Spain recorded a current account surplus of €5575 million in March of 2023, the highest surplus since July of 2016, and switching from a €69 million gap a year earlier. The goods and services account posted a €6779 million surplus (vs a €25 million deficit). Exports increased 14.6% over a year earlier, prompted by sales of capital goods, autos, chemical products and food, beverages and tobacco to France, Germany, Italy and the US, according to data from the Ministry of Industry, Commerce and Tourism. Imports rose at a slower 4%. Meanwhile, the primary and secondary income gap widened to €1203 million from €44 million a year earlier. source: Bank of Spain

Current Account in Spain averaged -819.33 EUR Million from 1969 until 2023, reaching an all time high of 5765.00 EUR Million in July of 2016 and a record low of -12201.00 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 2023.

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. In the long-term, the Spain Current Account is projected to trend around 2300.00 EUR Million in 2024 and 2500.00 EUR Million in 2025, according to our econometric models.

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Spain Current Account



Calendar GMT Actual Previous Consensus TEForecast
2023-04-28 08:00 AM Feb €2.29B €3.27B €2.2B
2023-05-31 08:00 AM Mar €5.58B €2.29B €1.3B
2023-06-30 08:00 AM Apr €5.58B


Related Last Previous Unit Reference
Balance of Trade -157720.00 -2464829.00 EUR Thousand Mar 2023
Current Account 5575.00 2293.00 EUR Million Mar 2023
Exports 38932728.48 32830165.11 EUR Thousand Mar 2023
Imports 39090448.08 35294993.80 EUR Thousand Mar 2023
Foreign Direct Investment 3232.00 2374.00 EUR Million Mar 2023
Capital Flows 8498.00 -1383.00 EUR Million Mar 2023
Remittances 4153.00 3129.00 EUR Million Dec 2022
Tourism Revenues 5190.00 4102.00 EUR Million Mar 2023
External Debt 2332108000.00 2336143000.00 EUR Thousand Dec 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
5575.00 2293.00 5765.00 -12201.00 1969 - 2023 EUR Million Monthly

News Stream
Spain Current Account Surplus Highest in Nearly 7 Years
Spain recorded a current account surplus of €5575 million in March of 2023, the highest surplus since July of 2016, and switching from a €69 million gap a year earlier. The goods and services account posted a €6779 million surplus (vs a €25 million deficit). Exports increased 14.6% over a year earlier, prompted by sales of capital goods, autos, chemical products and food, beverages and tobacco to France, Germany, Italy and the US, according to data from the Ministry of Industry, Commerce and Tourism. Imports rose at a slower 4%. Meanwhile, the primary and secondary income gap widened to €1203 million from €44 million a year earlier.
2023-05-31
Spain Current Account Shifts to Surplus in February
Spain recorded a current account surplus of €2.3 billion in February 2023, shifting from a €0.8 billion deficit a year earlier due to a sharp increase in the goods and services account surplus (€4.6 billion vs €0.5 billion in February 2022). Meanwhile, the deficit for primary and secondary income widened to €2.3 billion from €1.3 billion in the same period last year. Considering the first two months of the year, the current account posted a surplus of €5.6 billion, compared to a €3.9 billion deficit in the corresponding period in 2022.
2023-04-28
Spain Current Account Swings to Surplus in January
Spain recorded a current account surplus of €3.3 billion in January of 2023 compared to a €3.1 billion deficit a year ago. The goods and services account switched to a €3.0 billion surplus from a €2.6 billion. At the same time, the primary and secondary income account swung to a surplus of €0.3 billion from a shortfall of €0.5 billion in January 2022.
2023-03-31