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.
Current Account in Spain averaged -933.79 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 July 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 1980.00 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.