Spain's current account deficit narrowed to EUR 0.16 billion in March of 2021 from EUR 0.56 billion in the same month of the previous year. This improvement was driven by a significant increase in the goods and services surplus to EUR 0.71 billion from EUR 0.10 billion a year ago, which was partially offset by a deterioration in the primary and secondary income gap to EUR 0.87 billion from EUR 0.67 billion. source: Bank of Spain
Current Account in Spain averaged -901.34 EUR Million from 1969 until 2021, 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 June of 2021.
Current Account in Spain is expected to be 2600.00 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 2050.00 in 12 months time. In the long-term, the Spain Current Account is projected to trend around 2480.00 EUR Million in 2022 and 2220.00 EUR Million in 2023, according to our econometric models.