The current account surplus in Poland decreased significantly to EUR 21 million in June 2019 from EUR 192 million in the same month of the previous year. The primary income shortfall increased to EUR 1,909 million from EUR 1,407 million in June 2018 and the secondary gap went up to EUR 99 million from EUR 16 million a year ago. Meanwhile, the goods deficit shrank to EUR 77 million from EUR 369 million, as imports and exports fell 3.1 percent and 1.6 percent, respectively. Also, the services surplus rose to EUR 2,106 million from EUR 1,984 million in the same period of 2018. Current Account in Poland averaged -789.67 EUR Million from 2000 until 2019, reaching an all time high of 2438 EUR Million in January of 2019 and a record low of -3512 EUR Million in June of 2011.
Current Account in Poland is expected to be 250.00 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 -520.00 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.