FX.co ★ Spain Posts Largest Current Account Surplus on Record

Spain's current account surplus expanded to €7.18 billion in October 2025, compared to €4.87 billion in the same month the previous year, based on preliminary figures. This represents the highest current account surplus since records began in January 1969. A key factor in this increase was the growth in the goods and services surplus, which climbed to €7.50 billion from €6.91 billion, largely due to a boost in tourism revenues that rose to €9.81 billion from €9.14 billion. Concurrently, there was a significant reduction in the primary and secondary income deficit, which decreased to €0.33 billion from €2.04 billion.