Poland's current account deficit shrank to EUR 422 million in November of 2022 from EUR 1,483 million in the corresponding period of the previous year and well below market estimates of a EUR 935 million shortfall. This was the smallest current account deficit since October of 2021 when a surplus of EUR 941 million was registered, as the goods deficit fell to EUR 1,496 million from EUR 1,816 million in November of 2021 while the services surplus rose to EUR 2,939 million from EUR 2,222 million. At the same time, the primary account shortfall went down to EUR 1,794 million from EUR 1,812 million a year ago, and the secondary income fell marginally to EUR 71 million from EUR 77 million. source: National Bank of Poland

Current Account in Poland averaged -846.13 EUR Million from 2000 until 2022, reaching an all time high of 3254.00 EUR Million in June of 2020 and a record low of -4206.00 EUR Million in March of 2022. 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 January of 2023.

Current Account in Poland is expected to be -650.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Poland Current Account is projected to trend around 280.00 EUR Million in 2024, according to our econometric models.

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Poland Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-12-14 01:00 PM Oct €-549M €-1561M €-796M €-2500M
2023-01-13 01:00 PM Nov €-422M €-597M €-935M €-900M
2023-02-13 01:00 PM Dec €-422M € -1100M


Related Last Previous Unit Reference
Balance of Trade -1496.00 -2284.00 EUR Million Nov 2022
Current Account -422.00 -597.00 EUR Million Nov 2022
Exports 30018.00 28843.00 EUR Million Nov 2022
Imports 31514.00 31127.00 EUR Million Nov 2022
External Debt 333177.00 349424.00 USD Million Sep 2022
Capital Flows 2294.00 1037.00 EUR Million Nov 2022
Foreign Direct Investment 238969.70 203380.50 EUR Million Dec 2021
Remittances 660.00 648.00 EUR Million Jun 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
-422.00 -597.00 3254.00 -4206.00 2000 - 2022 EUR Million Monthly
Current Prices, NSA

News Stream
Polish Current Account Gap Smaller than Expected
Poland's current account deficit shrank to EUR 422 million in November of 2022 from EUR 1,483 million in the corresponding period of the previous year and well below market estimates of a EUR 935 million shortfall. This was the smallest current account deficit since October of 2021 when a surplus of EUR 941 million was registered, as the goods deficit fell to EUR 1,496 million from EUR 1,816 million in November of 2021 while the services surplus rose to EUR 2,939 million from EUR 2,222 million. At the same time, the primary account shortfall went down to EUR 1,794 million from EUR 1,812 million a year ago, and the secondary income fell marginally to EUR 71 million from EUR 77 million.
2023-01-13
Polish Current Account Gap Smaller than Expected
Poland’s current account shifted to a deficit of EUR 549 million in October of 2022, from a surplus of EUR 941 million in the same month of the previous year and compared with market expectations of a EUR 796 million shortfall. The goods deficit widened to EUR 2,277 million from EUR 1,655 million a year ago and the primary income account swung to a gap of EUR 1,287 million from a surplus of EUR 172 million. Also, the secondary income account shifted to a deficit of EUR 71 million from a surplus of EUR 43 million. On the other hand, the services surplus rose to EUR 3,086 million from EUR 2,381 million in October of 2021.
2022-12-14
Polish Current Account Gap Widens
Poland’s current account deficit widened to EUR 1,468 million in June of 2022 from EUR 464 million in the corresponding period of the previous year, but well below market estimates of a EUR 2,350 deficit. The goods account swung to a deficit of EUR 849 million from a EUR 321 million surplus, and the secondary income gap widened sharply to EUR 1,039 million from EUR 351 million. On the other hand, the services surplus rose to EUR 2,880 million from EUR 2,512 million and the primary income gap narrowed to EUR 2,460 million from EUR 2,946 million.
2022-08-12