Current Account Balance: Spain
Spain's current account balance is currently 2.6 % of GDP as of 2026. # Spain Current Account Balance Spain's current account balance reached 2.
Current (2026)
2.6 % of GDP
-3.7% y/y
Peak (2024)
3.2 % of GDP
Low (2007)
-9.4 % of GDP
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Current Account Balance — Spain
1980 — 2026
Current Account Balance — Spain
Analysis# Spain Current Account Balance
Spain's current account balance reached 2.6% of GDP in 2026, reflecting a sustained recovery from its historical crisis. The metric peaked at 3.2% of GDP in 2024 and remains far removed from the devastating -9.4% low recorded in 2007 during the financial crisis. Since 1980, Spain's current account has improved by 213%, demonstrating a dramatic structural shift in the country's external economic position over four decades.
The 2007-2020 period marked Spain's darkest stretch, with persistent deficits stemming from the property bubble and subsequent recession. Recovery began in earnest after 2021, accelerating through 2023-2024 as exports strengthened and the economy rebalanced. The slight moderation from 3.2% to 2.6% between 2024 and 2026 suggests stabilization at healthy levels rather than deterioration, positioning Spain with a structurally sound external account moving forward.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 1.8 % of GDP | -10.00% |
| 2029 | 2 % of GDP | -13.04% |
| 2028 | 2.3 % of GDP | -11.54% |
| 2027 | 2.6 % of GDP | +0.00% |
| 2026 | 2.6 % of GDP | -3.70% |
| 2025 | 2.7 % of GDP | -15.63% |
| 2024 | 3.2 % of GDP | +18.52% |
| 2023 | 2.7 % of GDP | +575.00% |
| 2022 | 0.4 % of GDP | -50.00% |
| 2021 | 0.8 % of GDP | +0.00% |
| 2020 | 0.8 % of GDP | -61.90% |
| 2019 | 2.1 % of GDP | +10.53% |
| 2018 | 1.9 % of GDP | -32.14% |
| 2017 | 2.8 % of GDP | -9.68% |
| 2016 | 3.1 % of GDP | +55.00% |
| 2015 | 2 % of GDP | +11.11% |
| 2014 | 1.8 % of GDP | -14.29% |
| 2013 | 2.1 % of GDP | +950.00% |
| 2012 | 0.2 % of GDP | +107.69% |
| 2011 | -2.6 % of GDP | +27.78% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -3.6 % of GDP | +10.00% |
| 2009 | -4 % of GDP | +54.55% |
| 2008 | -8.8 % of GDP | +6.38% |
| 2007 | -9.4 % of GDP | -6.82% |
| 2006 | -8.8 % of GDP | -22.22% |
| 2005 | -7.2 % of GDP | -33.33% |
| 2004 | -5.4 % of GDP | -42.11% |
| 2003 | -3.8 % of GDP | -2.70% |
| 2002 | -3.7 % of GDP | +13.95% |
| 2001 | -4.3 % of GDP | -2.38% |
| 2000 | -4.2 % of GDP | -31.25% |
| 1999 | -3.2 % of GDP | -100.00% |
| 1998 | -1.6 % of GDP | -128.57% |
| 1997 | -0.7 % of GDP | +12.50% |
| 1996 | -0.8 % of GDP | +33.33% |
| 1995 | -1.2 % of GDP | +42.86% |
| 1994 | -2.1 % of GDP | -5.00% |
| 1993 | -2 % of GDP | +41.18% |
| 1992 | -3.4 % of GDP | +2.86% |
| 1991 | -3.5 % of GDP | -2.94% |
| 1990 | -3.4 % of GDP | -21.43% |
| 1989 | -2.8 % of GDP | -180.00% |
| 1988 | -1 % of GDP | — |
| 1987 | 0 % of GDP | -100.00% |
| 1986 | 1.5 % of GDP | +36.36% |
| 1985 | 1.1 % of GDP | -8.33% |
| 1984 | 1.2 % of GDP | +185.71% |
| 1983 | -1.4 % of GDP | +41.67% |
| 1982 | -2.4 % of GDP | +4.00% |
| 1981 | -2.5 % of GDP | -8.70% |
| 1980 | -2.3 % of GDP | — |
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