Spain's current account surplus widened to EUR 2.83 billion in October 2019 from EUR 1.49 billion in the same month last year, as the goods and services surplus increased to EUR 3.77 billion from EUR 2.48 billion, with tourism revenues rising slightly (EUR 6.25 billion from EUR 6.20 billion). Meanwhile, the primary and secondary income deficit was little-changed at EUR 0.94 billion, compared to EUR 0.99 billion a year ago. In January-October, the current account surplus narrowed to EUR 18.37 billion from EUR 19.31 billion in the same period of 2018.

Current Account in Spain averaged -949.05 EUR Million from 1969 until 2019, 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. source: Bank of Spain

Current Account in Spain is expected to be 1900.00 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 900.00 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.

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Spain Current Account

Actual Previous Highest Lowest Dates Unit Frequency
2830.00 893.00 5765.00 -12201.00 1969 - 2019 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 08:10 AM Jul €3.24B €3.84B €0.23B €0.5B
2019-10-31 09:00 AM Aug €3.32B €3.24B €-0.04B €1.2B
2019-11-29 09:00 AM Sep €0.74B €3.32B €1.12B €0.8B
2019-12-30 09:00 AM Oct €2.83B €0.89B €1.59B €0.7B
2020-01-31 09:00 AM Nov €2.83B €2.94B €2.2B
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News Stream
2019-11-29
Spain Posts Smallest Current Account Surplus in Over 7 Years
Spain's current account surplus narrowed to EUR 0.74 billion in September 2019 from EUR 1.29 billion in the corresponding period of the previous year and compared with market expectations of EUR 1.12 billion. It was the smallest current account surplus since June 2012, as the goods and services surplus decreased to EUR 1.60 billion from EUR 2.22 billion a year earlier despite an increase in tourism revenues (EUR 7.59 billion from EUR 7.36 billion). On the other hand, the primary and secondary income shortfall narrowed to EUR 0.86 billion from EUR 0.93 billion. Considering the first nine months of the year, the current account surplus dropped to EUR 15.87 billion from EUR 17.82 billion in 2018.

2019-10-31
Spain Current Account Surplus Little-Changed
Spain's current account surplus was little-changed at EUR 3.32 billion in August 2019, compared to EUR 3.38 billion in the same month last year. The goods and services surplus narrowed to EUR 4.15 billion from EUR 4.76 billion a year ago despite an increase in tourism revenues (EUR 9.40 billion vs EUR 9.14 billion). On the other hand, the primary and secondary income deficit shrank to EUR 0.83 billion from EUR 1.40 billion. Considering the first eight months of the year, the current account surplus fell to EUR 15.13 billion from EUR 16.53 billion in the same period of the previous year.

2019-09-30
Spanish Current Account Surplus Widens in July
Spain's current account surplus widened to EUR 3.24 billion in July 2019 from EUR 2.73 billion in the same month of 2018 and beating market expectations of a EUR 0.23 billion surplus. The goods and services surplus rose to EUR 5.28 billion from EUR 4.50 billion, with tourism revenues increasing to EUR 9.27 billion (vs EUR 8.93 billion in July 2018). Meanwhile, the primary and secondary income gap advanced to EUR 2.04 billion from EUR 1.77 billion. Considering the first seven months of the year, the current account recorded a EUR 11.81 billion surplus, compared to a EUR 13.15 billion surplus in 2018.

2019-08-30
Spain Current Account Surplus Widens in June
Spain's current account surplus widened to EUR 2.05 billion in June 2019 from EUR 1.53 billion in the same month last year, as the goods and services surplus increased to EUR 3.96 billion from EUR 3.35 billion, with tourism revenues rising to EUR 6.78 billion (vs EUR 6.52 billion in June 2018). Meanwhile, the primary and secondary income deficit widened to EUR 1.91 billion from EUR 1.82 billion. Considering January-June, the current account posted a EUR 1.20 billion gap, compared to a EUR 1.64 billion surplus in the same period of 2018.


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).