Poland Current Account Gap Smaller than Expected

2026-07-14 12:18 By Luisa Carvalho 1 min. read

Poland posted a current account gap of €1,071 million in May 2026, narrowing from €1,168 million a year earlier and coming in below market expectations of a €1,674 million deficit.

The goods shortfall shrank to €1,182 million from €1,637 million in May 2025, as the rate of increase in exports (+5.5%) outpaced that of imports (+3.7%).

At the same time, the services surplus rose slightly to €3,379 million from €3,361 million, mainly due to positive balances in other services and transport services.

On the other hand, the primary income deficit widened to €3,160 million from €2,843 million, largely driven by income from foreign direct investors arising from their equity investments in Polish entities.

The secondary income gap went up to €108 million from €49 million, driven by the government sector’s negative balance, despite favorable developments in other sectors.



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Poland Current Account Gap Smaller than Expected
Poland posted a current account gap of €1,071 million in May 2026, narrowing from €1,168 million a year earlier and coming in below market expectations of a €1,674 million deficit. The goods shortfall shrank to €1,182 million from €1,637 million in May 2025, as the rate of increase in exports (+5.5%) outpaced that of imports (+3.7%). At the same time, the services surplus rose slightly to €3,379 million from €3,361 million, mainly due to positive balances in other services and transport services. On the other hand, the primary income deficit widened to €3,160 million from €2,843 million, largely driven by income from foreign direct investors arising from their equity investments in Polish entities. The secondary income gap went up to €108 million from €49 million, driven by the government sector’s negative balance, despite favorable developments in other sectors.
2026-07-14
Poland Current Account Gap Widens in April
Poland recorded a current account deficit of €1,558 million in April 2026, the largest since December, up from the revised €252 million in the same month a year ago. The goods shortfall widened to €1,995 million from € 1,529 million in April 2025, as imports rose faster than exports. At the same time, the primary income gap climbed to €2,951 million from €2,524 million; and the secondary income balance shifted to a deficit of €78 million from a surplus of €218 million. On the other hand, the services surplus amounted to €3,466 million, down slightly from €3,583 million in the same period last year.
2026-06-12
Poland Current Account Shortfall Shrinks in March
Poland posted a current account gap of €234 million in March 2026, smaller than the revised €1,091 million in the same month a year ago. The goods deficit narrowed to €497 million from €1,530 million in March 2025, with exports (+7.4%) rising faster than imports (+3.8%). At the same time, the secondary income shortfall shrank to €21 million from €356 million a year ago, while the primary income gap surged to €2,783 million from €2,248 million, influenced by income from foreign direct investors' capital investments in Polish entities. On the other hand, the services surplus went up to €3,067 million from €3,043 million, reflecting positive balances across all service categories, with transport and other services making the largest contributions.
2026-05-15