Spain's current account deficit narrowed to EUR 1.01 billion in January of 2021 from EUR 1.27 billion in the same month of the previous year. The goods and services account shifted to a deficit of EUR 6 million from a EUR 541 million surplus in the same period of 2020; and the primary and secondary income gap narrowed to EUR 1.01 billion from EUR 1.82 billion a year ago. source: Bank of Spain

Current Account in Spain averaged -901.24 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 April of 2021.

Current Account in Spain is expected to be 1980.00 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 1950.00 in 12 months time. 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

Actual Previous Highest Lowest Dates Unit Frequency
-1013.00 527.00 5765.00 -12201.00 1969 - 2021 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-12-30 09:00 AM Oct €1.29B €-0.3B €0.8B
2021-01-29 09:15 AM Nov €3.34B €1.29B €1.5B
2021-02-26 09:05 AM Dec €0.73B €3.34B €1.04B
2021-03-31 08:10 AM Jan €-1.01B €0.53B €-2.0B
2021-04-30 08:00 AM Feb €-1.01B
2021-05-28 08:00 AM Mar
2021-06-30 08:00 AM Apr
2021-07-30 08:00 AM May


News Stream
Spain Current Account Gap Narrows in January
Spain's current account deficit narrowed to EUR 1.01 billion in January of 2021 from EUR 1.27 billion in the same month of the previous year. The goods and services account shifted to a deficit of EUR 6 million from a EUR 541 million surplus in the same period of 2020; and the primary and secondary income gap narrowed to EUR 1.01 billion from EUR 1.82 billion a year ago.
2021-03-31
Spain Current Account Surplus Narrows in December
Spain's current account surplus fell to EUR 0.73 billion in December of 2020 from EUR 2.2 billion in the same month of the previous year. The goods and services surplus narrowed to EUR 0.8 billion from EUR 1.7 billion in the same period of 2019; and the primary and secondary income account shifted to a deficit of EUR 0.1 billion from EUR 0.5 billion a year ago.
2021-02-26
Spain Current Account Surplus Little Changed
Spain's current account surplus was little changed year-on-year at EUR 3.33 billion in November of 2020. It was the largest current account surplus since November of 2019, as the primary and secondary income surplus widened to EUR 1.11 billion from EUR 0.67 billion a year ago. Meanwhile, the goods and services surplus narrowed to EUR 2.22 billion from EUR 2.67 billion in the same period of 2019.
2021-01-29
Spain Current Account Surplus Narrows in October
Spain's current account surplus narrowed sharply to EUR 1.29 billion in October 2020, from EUR 2.77 billion in the same month last year, as the goods and services surplus declined to EUR 2.21 billion from EUR 3.81 billion due to falling tourism revenues (EUR 0.78 billion from EUR 6.21 billion). Meanwhile, the primary and secondary income deficit dropped to EUR 0.92 billion from EUR 1.04 billion a year earlier. Considering the first ten months of the year, the current account surplus plunged to EUR 3.97 billion from EUR 21.05 billion in the same period of 2019.
2020-12-30

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).