Spain Current Account

Info

History

Chart

Impact:

Low

Latest Release:

Surprise:

EUR1.01B

Actual:

€2.31B

Forecast: €1.3B

Previous/Revision:

€1.2B

Period: Apr 2025

Next Release:

Forecast: €4.9B

Period: May 2025

What Does It Measure?

The Spain Current Account measures the value difference between Spain's national exports and imports of goods, services, income, and current transfers over a specific period. It focuses on the country's trade balance and net income flows, with components such as trade in goods and services and cross-border investments affecting the balance; a positive current account indicates a surplus, while a negative indicates a deficit, and it serves as a national economic indicator.

Frequency

The Spain Current Account is released monthly, typically presenting figures two months after the reporting period, with adjustments and revisions possible in subsequent releases.

Why Do Traders Care?

Traders pay close attention to the Spain Current Account because it reflects the country's foreign economic interactions, influencing the strength of the euro and other associated financial markets. A surplus can be bullish for the euro as it indicates more foreign currency is being converted into euros, whereas a deficit might weaken the currency, affecting investor sentiment and economic forecasts.

What Is It Derived From?

The indicator is derived from a detailed compilation of data from trade figures, income earned from abroad, and current transfers, sourced from organizations involved in cross-border economic activities. Calculations rely on comprehensive reporting from businesses, financial institutions, and international transactions, utilizing standardized accounting methods to ensure consistency and accuracy.

Description

The Current Account report for Spain comprises preliminary and revised data, where the preliminary data reflects initial estimates drawn from early reports, while the final version is based on more complete datasets. Preliminary figures are closely watched by financial markets due to their timeliness, often leading to immediate market reactions, while the final figures may adjust or corroborate these initial market trends. This monthly data is examined on a month-over-month basis to track evolving economic conditions and trading patterns, providing insights into short-term changes that might impact broader economic trends. For comprehensive outlooks, year-over-year comparisons provide a clearer picture by eliminating seasonal fluctuations, essential for understanding longer-term shifts in Spain's global trade position.

Additional Notes

The Spain Current Account is considered a coincident indicator, reflecting current economic conditions and trends in international trade and finance. Its interplay with other factors, such as domestic fiscal policies and global market structures, can offer insights into regional economic stability and external economic pressures.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for Euro, Bullish for Spanish stocks. Lower than expected: Bearish for Euro, Bearish for Spanish stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the ‘Actual’ value differs enough from the forecast or if the ‘Previous’ value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the ‘Actual’ deviates from the forecast or there’s a notable revision to the ‘Previous’ value.

Medium Potential Impact
This event is unlikely to affect market pricing unless there’s an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency.

