|Low||€-1.53 B||€-0.45 B||
The Current Account reflects the balance of transactions between Spanish residents an the rest of the world. Being part of the balance of payments, it records incomes and real transactions (trade of goods and services) between residents and the rest of the world, over a certain period of time.
The current account is divided into the following parts:
In other words, the current account includes operations between Spanish residents and non-residents in relation to goods, services, primary (investment) and secondary (transaction) income. A positive current account balance indicates that the country is a net lender to the rest of the world. A negative value shows that the nation is a net borrower.
The impact of the indicator on the euro may vary depending on current economic conditions. Most often the growth of the current account is seen as positive for the euro quotes.
The chart of the entire available history of the "Spain Current Account" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.