Spain's current account deficit narrowed sharply to EUR 0.41 billion from EUR 1.31 billion in the same month a year ago, as the goods and services surplus increased to EUR 2.64 billion from EUR 1.36 billion. On the other hand, the primary and secondary income deficit widened to EUR 3.05 billion from EUR 2.67 billion in the previous year. From January to April, the current account deficit widened to EUR 5.96 billion from EUR 3.29 billion in the same period of 2018. Current Account in Spain averaged -1122.72 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
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 09:00 AM Current Account Jan €-1.47B €4.15B €-1B
2019-04-30 08:00 AM Current Account Feb €-2.77B €-1.47B €-1.13B €-1.6B
2019-05-31 08:00 AM Current Account Mar €0.03B €-2.77B €0.7B
2019-06-28 08:00 AM Current Account Apr €-0.41B €-0.11B €-0.68B €-1.7B
2019-07-31 08:15 AM Current Account May €-0.41B €2.9B
2019-08-30 08:20 AM Current Account Jun €1.5B
2019-09-27 08:10 AM Current Account Jul €0.5B


Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -1605300.00 -2352600.00 634935.00 -9834766.00 EUR Thousand [+]
Current Account -413.00 -107.00 5059.00 -12368.00 EUR Million [+]
Current Account to GDP 0.90 1.80 2.30 -9.60 percent [+]
Imports 26369800.00 27821800.00 30249900.00 37437.07 EUR Thousand [+]
Exports 24764584.76 25469200.00 26413344.61 14286.06 EUR Thousand [+]
Terms of Trade 99.70 100.30 123.70 62.20 Index Points [+]
Foreign Direct Investment 1091.00 1093.00 23250.00 -9566.00 EUR Million [+]
Capital Flows 3933.00 5417.00 17904.00 -11878.00 EUR Million [+]
Remittances 3475.00 3333.00 3590.00 732.00 EUR Million [+]
Tourist Arrivals 7952.79 7169.68 10493.44 1397.41 Thousand [+]
Gold Reserves 281.60 281.60 523.47 281.58 Tonnes [+]
Tourism Revenues 4185.00 4230.00 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 2057984000.00 2014359000.00 2057984000.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-413.00 -107.00 5059.00 -12368.00 1969 - 2019 EUR Million Monthly




Country Last Previous
Argentina -3849.43 Mar/19
Australia -2900.00 Mar/19
Brazil 662.00 May/19
Canada -17347.00 Mar/19
China 490.00 Mar/19
Euro Area 13.32 May/19
France 343.00 May/19
Germany 16500.00 May/19
India -4600.00 Mar/19
Indonesia -6966.00 Mar/19
Italy 2599.00 May/19
Japan 1594.84 May/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 20296.50 Mar/19
South Africa -142495.00 Mar/19
South Korea 4949.40 May/19
Spain -413.00 Apr/19
Switzerland 17215.95 Mar/19
Turkey 151.00 May/19
United Kingdom -30045.00 Mar/19
United States -130400.00 Mar/19


Related

Latest