Poland’s current account surplus shrank to EUR 1,072 million in September 2020 from EUR 1,182 million in the corresponding month of the previous year, below market expectations of EUR 1569 million. The services surplus narrowed to EUR 1,746 million from EUR 2,417 million and the secondary income account posted a EUR 98 million gap, switching from a EUR 44 million surplus. On the other hand, the goods surplus widened to EUR 1,238 million from EUR 821 million and the primary income gap fell to EUR 1,814 million from EUR 2,100 million. source: National Bank of Poland

Current Account in Poland averaged -766.31 EUR Million from 2000 until 2020, reaching an all time high of 3811 EUR Million in June of 2020 and a record low of -3565 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. Poland Current Account - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Current Account in Poland is expected to be 510.00 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 540.00 in 12 months time. In the long-term, the Poland Current Account is projected to trend around 280.00 EUR Million in 2021 and 300.00 EUR Million in 2022, according to our econometric models.

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Poland Current Account

Actual Previous Highest Lowest Dates Unit Frequency
1072.00 1275.00 3811.00 -3565.00 2000 - 2020 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-13 12:00 PM Jun €2842M €2321M €2005M €920M
2020-09-14 12:00 PM Jul €1620M €2842M €2158M €1520M
2020-10-14 12:00 PM Aug €947M €1012M €1200M €1020M
2020-11-13 01:00 PM Sep €1072M €1275M €1569M €1510M
2020-12-14 01:00 PM Oct €1072M
2021-01-13 01:00 PM Nov
2021-02-15 01:00 PM Dec
2021-03-16 01:00 PM Jan


News Stream
Polish Current Account Surplus Narrows in September
Poland’s current account surplus shrank to EUR 1,072 million in September 2020 from EUR 1,182 million in the corresponding month of the previous year, below market expectations of EUR 1569 million. The services surplus narrowed to EUR 1,746 million from EUR 2,417 million and the secondary income account posted a EUR 98 million gap, switching from a EUR 44 million surplus. On the other hand, the goods surplus widened to EUR 1,238 million from EUR 821 million and the primary income gap fell to EUR 1,814 million from EUR 2,100 million.
2020-11-13
Poland Current Account Surplus Lower than Expected
Poland posted a current account surplus of EUR 947 million in August of 2020, below market expectations of EUR 1,200 million and compared to a EUR 671 million deficit in the corresponding month of the previous year. The goods account recorded a EUR 735 million surplus, switching from a EUR 324 million gap a year earlier, as imports fell 5.1 percent while exports rose 0.8 percent. Also, the secondary income account posted a EUR 75 million surplus, swinging from a EUR 165 million deficit. Meantime, the primary income shortfall narrowed to EUR 1,477 million from EUR 1,911 million and the services surplus dropped to EUR 1,614 million from EUR 1,729 million.
2020-10-14
Polish Current Account Swings to Surplus
Poland posted a current account surplus of EUR 1,620 million in July of 2020, below market expectations of EUR 2,158 million and compared to a EUR 824 million deficit in the corresponding month of the previous year. The goods account recorded a EUR 998 million surplus, switching from a EUR 269 million gap a year earlier, as imports fell 3.9 percent while exports rose 2.7 percent. Also, the secondary income account posted a EUR 223 million surplus, swinging from a EUR 98 million deficit. Meantime, the primary income shortfall narrowed to EUR 1,636 million from EUR 2,572 million and the services surplus dropped to EUR 2,035 million from EUR 2,115 million.
2020-09-14
Poland Posts Widest Current Account Surplus on Record
Poland's current account surplus rose sharply to EUR 2,842 million in June of 2020 from EUR 10 million in the corresponding month of the previous year and beating market expectations of a EUR 2,005 million surplus. It was the largest monthly current account surplus on record, as the goods surplus widened to EUR 2,666 million from EUR 200 million a year ago, with exports rising 3% while imports slipped 10.7%. In addition, the primary income deficit fell to EUR 1,212 million from EUR 2,272 million and the secondary account shifted to a surplus of EUR 13 million compared to a shortfall of EUR 205 million. Meanwhile, the services surplus narrowed to EUR 1,375 million from EUR 2,287 million in June of 2019.
2020-08-13

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).