Spain's current account surplus widened to EUR 3.35 billion in November 2019 from EUR 2.14 billion in the corresponding month of the previous year and above market expectations of a EUR 2.94 billion surplus. The goods and services surplus went up to EUR 2.47 billion from EUR 1.57 billion a year earlier, with tourism revenues increasing slightly (EUR 3.93 billion from EUR 3.73 billion). Additionally, the primary and secondary income surplus advanced to EUR 0.89 billion from EUR 0.57 billion. Considering the first eleven months of the year, the current account surplus rose to EUR 21.73 billion from EUR 21.45 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 1100.00 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 2040.00 in 12 months time. In the long-term, the Spain Current Account is projected to trend around 1940.00 EUR Million in 2021, according to our econometric models.