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Apr 30, 2025	€2.31B	€1.3B	€1.2B	€1.01B
Mar 31, 2025	€1.2B	€3.2B	€1.67B	€-2B
Feb 28, 2025	€1.3B	€2.7B	€1.26B	€-1.4B
Jan 31, 2025	€1.26B	€5B	€4.93B	€-3.74B
Dec 30, 2024	€4.9B	€4.3B	€3.6B	€0.6B
Nov 29, 2024	€4.1B	€4.3B	€5.63B	€-0.2B
Oct 31, 2024	€5.63B	€5.7B	€5.79B	€-0.07B
Sep 30, 2024	€5.79B	€5.3B	€5.78B	€0.49B
Aug 30, 2024	€5.02B	€4.5B	€5.56B	€0.52B
Jul 31, 2024	€5.56B	€5.8B	€2.83B	€-0.24B
Jun 28, 2024	€2.83B	€3.6B	€3.97B	€-0.77B
May 31, 2024	€3.29B	€5.6B	€1.9B	€-2.31B
Apr 30, 2024	€1.9B	€3.4B	€5.13B	€-1.5B
Mar 27, 2024	€5.13B	€2.1B	€1.54B	€3.03B
Feb 29, 2024	€1.07B	€3.3B	€2.77B	€-2.23B
Jan 31, 2024	€2.77B	€5.1B	€3.77B	€-2.33B
Dec 29, 2023	€3.77B	€4B	€2.97B	€-0.23B
Nov 30, 2023	€3.45B	€4.4B	€4.19B	€-0.95B
Oct 31, 2023	€4.19B	€2.5B	€4.27B	€1.69B
Sep 29, 2023	€4.27B	€1.5B	€3B	€2.77B
Aug 31, 2023	€2.83B	€4.13B	€3.99B	€-1.3B
Jul 31, 2023	€3.99B	€5.1B	€1.84B	€-1.11B
Jun 30, 2023	€1.84B	€4.02B	€5.65B	€-2.18B
May 31, 2023	€5.58B	€1.3B	€2.29B	€4.28B
Apr 28, 2023	€2.29B	€2.2B	€3.27B	€0.09B
Mar 31, 2023	€3.27B	€-0.5B	€1.2B	€3.77B
Feb 28, 2023	€1.7B	€2.3B	€5.64B	€-0.6B
Jan 31, 2023	€5.64B	€1.5B	€2.7B	€4.14B
Dec 30, 2022	€2.7B	€1.1B	€0.68B	€1.6B
Nov 30, 2022	€0.36B	€0.1B	€-0.11B	€0.26B
Oct 31, 2022	€-0.11B	€0.7B	€1.34B	€-0.81B
Sep 30, 2022	€1.34B	€1.8B	€0.5B	€-0.46B
Aug 31, 2022	€0.04B	€1.2B	€2.85B	€-1.16B
Jul 29, 2022	€2.85B	€-0.9B	€-0.48B	€3.75B
Jun 30, 2022	€-0.48B	€-0.5B	€0.3B	€0.02B
May 31, 2022	€1.2B	€-1.4B	€0.25B	€2.6B
Apr 29, 2022	€0.25B	€-1.2B	€-2.6B	€1.45B
Mar 31, 2022	€-2.6B	€-1.7B	€-1.31B	€-0.9B
Feb 28, 2022	€-1.31B	€0.25B	€1.01B	€-1.56B
Jan 31, 2022	€1.01B	€3.3B	€2.14B	€-2.29B
Dec 30, 2021	€2.1B	€2.5B	€1.21B	€-0.4B
Nov 30, 2021	€2.22B	€0.35B	€0.98B	€1.87B
Oct 29, 2021	€0.98B	€1.5B	€2.49B	€-0.52B
Sep 30, 2021	€2.49B	€0.8B	€0.64B	€1.69B
Aug 31, 2021	€0.28B	€1.8B	€0.9B	€-1.52B
Jul 30, 2021	€0.9B	€1.5B	€0.4B	€-0.6B
Jun 30, 2021	€0.4B	€1.2B	€0.5B	€-0.8B
May 31, 2021	€-0.16B	€-0.2B	€-1.71B	€0.04B
Apr 30, 2021	€-1.71B	€1B	€-1.01B	€-2.71B
Mar 31, 2021	€-1.01B	€-2B	€0.53B	€0.99B
Feb 26, 2021	€0.73B	€1.04B	€3.34B	€-0.31B
Jan 29, 2021	€3.34B	€1.5B	€1.29B	€1.84B
Dec 30, 2020	€1.29B	€0.8B	€-0.3B	€0.49B
Nov 30, 2020	€0.3B	€0.9B	€1.35B	€-0.6B
Oct 30, 2020	€1.35B	€3.6B	€1.45B	€-2.25B
Sep 30, 2020	€1.45B	€1.9B	€1.97B	€-0.45B
Aug 31, 2020	€2.04B	€-0.8B	€0.75B	€2.84B
Jul 31, 2020	€0.75B	€-3.8B	€-1.53B	€4.55B
Jun 30, 2020	€-1.53B	€-0.45B	€-0.33B	€-1.08B
May 29, 2020	€-1.05B	€1.1B	€1.33B	€-2.15B
