Spain’s current account surplus narrowed sharply to EUR 0.21 billion in November 2025, down from EUR 2.48 billion a year earlier, according to preliminary data. The goods and services surplus fell to EUR 2.36 billion from EUR 2.92 billion, despite stronger tourism revenues, which rose to EUR 6.36 billion from EUR 6.11 billion. At the same time, the primary and secondary income deficit widened to EUR 2.16 billion from EUR 0.44 billion. Over the first eleven months of the year, the current account surplus totaled EUR 46.91 billion, compared with EUR 48.85 billion in the same period of 2024. source: Bank of Spain

Spain recorded a Current Account surplus of 205 EUR Million in November of 2025. Current Account in Spain averaged -577.62 EUR Million from 1969 until 2025, reaching an all time high of 7180.00 EUR Million in October of 2025 and a record low of -12138.00 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 February of 2026.

Spain recorded a Current Account surplus of 205 EUR Million in November of 2025. Current Account in Spain is expected to be 1780.00 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 2600.00 EUR Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-30 09:00 AM
Current Account
Oct €7.18B €4.16B €2.6B
2026-01-30 09:00 AM
Current Account
Nov €0.21B €7.18B €5.1B
2026-02-27 09:00 AM
Current Account
Dec €0.21B €2.0B


Related Last Previous Unit Reference
Balance of Trade -5570000.00 -5682000.00 EUR Thousand Dec 2025
Capital Flows -2751.00 8069.00 EUR Million Nov 2025
Current Account 205.00 7180.00 EUR Million Nov 2025
Exports 30161000.00 32158000.00 EUR Thousand Dec 2025
External Debt 2683977.00 2645372.00 EUR Million Sep 2025
Foreign Direct Investment 3460.00 8001.00 EUR Million Nov 2025
Imports 35734100.00 37840000.00 EUR Thousand Dec 2025
Remittances 3803.00 4211.00 EUR Million Sep 2025
Tourism Revenues 6359.00 9809.00 EUR Million Nov 2025


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).
Actual Previous Highest Lowest Dates Unit Frequency
205.00 7180.00 7180.00 -12138.00 1969 - 2025 EUR Million Monthly

News Stream
Spain Current Account Surplus Narrows Sharply
Spain’s current account surplus narrowed sharply to EUR 0.21 billion in November 2025, down from EUR 2.48 billion a year earlier, according to preliminary data. The goods and services surplus fell to EUR 2.36 billion from EUR 2.92 billion, despite stronger tourism revenues, which rose to EUR 6.36 billion from EUR 6.11 billion. At the same time, the primary and secondary income deficit widened to EUR 2.16 billion from EUR 0.44 billion. Over the first eleven months of the year, the current account surplus totaled EUR 46.91 billion, compared with EUR 48.85 billion in the same period of 2024.
2026-01-30
Spain Posts Largest Current Account Surplus on Record
Spain’s current account surplus widened to EUR 7.18 billion in October 2025, up from EUR 4.87 billion a year earlier, according to preliminary data. This was the largest current account surplus since available records began in January 1969, as the goods and services surplus increased to EUR 7.50 billion from EUR 6.91 billion, on stronger tourism revenues, which rose to EUR 9.81 billion from EUR 9.14 billion. At the same time, the primary and secondary income deficit shrank markedly to EUR 0.33 billion from EUR 2.04 billion. Considering the January-October period of 2025, the country's current account surplus decreased slightly to EUR 51 billion from EUR 52.7 billion in the same period a year ago.
2025-12-30
Spain's Current Account Surplus Shrinks in September
Spain’s current account surplus narrowed to EUR 1.87 billion in September 2025, down from EUR 3.45 billion a year earlier, according to preliminary data. The goods and services surplus fell to EUR 3.12 billion from EUR 4.86 billion, despite stronger tourism revenues, which rose to EUR 10.36 billion from EUR 9.79 billion. At the same time, the primary and secondary income deficit improved slightly, narrowing to EUR 1.24 billion from EUR 1.41 billion. Over the first nine months of the year, the current account surplus totaled EUR 37.85 billion, compared with EUR 41.50 billion in the same period of 2024.
2025-11-28