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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.

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