Spain's current account surplus widened to EUR 2.05 billion in June 2019 from EUR 1.53 billion in the same month last year, as the goods and services surplus increased to EUR 3.96 billion from EUR 3.35 billion, with tourism revenues rising to EUR 6.78 billion (vs EUR 6.52 billion in June 2018). Meanwhile, the primary and secondary income deficit widened to EUR 1.91 billion from EUR 1.82 billion. Considering January-June, the current account posted a EUR 1.20 billion gap, compared to a EUR 1.64 billion surplus in the same period of 2018. Current Account in Spain averaged -1111.18 EUR Million from 1969 until 2019, 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 800.00 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 1420.00 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.