Poland posted a current account gap of EUR 547 million in September of 2018 compared to a EUR 21 million surplus in the corresponding month of the previous year and well above market expectations of a EUR 189 million shortfall. The goods account switched to a EUR 449 million deficit from a EUR 430 million surplus a year earlier and the primary income gap rose to EUR 2,074 million from EUR 1,817 million. On the other hand, the services surplus widened to EUR 1,702 million from EUR 1,481 million and the secondary income account recorded a EUR 274 million surplus, compared to a EUR 73 million deficit in September of 2017. Current Account in Poland averaged -826.93 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.