Poland posted a current account surplus of EUR 718 million in April 2019 compared to a EUR 34 million deficit in the corresponding month of the previous year. The goods account recorded a surplus of EUR 279 million, reversing a EUR 5 million gap a year earlier and the services surplus widened to EUR 1,964 million from EUR 1,858 million. In addition, the primary income account deficit narrowed to EUR 1,458 million from EUR 1,742 million in April 2018 and the secondary income shortfall fell to EUR 67 million from EUR 145 million. Current Account in Poland averaged -802.03 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.