Poland posted a current account surplus of EUR 990 million in December 2019, compared to a EUR 1,528 million deficit in the same month last year, as the goods account recorded a EUR 224 million surplus against EUR 1,295 million gap. In addition, the services surplus increased to EUR 2,047 million from EUR 1,731 million a year ago, while the primary income deficit narrowed to EUR 1,259 million from EUR 1,611 million. Considering 2019 full year, the country posted a EUR 5.90 billion surplus, compared to a EUR 5.04 billion gap the year before.

Current Account in Poland averaged -769.68 EUR Million from 2000 until 2019, 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. 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, according to our econometric models.


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Poland Current Account

Actual Previous Highest Lowest Dates Unit Frequency
990.00 1564.00 2581.00 -3510.00 2000 - 2019 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-13 01:00 PM Sep €171M €-657M €-220M €250M
2019-12-16 01:00 PM Oct €529M €172M €330M €320M
2020-01-13 01:00 PM Nov €1457M €573M €500M €120M
2020-02-13 01:00 PM Dec €990M €1564M €-261M €150M
2020-03-16 01:00 PM Jan €990M
2020-04-14 12:00 PM Feb
2020-05-14 12:00 PM Mar € -320M
2020-06-12 12:00 PM Apr


News Stream
Polish Current Account Swings to Surplus
Poland posted a current account surplus of EUR 990 million in December 2019, compared to a EUR 1,528 million deficit in the same month last year, as the goods account recorded a EUR 224 million surplus against EUR 1,295 million gap. In addition, the services surplus increased to EUR 2,047 million from EUR 1,731 million a year ago, while the primary income deficit narrowed to EUR 1,259 million from EUR 1,611 million. Considering 2019 full year, the country posted a EUR 5.90 billion surplus, compared to a EUR 5.04 billion gap the year before.
2020-02-13
Polish Current Account Surplus Widens in November
Poland's current account surplus widened sharply to EUR 1,457 million in November 2019 from a EUR 113 million in the same month last year, above market expectations of EUR 500 million. The goods surplus increased to EUR 829 million from EUR 102 million a year ago and the services surplus rose to EUR 2,332 million from EUR 2,066 million. In addition, the secondary income account posted a surplus of EUR 51 million, compared to a EUR 158 million gap a year earlier, while the primary income deficit narrowed to EUR 1,755 million from EUR 1,897 million.
2020-01-13
Polish Current Account Surplus Largest in 9 Months
Poland posted a current account surplus of EUR 529 million in October 2019 compared to a deficit of EUR 447 million in the same month of the previous year and beating market expectations of a EUR 330 million surplus. It was the largest surplus since January, as the balance on goods swang to a surplus of EUR 440 million compared to a deficit of EUR 419 million and the services surplus widened to EUR 2,018 million from EUR 1,732 million. Meantime, the primary income shortfall rose to EUR 1,864 million from EUR 1,688 million while the secondary income gap fell slightly to EUR 65 million from EUR 72 million a year ago.
2019-12-16
Polish Current Account Balance Swings to Surplus
Poland posted a current account surplus of EUR 171 million in September 2019 compared to a deficit of EUR 794 million in the same month of the previous year and against market expectations of a EUR 220 million gap. It was the first monthly current account surplus since May, as the balance on goods shifted to a surplus of EUR 468 million compared to a deficit of EUR 398 million and the services surplus widened to EUR 1,837 million from EUR 1,757 million. Also, the primary income gap decreased to EUR 2,002 million from EUR 2,343 million a year ago while the balance on secondary income swang to a deficit of EUR 132 million compared to a surplus of EUR 190 million.
2019-11-13

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).