corporate services exports spain

Services exports: it’s not just all about tourism

The provisional data for the Q2’16 balance of payments in Spain shows a surplus of 26 billion euros, which is a maximum level for the series. Namely Afi flags that the balance of services stood at 13.4 billion euros in Q2, up from 12.2 billion a year earlier.  It is worth noting this rise amount is not just the result of the good performance from tourism-related activities, but also others such as corporate services.