Poland posted a current account surplus of EUR 2,455 million in May of 2020, compared to a EUR 227 million deficit in the corresponding month of the previous year. The goods account recorded a EUR 1,250 million surplus, switching from a EUR 260 million gap a year earlier; and the primary income shortfall narrowed sharply to EUR 100 million from EUR 2,135 million. On the other hand, the services surplus fell to EUR 1,518 million from EUR 2,094 million and the secondary income account posted a EUR 213 million gap against a EUR 74 million surplus in May of 2019.

Current Account in Poland averaged -727.35 EUR Million from 2000 until 2020, reaching an all time high of 2581 EUR Million in January of 2017 and a record low of -3510 EUR Million in June of 2011. This page provides the latest reported value for - Poland Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Poland Current Account - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: National Bank of Poland

Current Account in Poland is expected to be 320.00 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 -220.00 in 12 months time. In the long-term, the Poland Current Account is projected to trend around 280.00 EUR Million in 2021 and 300.00 EUR Million in 2022, according to our econometric models.

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Poland Current Account

Actual Previous Highest Lowest Dates Unit Frequency
2455.00 1156.00 2581.00 -3510.00 2000 - 2020 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-14 12:00 PM Feb €659M €2348M €747M €840M
2020-05-14 12:00 PM Mar €2438M €878M €565M €420M
2020-06-15 12:00 PM Apr €1163M €2438M €1060M €980M
2020-07-14 12:00 PM May €2455M €1156M €701M €710M
2020-08-13 12:00 PM Jun €2455M € -520M
2020-09-14 12:00 PM Jul
2020-10-14 12:00 PM Aug
2020-11-13 01:00 PM Sep € 320M


News Stream
Polish Current Account Swings to Surplus
Poland posted a current account surplus of EUR 2,455 million in May of 2020, compared to a EUR 227 million deficit in the corresponding month of the previous year. The goods account recorded a EUR 1,250 million surplus, switching from a EUR 260 million gap a year earlier; and the primary income shortfall narrowed sharply to EUR 100 million from EUR 2,135 million. On the other hand, the services surplus fell to EUR 1,518 million from EUR 2,094 million and the secondary income account posted a EUR 213 million gap against a EUR 74 million surplus in May of 2019.
2020-07-14
Polish Current Account Swings to Surplus
Poland posted a current account surplus of EUR 1,163 million in April of 2020, compared to a EUR 158 million deficit in the corresponding month of the previous year. The secondary income account recorded a EUR 26 million surplus, switching from a EUR 79 million gap a year earlier; and the primary income shortfall narrowed sharply to EUR 85 million from EUR 2,248 million. On the other hand, the services surplus fell to EUR 1,255 million from EUR 1,941 million and the goods account posted a EUR 33 million gap against a EUR 228 million surplus in April of 2019.
2020-06-15
Poland Current Account Surplus Largest in Over a Year
Poland current account surplus widened to EUR 2438 million in March of 2020, from EUR 197 million in the same month of last year and well above market expectations of EUR 565 million. It is the biggest current account surplus since January of 2019 as both the primary income (EUR 652 million from EUR -2069 million) and secondary income (EUR 46 million from EUR -197 million) accounts switched to surplus. On the other hand, the goods account posted a EUR 69 million deficit compared to a EUR 579 million surplus. Also, the services surplus narrowed slightly to EUR 1809 million from EUR 1884 million.
2020-05-14
Poland Current Account Surplus Lower than Expected
Poland posted a current account surplus of EUR 659 million in February of 2020, compared to a EUR 984 million deficit in the same month of last year but below market expectations of a EUR 747 million surplus. The goods account recorded a EUR 525 million surplus against a EUR 424 million gap in February of 2019; the services surplus widened to EUR 2,005 million from EUR 1,844 million and the secondary income gap narrowed to EUR 108 million from EUR 657 million. On the other hand, the primary income shortfall went up to EUR 1,763 million from EUR 1,747 million.
2020-04-14

Poland Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).