Spain’s current account surplus declined to EUR 2.7 billion in January 2026 from EUR 3.1 billion in the same month a year ago, according to preliminary data. The balance of primary income, which includes income from work, investment, taxes on production and imports, and subsidies, and secondary income, covering personal transfers, current taxes, social contributions, and benefits, recorded a deficit of EUR 1.4 billion, compared with a surplus of EUR 1.2 billion in the previous year. Meanwhile, the goods and services surplus rose significantly to EUR 4.1 billion from EUR 1.9 billion in January 2025. Within this segment, the tourism sector played a fundamental role, contributing a surplus of €4.1 billion compared to €3.8 billion in January 2025. source: Bank of Spain

Spain recorded a Current Account surplus of 2730 EUR Million in January of 2026. Current Account in Spain averaged -568.32 EUR Million from 1969 until 2026, reaching an all time high of 7343.00 EUR Million in October of 2025 and a record low of -12138.00 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 April of 2026.

Spain recorded a Current Account surplus of 2730 EUR Million in January of 2026. Current Account in Spain is expected to be 1780.00 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 2600.00 EUR Million in 2027 and 2400.00 EUR Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-27 09:00 AM
Current Account
Dec €1.8B €0.21B €2.0B
2026-03-31 08:00 AM
Current Account
Jan €2.73B €2.81B €2.9B
2026-04-30 08:00 AM
Current Account
Feb €2.73B


Related Last Previous Unit Reference
Balance of Trade -4010000.00 -5570000.00 EUR Thousand Jan 2026
Capital Flows 6320.00 17674.00 EUR Million Jan 2026
Current Account 2730.00 2809.00 EUR Million Jan 2026
Exports 28927000.00 30161000.00 EUR Thousand Jan 2026
External Debt 2758457.00 2693942.00 EUR Million Dec 2025
Foreign Direct Investment -166.00 -11939.00 EUR Million Jan 2026
Imports 32937000.00 35734100.00 EUR Thousand Jan 2026
Remittances 4207.00 3788.00 EUR Million Dec 2025
Tourism Revenues 6016.00 6533.00 EUR Million Jan 2026


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
2730.00 2809.00 7343.00 -12138.00 1969 - 2026 EUR Million Monthly

News Stream
Spain Current Account Surplus Falls in January
Spain’s current account surplus declined to EUR 2.7 billion in January 2026 from EUR 3.1 billion in the same month a year ago, according to preliminary data. The balance of primary income, which includes income from work, investment, taxes on production and imports, and subsidies, and secondary income, covering personal transfers, current taxes, social contributions, and benefits, recorded a deficit of EUR 1.4 billion, compared with a surplus of EUR 1.2 billion in the previous year. Meanwhile, the goods and services surplus rose significantly to EUR 4.1 billion from EUR 1.9 billion in January 2025. Within this segment, the tourism sector played a fundamental role, contributing a surplus of €4.1 billion compared to €3.8 billion in January 2025.
2026-03-31
Spain Current Account Surplus Narrows Slightly
Spain’s current account surplus narrowed slightly to EUR 1800 million in December 2025 from EUR 1828 a year earlier, according to preliminary data. The primary and secondary income account recorded a EUR 127 million deficit, compared with a EUR 327 million surplus a year earlier. On the other hand, the goods and services surplus rose to EUR 1927 million from EUR 1501 million. Considering the full 2025, the current account surplus totaled EUR 48.7 billion, compared with EUR 50.7 billion in 2024.
2026-02-27
Spain Current Account Surplus Narrows Sharply
Spain’s current account surplus narrowed sharply to EUR 0.21 billion in November 2025, down from EUR 2.48 billion a year earlier, according to preliminary data. The goods and services surplus fell to EUR 2.36 billion from EUR 2.92 billion, despite stronger tourism revenues, which rose to EUR 6.36 billion from EUR 6.11 billion. At the same time, the primary and secondary income deficit widened to EUR 2.16 billion from EUR 0.44 billion. Over the first eleven months of the year, the current account surplus totaled EUR 46.91 billion, compared with EUR 48.85 billion in the same period of 2024.
2026-01-30