The Balance of Payments and International Investment Position of Spain in 2024
Rationale The balance of payments and international investment position are of particular interest in an international environment of growing uncertainty and trade and geopolitical tensions, such as the current one. Also, the data vis-à-vis the United States are especially significant in this settin...
| Autores: | , , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2025 |
| País: | España |
| Institución: | Banco de España |
| Repositorio: | Repositorio Institucional del Banco de España |
| OAI Identifier: | oai:repositorio.bde.es:123456789/40485 |
| Acceso en línea: | https://repositorio.bde.es/handle/123456789/40485 |
| Access Level: | acceso abierto |
| Palabra clave: | Cuenta corriente Cuenta de capital Inversión extranjera Finanzas internacionales F10 F21 F23 F30 F32 F34 F36 E50 Balance of payments Net lending Current account Capital account International tourism Energy deficit Financial transactions Foreign direct investment Ultimate investing economy International investment position External debt |
| Sumario: | Rationale The balance of payments and international investment position are of particular interest in an international environment of growing uncertainty and trade and geopolitical tensions, such as the current one. Also, the data vis-à-vis the United States are especially significant in this setting. Takeaways • In 2024 the Spanish economy’s net lending peaked at 4.2% of GDP, its highest level since the start of the current series (1995), owing to the improvement in the trade balance and positive developments in travel services. • The negative net international investment position declined further in 2024, to stand at -43% of GDP (its lowest level in 22 years), due to GDP growth and the positive balance of financial transactions with the rest of the world. • The cumulative correction of the negative net international investment position from its most negative level in 2009 through to 2024 is explained by developments in the financial sector, portfolio investment and the travel surplus built up over these years. |
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