Polish current account deficit increased to EUR 457 million in October of 2018 from EUR 13 million in the corresponding month of the previous year and slightly. Figures came slightly above market expectations of a EUR 450 million shortfall, as the goods balance shifted to a EUR 588 million deficit from a EUR 356 million surplus a year ago. Meanwhile, the primary income gap decreased to EUR 1769 million from EUR 1870 million and the secondary income shortfall narrowed to EUR 30 million from EUR 74 million. Also, the services surplus rose to EUR 1930 million from EUR 1575 million in October 2017. Current Account in Poland averaged -825.30 EUR Million from 2000 until 2018, reaching an all time high of 2418 EUR Million in January of 2017 and a record low of -3512 EUR Million in June of 2011.
Current Account in Poland is expected to be -37.00 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 250.00 in 12 months time. In the long-term, the Poland Current Account is projected to trend around 220.00 EUR Million in 2020, according to our econometric models.