The current account gap in Poland rose sharply to EUR 1,386 million in February of 2019 from a EUR 767 million in the corresponding month of the previous year and compared with market expectations of a EUR 290 million shortfall. The goods deficit advanced to EUR 1,327 million from EUR 682 million a year ago and the secondary income shortfall widened to EUR 647 million from EUR 358 million. On the other hand, the services surplus increased to EUR 1,862 million from EUR 1,850 million in February of 2018 and the primary income gap narrowed to EUR 1,274 million from EUR 1,577 million. Current Account in Poland averaged -818.98 EUR Million from 2000 until 2019, 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 -480.00 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 -320.00 in 12 months time. In the long-term, the Poland Current Account is projected to trend around 280.00 EUR Million in 2020, according to our econometric models.