Spain Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Spain's current account balance was 2.65% in 2025, ranked 45th globally. This represents a 16.7% decrease from 2024. Data from World Bank, covering 1975–2025.
Overview
Spain's current account balance stood at 2.65% in 2025, a decline of +0.53% from 2024. The IMF projects 2.65% by 2025. Spain ranked 45th globally.
Spain's current account balance has exhibited significant fluctuations over the past five decades, with a marked improvement in recent years. The country's balance has risen from an all-time trough of -9.37 in 2007 to an all-time peak of 3.18 in 2024, illustrating a substantial shift in its trade dynamics. Notably, Spain's current account balance ranked 45th globally in 2025, with a value of 2.65. Compared to its peer countries, Spain's balance is surpassed only by Nauru, which posted a balance of 2.71 in 2025. The upward trend in Spain's current account balance is largely attributed to the country's efforts to diversify its exports and reduce its reliance on imports. However, a decline in global trade or a significant shift in the country's economic policies could potentially alter this trajectory, potentially leading to a reversal of the recent gains in Spain's current account balance.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 1.76% | - | - |
| 2029* IMF | 2.02% | - | - |
| 2028* IMF | 2.26% | - | - |
| 2027* IMF | 2.59% | - | - |
| 2026* IMF | 2.64% | - | - |
| 2025* IMF | 2.65% | - | - |
| 2025 | 2.65% | −0.53% | #45 |
| 2024 | 3.18% | +0.45% | #143 |
| 2023 | 2.73% | +2.31% | #147 |
| 2022 | 0.38% | −0.39% | #132 |
| 2021 | 0.77% | −0.02% | #128 |
| 2020 | 0.82% | −1.31% | #131 |
| 2019 | 2.12% | +0.24% | #140 |
| 2018 | 1.86% | −0.93% | #146 |
| 2017 | 2.83% | −0.32% | #153 |
| 2016 | 3.16% | +1.11% | #165 |
| 2015 | 2.04% | +0.26% | #151 |
| 2014 | 1.74% | −0.35% | #143 |
| 2013 | 2.08% | +1.92% | #149 |
| 2012 | 0.13% | +2.74% | #136 |
| 2011 | -2.59% | +0.97% | #106 |
Detected Pattern
Analysis
Spain matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw current account balance improve within 24 months. View full analysis →
Frequently Asked Questions
Spain's current account balance was 2.65% in 2025. Ranked 45th globally. This represents a 16.7% decrease from the previous year.
Spain's current account balance peaked at 3.18% in 2024.
The lowest current account balance in Spain was -9.37% in 2007.
Spain ranks 45th globally in current account balance as of 2025.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
Spain's current account balance is projected to reach 2.65% by 2025 based on IMF projection.
The current account balance of Spain in 2025 was 2.65%. This ranks 45th in the world.
Cite this page
@misc{historysaid_spain_current-account,
title = {Spain Current Account Balance},
url = {https://historysaid.com/spain/current-account/},
publisher = {HistorySaid},
year = {2026}
}