Authors: Rafael Myro (UCM) and Europe G
Date Posted: June 2018
File Type: pdf
Policy Brief number 13 of EuropeG focuses on: “Economic growth with an external trade balance: A new scenario for the Spanish economy”. By year-end 2017, the Spanish economy had posted three consecutive years of growth at a rate of more than 3% per annum while recording significant surpluses both in its current and capital account balances and in its balance of foreign trade in goods and services, the latter showing a tendency to increase in real terms. More significantly, the trade in goods deficit, a characteristic feature of Spain’s foreign accounts, is currently the lowest it has been in fifty years, equivalent to 1.9% of GDP in terms of current values.