Spain's current account surplus widens to EUR 2.5 billion in July 2021, from EUR 1.8 billion in the same month last year. The goods and services surplus went to EUR 4.1 billion from EUR 3.2 billion a year ago, with tourism revenues (EUR 3.1 billion vs EUR 1.2 billion) recording the highest inflow since the beginning of the pandemics in March of 2020. Meanwhile, the primary and secondary income deficit widened to EUR 1.6 billion from EUR 1.4 billion. Considering the first seventh months of the year, the current account posted a EUR 4.6 billion surplus, from a EUR 3.9 billion surplus in the same period of 2020. source: Bank of Spain

Current Account in Spain averaged -882.49 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 October of 2021.

Current Account in Spain is expected to be 1480.00 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 2480.00 EUR Million in 2022 and 2220.00 EUR Million in 2023, according to our econometric models.

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Spain Current Account


Calendar GMT Actual Previous Consensus TEForecast
2021-06-30 08:00 AM Apr €0.4B €0.5B €1.2B
2021-07-30 08:10 AM May €0.9B €0.4B €1.5B
2021-08-31 08:00 AM Jun €0.28B €0.9B €1.8B
2021-09-30 08:10 AM Jul €2.49B €0.64B €0.8B
2021-10-29 08:00 AM Aug €2.49B €1.5B
2021-11-30 09:00 AM Sep
2021-12-30 09:00 AM Oct


News Stream
Spain Current Account Surplus Widens in July
Spain's current account surplus widens to EUR 2.5 billion in July 2021, from EUR 1.8 billion in the same month last year. The goods and services surplus went to EUR 4.1 billion from EUR 3.2 billion a year ago, with tourism revenues (EUR 3.1 billion vs EUR 1.2 billion) recording the highest inflow since the beginning of the pandemics in March of 2020. Meanwhile, the primary and secondary income deficit widened to EUR 1.6 billion from EUR 1.4 billion. Considering the first seventh months of the year, the current account posted a EUR 4.6 billion surplus, from a EUR 3.9 billion surplus in the same period of 2020.
2021-09-30
Spain Current Account Surplus Narrows in June
Spain's current account surplus narrowed sharply to EUR 0.28 billion in June 2021, from EUR 2.08 billion in the same month last year. The goods and services surplus fell to EUR 1.56 billion from EUR 2.57 billion a year ago, despite a sharp increase in tourism revenues (EUR 2.0 billion vs EUR 0.15 billion), while the primary and secondary income deficit widened to EUR 1.28 billion from EUR 0.49 billion. Considering the first half of the year, the current account posted a EUR 0.49 billion deficit in June, from a surplus of EUR 1.19 billion in the same period of 2020.
2021-08-31
Spain Current Account Swings to Surplus in April
Spain posted a current account surplus of EUR 398 million in April 2021, compared with a EUR 1,184 million deficit in the same month last year, following a recovery in global demand from the coronavirus crisis hit. The goods and services surplus widened to EUR 980 million from EUR 38 million last year, with tourism revenues increasing sharply to EUR 558 million from last year's slump. At the same time, the primary and secondary income deficit shrank to EUR 582 million from EUR 1,222 million. Considering the first four months of the year, the current account deficit was little-changed at EUR 1.66 billion.
2021-06-30
Spain Current Account Gap Narrows in March
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.
2021-05-31

Spain Last Unit Reference Previous Highest Lowest
Current Account 2491.00 EUR Million Jul/21 641.00 5765.00 -12201.00
Capital Flows 2817.00 EUR Million Jul/21 3033.00 14085.00 -11176.00
Foreign Direct Investment -7501.00 EUR Million Jul/21 5844.00 22976.00 -10696.00
Remittances 2859.00 EUR Million Jun/21 4293.00 4293.00 857.00
Tourism Revenues 4375.00 EUR Million Jul/21 2007.00 9408.00 0.00
External Debt 2297180000.00 EUR Thousand Jun/21 2270036000.00 2297180000.00 141746000.00


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).