The current account deficit in Poland rose to EUR 814 million in July of 2019 from EUR 754 million in the same month of the previous year. The goods gap widened to EUR 376 million from EUR 236 million in July of 2018 and the primary income shortfall advanced to EUR 2,401 million from EUR 2,172 million while the secondary income deficit narrowed to EUR 31 million from ERU 185 million. Meantime, the services surplus went up to EUR 1,994 million from EUR 1,839 million. Current Account in Poland averaged -789.77 EUR Million from 2000 until 2019, reaching an all time high of 2438 EUR Million in January of 2019 and a record low of -3512 EUR Million in June of 2011.
Current Account in Poland is expected to be 250.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Poland to stand at -520.00 in 12 months time. In the long-term, the Poland Current Account is projected to trend around 280.00 EUR Million in 2020, according to our econometric models.