FX.co ★ Spain’s Current Account Surplus Widens to €2.73B in January 2026

Spain’s current account surplus strengthened at the start of 2026, rising to €2.73 billion in January from €1.80 billion in December 2025, according to data updated on 31 March 2026.

The expansion of the surplus suggests an improvement in Spain’s external balance position month-on-month, marking a solid start to the year following the December reading. While detailed drivers were not disclosed in the available data, the larger surplus indicates that Spain’s earnings from abroad continued to outpace its payments to the rest of the world in January.

The latest current account figures will be closely watched by market participants and policymakers as a key indicator of Spain’s external sustainability and underlying economic momentum going into 2026.