Spain’s current account surplus declined to EUR 2.7 billion in January 2026 from EUR 3.1 billion in the same month a year ago, according to preliminary data. The balance of primary income, which includes income from work, investment, taxes on production and imports, and subsidies, and secondary income, covering personal transfers, current taxes, social contributions, and benefits, recorded a deficit of EUR 1.4 billion, compared with a surplus of EUR 1.2 billion in the previous year. Meanwhile, the goods and services surplus rose significantly to EUR 4.1 billion from EUR 1.9 billion in January 2025. Within this segment, the tourism sector played a fundamental role, contributing a surplus of €4.1 billion compared to €3.8 billion in January 2025.