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Spain's current account stood at €2.1 Bln end-2013

Source: Reuters - Fri 28th Feb 2014
Spain's current account stood at €2.1 Bln end-2013

Spain's current account registered a surplus of €2.1 Bln in December, down from a surplus of €2.7 Bln in the same month a year earlier, the Bank of Spain said on Friday.

<>The lower surplus was mainly due to a larger trade deficit, which registered a shortfall of €2 Bln in December, up from €1.5 Bln a year earlier as imports gained pace over exports.

By comparison, the net worth of Spain's richest man - Amancio Ortega - was placed at €42 Bln in 2013 by Forbes.