Spain

SpainCurrent account

ES desk: Spain first; euro area, Germany, France, Italy, Portugal, United Kingdom and United States alongside.

2.94%

−0.24 pp

As of 2025 | % of GDP

Latest
2.94% 2025
Previous year
3.18% 2024
Min
-9.37% 2007
Max
3.18% 2024
YearValue
20252.94%
20243.18%
20232.73%
20220.38%
20210.77%
20200.82%
20192.12%
20181.86%
20172.83%
20163.16%
20152.04%
20141.74%
20132.08%
20120.13%
2011-2.59%
2010-3.58%
2009-3.94%
2008-8.82%
2007-9.37%
2006-8.79%
2005-7.21%
2004-5.42%
2003-3.81%
2002-3.63%
#CountryCurrent accountChangeYear
45Germany4.51%−1.39 pp202556Spain2.94%−0.24 pp2025
62Portugal2.08%+1.52 pp2024
72Italy1.15%+0.05 pp202584France-0.27%−0.36 pp2025110United Kingdom-2.43%+0.53 pp2025131United States-3.63%+0.42 pp2025

What the current account is

The current-account balance as a share of GDP (BN.CAB.XOKA.GD.ZS) is exports minus imports of goods and services, plus net primary income and current transfers, divided by GDP. A surplus means the economy is a net lender to the rest of the world. Latest: 2.94% in 2025.

A large surplus or deficit is not automatically good or bad; it depends on saving, investment and the exchange rate. From 1975 to 2025 (51 years): latest 2.94% (2025), previous year 3.18% (2024); low -9.37% (2007), high 3.18% (2024).

Source: World Bank Open Data. Licence: CC BY 4.0 (terms).