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. 2014-04-23

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 101.90 2014-02-15 103.50 123.70 62.20 101.33 2014-02-28 Index Points [+]
Tourist Arrivals 6960816.00 2014-03-15 5689032.00 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 -1622215.00 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 fell by an annual 0.1 percent in March of 2014, less than a preliminary estimate of a 0.2 percent drop and compared to a flat reading in February.
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In January of 2014, Spanish trade gap decreased 19.5 percent over a year earlier to € 2.81 billion. In contrast, the trade deficit widened 54 percent over December, as imports surged, signaling a recovery in domestic demand.
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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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In February of 2014, Spanish annual inflation rate is expected to fall 0.1 percent, preliminary data from the National Statistics Institute showed. It is the first time since October last year prices have fallen.
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In the last three months of 2013, the Spanish economy expanded 0.2 percent over the previous period, down from a 0.3 percent growth initially estimated. Still, Q4 economic growth was slightly faster than the 0.1 percent expansion recorded in the third quarter.
Spanish Trade Deficit Narrows 48.1% in 2013  
In 2013, Spanish trade deficit narrowed to € 15.96 billion, as exports hit a new record for the third straight year and imports fell. In 2012, the trade deficit was recorded at € 32 billion.
Spanish Inflation Slowdown Confirmed in January  
In the first month of 2014, Spain’s annual inflation rate slowed to 0.2 percent, one tenth lower than the rate registered in the previous month. This is the lowest rate for the month of January since the series started in 1961.
Spanish Inflation Rate Slows in January  
In January of 2014, Spanish national CPI eased to 0.2 percent, down from 0.3 percent in the last month of 2013, remaining well below European Central Bank target.
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