Spain recorded a Current Account surplus of 2 percent of the country's Gross Domestic Product in 2019. source: EUROSTAT

Current Account to GDP in Spain averaged -2.09 percent from 1980 until 2019, reaching an all time high of 3.20 percent in 2016 and a record low of -9.60 percent in 2007. This page provides - Spain Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Spain Current Account to GDP - values, historical data and charts - was last updated on February of 2021.

Current Account to GDP in Spain is expected to reach 3.20 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Current Account to GDP is projected to trend around 2.50 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Spain Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
2.00 1.90 3.20 -9.60 1980 - 2019 percent Yearly

Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -1073000.00 -593129.00 1481717.00 -9834766.00 EUR Thousand [+]
Current Account 3335.00 1294.00 5765.00 -12201.00 EUR Million [+]
Current Account to GDP 2.00 1.90 3.20 -9.60 percent [+]
Imports 23834700.00 25323786.20 30249871.83 37437.04 EUR Thousand [+]
Exports 22761700.00 24730657.68 26861399.68 14286.06 EUR Thousand [+]
Terms of Trade 102.90 105.60 123.70 62.20 points [+]
Foreign Direct Investment 1955.00 9981.00 22976.00 -10696.00 EUR Million [+]
Capital Flows 4235.00 -1271.00 14085.00 -11176.00 EUR Million [+]
Remittances 3448.00 3388.00 3696.00 857.00 EUR Million [+]
Tourist Arrivals 648.67 456.96 10493.44 0.00 Thousand [+]
Gold Reserves 281.58 281.58 523.47 281.58 Tonnes [+]
Tourism Revenues 395.00 777.00 9408.00 0.00 EUR Million [+]
Terrorism Index 2.81 3.35 6.52 1.20 [+]
External Debt 2208328000.00 2206499000.00 2208328000.00 141746000.00 EUR Thousand [+]
Weapons Sales 1188.00 820.00 1429.00 1.00 USD Million [+]


Spain Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.