Current account balance as a proportion of gdp in Spain
Spain: Current account balance as a proportion of gdp was 2.65 in 2023. ◆ Volatile
Latest (2023)
2.65
Change on year
up 754.8%
World rank
47th
of 191 countries
All-time high
3.16
in 2016
All-time low
-9.43
in 2007
Years of data
24
2000–2023
Current account balance as a proportion of gdp in Spain, 2000–2023
Source: Our World in Data.
Analysis
Spain recorded 2.65 for current account balance as a proportion of gdp in 2023.
That represents a change of up 754.8% on the previous year and up 27.4% over ten years.
Over the whole period, current account balance as a proportion of gdp in Spain peaked at 3.16 in 2016 and was at its lowest, -9.43, in 2007.
That places Spain 47th out of 191 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of gdp in Spain, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -4.34 | — |
| 2001 | -4.39 | +1.2% |
| 2002 | -3.7 | -15.7% |
| 2003 | -3.87 | +4.6% |
| 2004 | -5.48 | +41.6% |
| 2005 | -7.27 | +32.7% |
| 2006 | -8.84 | +21.6% |
| 2007 | -9.43 | +6.7% |
| 2008 | -8.91 | -5.5% |
| 2009 | -4.04 | -54.7% |
| 2010 | -3.66 | -9.4% |
| 2011 | -2.69 | -26.5% |
| 2012 | 0.06 | -102.2% |
| 2013 | 2.08 | +3366.7% |
| 2014 | 1.74 | -16.3% |
| 2015 | 2.04 | +17.2% |
| 2016 | 3.16 | +54.9% |
| 2017 | 2.83 | -10.4% |
| 2018 | 1.86 | -34.3% |
| 2019 | 2.12 | +14.0% |
| 2020 | 0.82 | -61.3% |
| 2021 | 0.77 | -6.1% |
| 2022 | 0.31 | -59.7% |
| 2023 | 2.65 | +754.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -6.03 | -9.43 | -3.7 | 10 |
| 2010s | 0.954 | -3.66 | 3.16 | 10 |
| 2020s | 1.14 | 0.31 | 2.65 | 4 |
Countries ranked near Spain
- 44 Saudi Arabia 3.19 compare
- 45 Guatemala 3.09 compare
- 46 Jamaica 3 compare
- 48 Lao People's Democratic Republic 2.55 compare
- 49 Russian Federation 2.48 compare
- 50 Nepal 2.44 compare
More economy & growth data for Spain
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.77 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.62 Percent per annum (2029)
- Gross domestic savings (current US$), annual growth rate 10.04 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2523 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 9,747 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 5.4 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 0.2233 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 8,626 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 11.79 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.961 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Spain?
- Current account balance as a proportion of gdp in Spain was 2.65 in 2023, according to Our World in Data.
- What is the highest current account balance as a proportion of gdp recorded in Spain?
- The highest recorded value was 3.16 in 2016.
- What is the lowest current account balance as a proportion of gdp recorded in Spain?
- The lowest recorded value was -9.43 in 2007.
- How does Spain rank for current account balance as a proportion of gdp?
- Spain ranks 47th out of 191 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Spain?
- Over the last ten years it is up 27.4%. The long-run trend across the full record is volatile.
- Where does this Spain data come from?
- The figures come from Our World in Data, published as part of Current account balance as a proportion of gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).