Apr 30, 2020	€1.33B	€-2B	€-1.73B	€3.33B
Mar 31, 2020	€-1.73B	€-0.37B	€2.2B	€-1.36B
Feb 28, 2020	€2.21B	€7.27B	€3.35B	€-5.06B
Jan 31, 2020	€3.35B	€2.94B	€2.83B	€0.41B
Dec 30, 2019	€2.83B	€1.59B	€0.89B	€1.24B
Nov 29, 2019	€0.74B	€1.12B	€3.32B	€-0.38B
Oct 31, 2019	€3.32B	€-0.04B	€3.24B	€3.36B
Sep 30, 2019	€3.24B	€0.23B	€3.84B	€3.01B
Aug 30, 2019	€2.05B	€1.5B	€2.7B	€0.55B
Jun 28, 2019	€-0.41B	€-0.68B	€-0.11B	€0.27B
May 31, 2019	€0.03B	€0.7B	€-2.77B	€-0.67B
Apr 30, 2019	€-2.77B	€-1.13B	€-1.47B	€-1.64B
Mar 29, 2019	€-1.47B	€-1B	€4.15B	€-0.47B
Feb 28, 2019	€4.67B	€2.8B	€1.77B	€1.87B
Jan 31, 2019	€1.77B	€1.5B	€0.3B	€0.27B
Dec 28, 2018	€0.3B	€1.1B	€0.7B	€-0.8B
Nov 30, 2018	€0.9B	€2.5B	€1.83B	€-1.6B
Oct 31, 2018	€1.83B	€2.9B	€0.11B	€-1.07B
Sep 28, 2018	€0.11B	€2.7B	€0.98B	€-2.59B
Aug 31, 2018	€0.49B	€2.3B	€2.44B	€-1.81B
Jul 31, 2018	€2.44B	€2.9B	€-1.52B	€-0.46B
Jun 29, 2018	€-1.516B	€1.2B	€0.287B	€-2.716B
May 31, 2018	€0.904B	€0.9B	€-0.45B	€0.004B
Apr 30, 2018	€-0.45B	€-0.8B	€-0.45B	€0.35B
Mar 28, 2018	€-0.45B	€-0.2B	€3.57B	€-0.25B
Feb 28, 2018	€2.64B	€3.2B	€3.04B	€-0.56B
Jan 31, 2018	€3.04B	€2.9B	€1.68B	€0.14B
Dec 29, 2017	€1.68B	€1.9B	€2.13B	€-0.22B
Nov 30, 2017	€2.36B	€2.4B	€2.62B	€-0.04B
Oct 31, 2017	€2.62B	€2.51B	€2.97B	€0.11B
Sep 29, 2017	€2977M	€2221M	€2177M	€756M
Aug 31, 2017	€1411M	€1729M	€2569M	€-318M
Jul 31, 2017	€2569M	€851M	€448M	€1718M
Jun 30, 2017	€448M	€2658M	€552M	€-2210M
May 31, 2017	€1320M	€1202M	€-223M	€118M
Apr 28, 2017	€-223M	€-930M	€409M	€707M
Mar 31, 2017	€409M	€-286M	€3666M	€695M
Feb 28, 2017	€3400M	€4060M	€3300M	€-660M
Jan 31, 2017	€3300M	€2159.4M	€2008M	€1140.6M
Dec 30, 2016	€2008M	€2569.8M	€1496M	€-561.8M
Nov 30, 2016	€1473M	€2678.5M	€2862M	€-1205.5M
Oct 31, 2016	€2862M	€2791M	€3038M	€71M
Sep 30, 2016	€3038M	€2905.2M	€2046M	€132.8M
Aug 31, 2016	€1996M	€3027.1M	€2842M	€-1031.1M
Jul 29, 2016	€2842M	€3141.5M	€2635M	€-299.5M
Jun 30, 2016	€2635M	€3287.9M	€944M	€-652.9M
May 31, 2016	€836M	€-1063.6M	€-1455M	€1899.6M
Apr 29, 2016	€-1455M	€3635.3M	€-664M	€-5090.3M
Mar 31, 2016	€-664M	€1749.5M	€4489M	€-2413.5M
Feb 29, 2016	€4489M	€1545.4M	€2110M	€2943.6M
Jan 29, 2016	€2110M	€1557.4M	€2388M	€552.6M
Dec 30, 2015	€2388M	€166.7M	€1695M	€2221.3M
Nov 30, 2015	€1886M	€1683.3M	€1653M	€202.7M
Oct 30, 2015	€1653M	€839.2M	€2985M	€813.8M
Sep 30, 2015	€2985M	€345.3M	€1336M	€2639.7M
Aug 31, 2015	€1336M	€1075.2M	€1151M	€260.8M
Jul 31, 2015	€1151M	€-387.3M	€-232M	€1538.3M
Jun 30, 2015	€-232M	€89.4M	€936M	€-321.4M
May 29, 2015	€946M	€ 1.1B	€-2.03B