Current account balance in Spain
Spain: Current account balance was 2.9% in 2025. ◆ Volatile
Current account balance in Spain, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, current account balance in Spain stood at 2.9%.
The figure is down 7.7% on the previous year and up 44.2% over ten years.
Over the whole period, current account balance in Spain peaked at 3.2% in 2024 and was at its lowest, -9.4%, in 2007.
That places Spain 55th out of 199 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Spain, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | -3.4% | — |
| 1976 | -3.9% | +15.0% |
| 1977 | -1.9% | -52.5% |
| 1978 | 0.8% | -142.0% |
| 1979 | 0.4% | -54.7% |
| 1980 | -2.4% | -780.0% |
| 1981 | -2.6% | +10.3% |
| 1982 | -2.3% | -12.2% |
| 1983 | -1.8% | -24.0% |
| 1984 | 1.0% | -158.6% |
| 1985 | 1.5% | +49.2% |
| 1986 | 1.6% | +1.1% |
| 1987 | -0.1% | -105.3% |
| 1988 | -1.0% | +1120.7% |
| 1989 | -2.6% | +161.0% |
| 1990 | -3.4% | +27.4% |
| 1991 | -3.4% | +2.2% |
| 1992 | -3.4% | -0.5% |
| 1993 | -1.1% | -67.6% |
| 1994 | -1.2% | +9.0% |
| 1995 | -0.3% | -73.4% |
| 1996 | -0.3% | +8.6% |
| 1997 | -0.1% | -59.6% |
| 1998 | -1.2% | +733.1% |
| 1999 | -3.2% | +174.5% |
| 2000 | -4.3% | +32.4% |
| 2001 | -4.3% | +1.6% |
| 2002 | -3.6% | -16.0% |
| 2003 | -3.8% | +4.7% |
| 2004 | -5.4% | +42.5% |
| 2005 | -7.2% | +33.0% |
| 2006 | -8.8% | +21.9% |
| 2007 | -9.4% | +6.5% |
| 2008 | -8.8% | -5.9% |
| 2009 | -3.9% | -55.3% |
| 2010 | -3.6% | -9.2% |
| 2011 | -2.6% | -27.6% |
| 2012 | 0.1% | -104.9% |
| 2013 | 2.1% | +1550.2% |
| 2014 | 1.7% | -16.5% |
| 2015 | 2.0% | +17.3% |
| 2016 | 3.2% | +55.0% |
| 2017 | 2.8% | -10.4% |
| 2018 | 1.9% | -34.2% |
| 2019 | 2.1% | +13.9% |
| 2020 | 0.8% | -61.4% |
| 2021 | 0.8% | -6.6% |
| 2022 | 0.4% | -50.4% |
| 2023 | 2.7% | +620.2% |
| 2024 | 3.2% | +16.5% |
| 2025 | 2.9% | -7.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.6% | -3.9% | 0.8% | 5 |
| 1980s | -0.9% | -2.6% | 1.6% | 10 |
| 1990s | -1.8% | -3.4% | -0.1% | 10 |
| 2000s | -6.0% | -9.4% | -3.6% | 10 |
| 2010s | 1.0% | -3.6% | 3.2% | 10 |
| 2020s | 1.8% | 0.4% | 3.2% | 6 |
Countries ranked near Spain
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)
- Services, value added (current US$), annual growth rate 9.6 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6836 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 26,404 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 4.98 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 0.6049 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 23,367 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 3.19 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5488 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance in Spain?
- Current account balance in Spain was 2.9% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Spain?
- The highest recorded value was 3.2% in 2024.
- What is the lowest current account balance recorded in Spain?
- The lowest recorded value was -9.4% in 2007.
- How does Spain rank for current account balance?
- Spain ranks 55th out of 199 countries with data for 2025.
- Is current account balance rising or falling in Spain?
- Over the last ten years it is up 44.2%. The long-run trend across the full record is volatile.
- Where does this Spain data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.