Spain Current Account to GDP

Spain recorded a Current Account deficit of 1.90 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Spain is reported by the Eurostat. From 1980 until 2012, Spain Current Account to GDP averaged -3.0 Percent reaching an all time high of 1.5 Percent in December of 1986 and a record low of -10.0 Percent in December of 2007. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Spain Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1.90 -3.70 1.50 -10.00 -0.91 | 2013/12 1980 - 2012 Percent Yearly

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Spain Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP -1.90 2012-12-31 -3.70 1.50 -10.00 -0.91 2013-12-31 Percent [+]
Foreign Direct Investment 3324.53 2014-01-15 3028.20 23218.65 -8235.20 1770.17 2014-02-28 EUR Million [+]
Remittances 1349.00 2013-11-15 1436.00 1609.00 252.00 1300.96 2014-03-31 EUR Million [+]
Terms of Trade 103.50 2014-01-15 99.70 123.70 62.20 101.33 2014-02-28 Index Points [+]
Tourist Arrivals 5689032.00 2014-02-15 5601122.00 14291908.00 2691102.00 6991269.38 2014-03-31 [+]
Current Account -3583.66 2014-01-15 2075.03 3203.00 -12219.92 -1197.93 2014-02-28 EUR Million [+]
Balance of Trade -1622200.00 2014-02-15 -2818273.00 634935.00 -9834766.00 -2128196.27 2014-03-31 EUR Thousand [+]
Exports 19325388.71 2014-02-15 18434420.00 21464846.04 14286.06 20139931.96 2014-03-31 Thousand EUR [+]
Imports 20947600.00 2014-02-15 21252693.00 26017059.86 37437.07 20959676.24 2014-03-31 EUR Thousand [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


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Spanish consumer prices stayed flat year-on-year in February of 2014, compared to a rise of 0.2 percent a month earlier and a preliminary estimate of a 0.1 percent fall.
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