Spain’s current account surplus narrowed to EUR 2.04 billion in June 2020 from EUR 3.81 billion in the corresponding month of the previous year. The goods and services surplus dropped sharply to EUR 2.52 billion from EUR 4.86 billion a year earlier due to the negative impact of the coronavirus crisis on tourism revenues and trade. On the other hand, the primary income and secondary deficit decreased to EUR 0.48 billion from EUR 1.05 billion in June of 2019. Considering the first half of the year, the country's trade surplus went down to EUR 0.32 billion from EUR 8.59 billion in corresponding period of 2019.
Current Account in Spain averaged -926.25 EUR Million from 1969 until 2020, 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 September of 2020. source: Bank of Spain
Current Account in Spain is expected to be 900.00 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 2600.00 in 12 months time. In the long-term, the Spain Current Account is projected to trend around 1950.00 EUR Million in 2021 and 2480.00 EUR Million in 2022, according to our econometric models.