Poland Current Account Gap Shrinks in September

2026-11-13 13:27 By Luisa Carvalho 1 min. read

Poland's current account deficit narrowed to €718 million in September 2026, from a revised €932 million a year earlier, as a smaller primary income shortfall more than offset widening deficits in goods and secondary income.

The primary income deficit shrank to €2,091 million from €3,812 million in September 2025, mainly reflecting a significant improvement in other primary income, driven by earlier advance payments under the EU's Common Agricultural Policy (CAP).

By contrast, the goods trade deficit widened to €1,810 million from €1,027 million, as imports rose 11.9%, outpacing the 9.7% increase in exports.

The secondary income balance also deteriorated, shifting to a deficit of €82 million from a surplus of €547 million.

Meanwhile, the services surplus edged down to €3,265 million from €3,360 million.



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Poland Current Account Gap Shrinks in September
Poland's current account deficit narrowed to €718 million in September 2026, from a revised €932 million a year earlier, as a smaller primary income shortfall more than offset widening deficits in goods and secondary income. The primary income deficit shrank to €2,091 million from €3,812 million in September 2025, mainly reflecting a significant improvement in other primary income, driven by earlier advance payments under the EU's Common Agricultural Policy (CAP). By contrast, the goods trade deficit widened to €1,810 million from €1,027 million, as imports rose 11.9%, outpacing the 9.7% increase in exports. The secondary income balance also deteriorated, shifting to a deficit of €82 million from a surplus of €547 million. Meanwhile, the services surplus edged down to €3,265 million from €3,360 million.
2026-11-13
Poland Posts Largest Current Account Deficit on Record
Poland recorded a current account deficit of €3,567 million in August 2026, the largest on record, widening sharply from a revised €2,661 million in the same month a year earlier. The goods trade deficit expanded to €3,047 million, its highest level in more than four years, as imports rose 15.4%, outpacing the 13.2% increase in exports. The primary income deficit widened to €3,780 million from €3,614 million, largely reflecting outflows to foreign direct investors on their investments in Polish entities, alongside income payments on portfolio and other investments. Meanwhile, the services surplus narrowed to €3,003 million from €3,304 million. In contrast, the secondary income account swung to a surplus of €257 million, compared with a deficit of €193 million a year earlier.
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Poland recorded a current account deficit of €2419 million in July 2026, the largest since February 2022, widening from the revised €1780 million in the same month a year ago. Figures came above market estimates of a €2341 million shortfall. The goods deficit jumped to €1843 million from €1063 million in July 2025, with imports climbing by 13% and exports rising at a slower 10%. At the same time, the secondary income gap went up to €307 million from €78 million, while the services surplus decreased to €2722 million from €3110 million. On the other hand, the primary income gap narrowed to €2944 million from €3749 million.
2026-09-14