00 2466.00 23250.00 -9894.00 EUR Million [+]
Capital Flows 4718.00 -2697.00 17904.00 -11878.00 EUR Million [+]
Remittances 3315.00 2613.00 3590.00 732.00 EUR Million [+]
Tourist Arrivals 7169.68 5645.75 10493.44 1397.41 Thousand [+]
Gold Reserves 281.60 281.60 523.47 281.58 Tonnes [+]
Tourism Revenues 4235.00 3350.00 8015.00 890.00 EUR Million [+]
Terrorism Index 4.02 1.70 6.52 1.20 [+]
Weapons Sales 1188.00 820.00 1429.00 1.00 USD Million [+]
External Debt 2014359000.00 2003697000.00 2014359000.00 618600000.00 EUR Thousand [+]
Crude Oil Production 1.00 1.00 17.00 1.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
26.00 -2769.00 5059.00 -12368.00 1969 - 2019 EUR Million Monthly




Country Last Previous
Argentina -2317.00 Dec/18
Australia -2900.00 Mar/19
Brazil -62.00 Apr/19
Canada -17347.00 Mar/19
China 586.00 Mar/19
Euro Area 35.10 Mar/19
France -846.00 Apr/19
Germany 22600.00 Apr/19
India -16899.55 Dec/18
Indonesia -6966.00 Mar/19
Italy 4040.10 Mar/19
Japan 1707.39 Apr/19
Mexico -5634.10 Mar/19
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 20296.50 Mar/19
South Africa -142495.00 Mar/19
South Korea -660.00 Apr/19
Spain 26.00 Mar/19
Switzerland 15181.70 Dec/18
Turkey -1334.00 Apr/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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