Spain’s current account surplus narrowed to EUR 1.77 billion in November 2018 from EUR 3.48 billion in the same month of the previous year. The goods and services surplus declined to EUR 1.83 billion from EUR 2.72 billion a year earlier, despite an increase in tourism revenues (EUR 3.93 billion from EUR 3.76 billion). Additionally, the primary and secondary income account shifted to EUR 0.06 deficit from EUR 0.76 billion surplus in November 2017. Considering the first eleven months of the year, the current account surplus decreased sharply to EUR 5.48 billion from EUR 16.45 billion. Current Account in Spain averaged -1131.60 EUR Million from 1969 until 2018, reaching an all time high of 5059 EUR Million in December of 2017 and a record low of -12368 EUR Million in January of 2008.

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 2920.00 in 12 months time. In the long-term, the Spain Current Account is projected to trend around 1940.00 EUR Million in 2020, according to our econometric models.

Spain Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-31 09:00 AM Current Account €1.83B €0.11B €2.9B
2018-11-30 09:00 AM Current Account €0.9B €1.83B €2.5B
2018-12-28 09:00 AM Current Account €0.3B €0.7B €1.1B
2019-01-31 09:20 AM Current Account €1.77B €0.3B €1.5B
2019-02-28 09:00 AM Current Account €1.77B € 2.8B
2019-03-28 08:10 AM Current Account €-1B
2019-04-30 08:00 AM Current Account €-1.6B


Spain Trade Last Previous Highest Lowest Unit
Balance of Trade -2568800.00 -3836527.00 634935.00 -9834766.00 EUR Thousand [+]
Current Account 1770.00 300.00 5059.00 -12368.00 EUR Million [+]
Current Account to GDP 1.90 1.90 1.90 -9.60 percent [+]
Imports 27849800.00 30249900.00 30249900.00 37437.07 EUR Thousand [+]
Exports 25281000.00 26413344.61 26413344.61 14286.06 EUR Thousand [+]
Terms of Trade 100.10 100.20 123.70 62.20 Index Points [+]
Foreign Direct Investment 1691.00 -9659.00 23250.00 -9659.00 EUR Million [+]
Capital Flows 6657.00 3873.00 17904.00 -11878.00 EUR Million [+]
Remittances 2552.00 3515.00 3590.00 732.00 EUR Million [+]
Tourist Arrivals 4367.28 4549.90 10493.44 1397.41 Thousand [+]
Gold Reserves 281.60 281.60 523.47 281.58 Tonnes [+]
Tourism Revenues 3934.00 6021.00 8015.00 890.00 EUR Million [+]
Terrorism Index 4.02 1.70 6.52 1.20 [+]
Weapons Sales 814.00 507.00 1429.00 2.00 USD Million [+]
External Debt 2003697000.00 1991484000.00 2003697000.00 618600000.00 EUR Thousand [+]
Crude Oil Production 2.00 2.00 17.00 1.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1770.00 300.00 5059.00 -12368.00 1969 - 2018 EUR Million Monthly




Country Last Previous
Argentina -7591.00 Sep/18
Australia -10688.00 Sep/18
Brazil -815.00 Dec/18
Canada -10343.00 Sep/18
China 546.00 Dec/18
Euro Area 23.25 Nov/18
France -1117.00 Dec/18
Germany 21000.00 Dec/18
India -19100.00 Sep/18
Indonesia -9148.00 Dec/18
Italy 4805.70 Nov/18
Japan 452.80 Dec/18
Mexico -5081.50 Sep/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 17796.10 Dec/18
South Africa -176577.00 Sep/18
South Korea 4819.30 Dec/18
Spain 1770.00 Nov/18
Switzerland 14596.00 Sep/18
Turkey -1437.00 Dec/18
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18


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