Poland Posts Unexpected Deficit in Current Account

2026-01-13 13:22 By Luisa Carvalho 1 min. read

Poland posted a current account gap of EUR 460 million in November 2025, up from EUR 281 million in the same month a year ago and against market estimates of a EUR 500 million surplus.

The goods shortfall widened to EUR 1,087 million from EUR 930 million in November 2024, with exports and imports rising 2.7% and 3.1%, respectively.

At the same time, the primary income deficit rose to EUR 2,069 million from EUR 1,891 million, reflecting a negative balance from direct investment income as well as payments on portfolio and other investments.

More positively, the services surplus rose to EUR 2,906 million from EUR 2,863 million a year ago; while the secondary income gap shrank to EUR 0.21 billion from EUR 0.32 billion.



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Poland Posts Unexpected Deficit in Current Account
Poland posted a current account gap of EUR 460 million in November 2025, up from EUR 281 million in the same month a year ago and against market estimates of a EUR 500 million surplus. The goods shortfall widened to EUR 1,087 million from EUR 930 million in November 2024, with exports and imports rising 2.7% and 3.1%, respectively. At the same time, the primary income deficit rose to EUR 2,069 million from EUR 1,891 million, reflecting a negative balance from direct investment income as well as payments on portfolio and other investments. More positively, the services surplus rose to EUR 2,906 million from EUR 2,863 million a year ago; while the secondary income gap shrank to EUR 0.21 billion from EUR 0.32 billion.
2026-01-13
Poland Current Account Surplus Beats Expectations
Poland’s current account surplus widened to EUR 1.92 billion in October 2025 from EUR 918 million a year earlier, well above market expectations of EUR 130 million. The goods trade balance swung back to a surplus of EUR 553 million from a EUR 333 million deficit. The services surplus increased to EUR 3.24 billion from EUR 3.16 billion. Meanwhile, the secondary income deficit narrowed sharply to EUR 38 million from EUR 239 million. In contrast, the primary income deficit widened to EUR 1.83 billion from EUR 1.70 billion.
2025-12-15
Poland Current Account Gap Smaller-than-Expected
Poland’s current account deficit fell slightly to EUR 725 million in September 2025 from EUR 810 million in the same month a year ago and smaller than the expected EUR 1420 million. The secondary income balance shifted to a surplus of EUR 530 million from a deficit of EUR 406 million, helped by transfers of EU funds. Meanwhile, the goods shortfall shot up to EUR 1022 million from EUR 553 million in September 2024, with imports surging 7.3% yoy to EUR 31,094 million and exports rising 5.8% to EUR 30.072 million. At the same time, the services surplus decreased to EUR 3306 million from EUR 3402 million, and the primary income gap rose to EUR 3539 million from EUR 3253 million.
2025-11-13