Spain Current Account Surplus Falls in January

2026-03-31 10:15 By Luisa Carvalho 1 min. read

Spain’s current account surplus declined to EUR 2.7 billion in January 2026 from EUR 3.1 billion in the same month a year ago, according to preliminary data.

The balance of primary income, which includes income from work, investment, taxes on production and imports, and subsidies, and secondary income, covering personal transfers, current taxes, social contributions, and benefits, recorded a deficit of EUR 1.4 billion, compared with a surplus of EUR 1.2 billion in the previous year.

Meanwhile, the goods and services surplus rose significantly to EUR 4.1 billion from EUR 1.9 billion in January 2025.

Within this segment, the tourism sector played a fundamental role, contributing a surplus of €4.1 billion compared to €3.8 billion in January 2025.



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Spain Current Account Surplus Falls in January
Spain’s current account surplus declined to EUR 2.7 billion in January 2026 from EUR 3.1 billion in the same month a year ago, according to preliminary data. The balance of primary income, which includes income from work, investment, taxes on production and imports, and subsidies, and secondary income, covering personal transfers, current taxes, social contributions, and benefits, recorded a deficit of EUR 1.4 billion, compared with a surplus of EUR 1.2 billion in the previous year. Meanwhile, the goods and services surplus rose significantly to EUR 4.1 billion from EUR 1.9 billion in January 2025. Within this segment, the tourism sector played a fundamental role, contributing a surplus of €4.1 billion compared to €3.8 billion in January 2025.
2026-03-31
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Spain’s current account surplus narrowed slightly to EUR 1800 million in December 2025 from EUR 1828 a year earlier, according to preliminary data. The primary and secondary income account recorded a EUR 127 million deficit, compared with a EUR 327 million surplus a year earlier. On the other hand, the goods and services surplus rose to EUR 1927 million from EUR 1501 million. Considering the full 2025, the current account surplus totaled EUR 48.7 billion, compared with EUR 50.7 billion in 2024.
2026-02-27
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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.
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