Current Account Surplus Plummets by More than 70 per Cent Despite Tourism Boom

The current account balance, which measures revenues and payments abroad for the exchange of goods, services, income and transfers, recorded a surplus of €1.4 billion in March, below the 5 billion of the same period of 2024, which means a collapse of 72%.According to data published by the Banco de España, the evolution of the current account balance in the third month of the year is explained, above all, by the worsening of the surplus of the ba…

Spain's external accounts, measures in the current account, have resulted in a surplus of 72% lower in March than in the same month of the previous year, according to data published this Friday by the Banco de España. This means that the Spanish economy loses ground compared to the rest of the world in revenues and payments for the exchange of goods, services, revenues and transfers.In particular, the current account surplus was in the third mon…