Spain recorded a current account surplus of €5,625 million in August 2024, higher than €5,171 million in the corresponding month of the previous year. Current Account in Spain averaged -704.23 EUR Million from 1969 until 2024, reaching an all time high of 6198.00 EUR Million in May of 2024 and a record low of -12201.00 EUR Million in January of 2008. source: Bank of Spain

Spain recorded a Current Account surplus of 5630 EUR Million in August of 2024.

Spain recorded a Current Account surplus of 5630 EUR Million in August of 2024. Current Account in Spain is expected to be 2700.00 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 2500.00 EUR Million in 2025 and 5800.00 EUR Million in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-09-30 08:30 AM
Current Account
Jul €5.79B €5.78B €5.3B
2024-10-31 09:00 AM
Current Account
Aug €5.63B €5.79B €5.7B
2024-11-29 09:00 AM
Current Account
Sep €5.63B €4.3B


Related Last Previous Unit Reference
Balance of Trade -3291300.00 -4763441.00 EUR Thousand Sep 2024
Capital Flows 5474.00 5128.00 EUR Million Aug 2024
Current Account 5625.00 5789.00 EUR Million Aug 2024
Exports 31596900.00 26833929.00 EUR Thousand Sep 2024
External Debt 2510276.00 2510809.00 EUR Million Jun 2024
Foreign Direct Investment 5024.00 174.00 EUR Million Aug 2024
Imports 34888200.00 31597370.00 EUR Thousand Sep 2024
Remittances 4004.00 7339.00 EUR Million Jun 2024
Tourism Revenues 12249.00 12315.00 EUR Million Aug 2024

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
5625.00 5789.00 6198.00 -12201.00 1969 - 2024 EUR Million Monthly


News Stream
Spain Current Account Surplus Largest in Over a Year
Spain recorded a current account surplus of €5,555 million in May 2024, well above €4,033 million in the corresponding month of the previous year. This marked the largest current account surplus since March 2023, as goods and services account surplus increased to €8,971 million from €6,665 million a year earlier. Meanwhile, primary and secondary income deficit widened to €3,416 million in May 2024 from €2,631 million in the same month a year ago.
2024-07-31
Spain Current Account Surplus Widens in April
Spain recorded a current account surplus of €2,834 million in April 2024, above a €1,694 million surplus a year earlier. The goods and services surplus rose to €5,304 million from €4,081 million, with the tourism sector recording a surplus of €6,158 million compared to €5,412 million a year earlier. Excluding the tourism sector, the goods and services account posted a €854 million deficit. Meanwhile, the primary and secondary income deficit increased to €2,470 million from €2,387 million.
2024-06-28
Spain Current Account Surplus Falls
Spain recorded a current account surplus of €3,285 million in March 2024, well below a €5,911 million surplus in the corresponding month of the previous year. The goods and services surplus narrowed (€5,244 million vs €6,741 million) and the primary and secondary income deficit widened sharply (€1,959 million vs €830 million). On the other hand, the tourism account recorded a €5,100 million surplus, above €3,900 million a year earlier. Considering the first three months of the year, the current account surplus was €10,300 million, compared to €10,500 million in the first quarter of 2023.
2024-05-31