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.

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Spain Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-1530.00 -331.00 5765.00 -12201.00 1969 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-31 08:15 AM Jan €-1.73B €2.20B €-0.37B €-1.7B
2020-04-30 08:00 AM Feb €1.33B €-1.73B €-2.0B
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 €-1.53B €-3.8B
2020-08-31 08:00 AM Jun €-2.8B
2020-09-30 08:00 AM Jul €-3.4B
2020-10-30 09:00 AM Aug €3.6B


News Stream
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 Gap Widens in January
Spain's current account deficit rose to EUR 1.73 billion in January of 2020 from EUR 1.47 billion in the corresponding month of the previous year and well above market expectations of a EUR 0.37 billion shortfall. The primary and secondary deficit widened to EUR 2.21 billion from EUR 0.75 billion a year earlier while the goods and services balance shifted to a surplus of EUR 0.49 billion compared to a gap of EUR 0.73 billion in the same period of 2019.
2020-03-31
Spain Current Account Surplus Widens in December
Spain's current account surplus widened to EUR 2.21 billion in December 2019 from EUR 1.84 billion in the corresponding month of the previous year and well below market expectations of a EUR 7.27 billion surplus. The goods and services surplus increased to EUR 1.50 billion from EUR 1.02 billion a year earlier, with tourism revenues increasing slightly (EUR 3.91 billion from EUR 3.85 billion). Meanwhile, the primary and secondary income surplus narrowed to EUR 0.71 billion from EUR 0.82 billion. Considering 2019 as a whole, the country’s current account surplus went up to EUR 23.94 billion from EUR 23.28 billion in 2018.
2020-02-28

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).