Poland recorded a Current Account surplus of 60 EUR Million in May of 2021. source: National Bank of Poland

Current Account in Poland averaged -697.17 EUR Million from 2000 until 2021, reaching an all time high of 3341 EUR Million in January of 2021 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 July of 2021.

Current Account in Poland is expected to be 540.00 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 -620.00 in 12 months time. In the long-term, the Poland Current Account is projected to trend around 300.00 EUR Million in 2022 and 590.00 EUR Million in 2023, according to our econometric models.

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Poland Current Account

Actual Previous Highest Lowest Dates Unit Frequency
60.00 1740.00 3341.00 -3565.00 2000 - 2021 EUR Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-04-13 12:00 PM Feb €1619M €3341M €1602M €1680M
2021-05-14 12:00 PM Mar €938M €1585M €1636M €1200M
2021-06-14 12:00 PM Apr €1740M €938M €1203M €1500M
2021-07-14 12:00 PM May €60M €1740M €1255M €1680M
2021-08-13 12:00 PM Jun €60M €550M
2021-09-14 12:00 PM Jul
2021-10-14 12:00 PM Aug
2021-11-12 01:00 PM Sep

News Stream
Poland Current Account Surplus Larger than Forecast
Poland's current account surplus widened to EUR 1.74 billion in April 2021, from EUR 0.72 billion in the same period last year and above market expectations of EUR 1.20 billion. The goods balance posted a EUR 1.29 billion surplus, compared with a EUR 0.01 billion deficit in April 2020, as exports rebounded more than imports. In addition, the services surplus increased to EUR 2.11 billion from EUR 1.65 billion a year ago, while the primary income deficit rose to EUR 1.61 billion from EUR 0.80 billion. The services income gap declined to EUR 0.05 billion from EUR 0.12 billion. Considering January-April, the current account surplus widened to EUR 7.60 billion, from EUR 5.72 billion in the same period of 2020.
Poland Current Account Surplus Widens in March
Poland’s current account surplus widened to EUR 938 million in March of 2021 from EUR 736 million in the corresponding month of the previous year but well below market expectations of EUR 1,636 million. The goods account recorded a surplus of EUR 589 million as exports climbed 28 percent while imports increased at a softer 25 percent. Also, the services surplus went up to EUR 1,935 million from EUR 1,736 million a year ago. In contrast, the primary income deficit widened to EUR 1,438 million from 1,005 million, and the secondary income shortfall increased to EUR 148 million from EUR 5 million.
Polish Current Account Surplus Narrows Less than Expected
Poland’s current account surplus narrowed to EUR 1,619 million in February 2021 from EUR 1,738 million in the corresponding month of the previous year, above market expectations of EUR 1,602 million. The services surplus went down to EUR 2,490 million from EUR 2,606 million, while the secondary income gap rose to EUR 541 million from EUR 149 million. On the other hand, the goods surplus rose to EUR 883 million from EUR 791 million, as exports climbed 6.2 percent and imports rose a slower 6.0 percent, and the primary income deficit narrowed to EUR 1,213 million from EUR 1,510 million.
Polish Current Account Surplus Widens in January
Poland’s current account surplus widened to EUR 3,258 million in January 2021 from EUR 2,756 million in the corresponding month of the previous year. The goods surplus rose to EUR 845 million from EUR 378 million, as exports declined 2.82 percent while imports sank 5.29 percent. Also, the primary income surplus rose to EUR 574 million from EUR 551 million and secondary income shortfall was reduced to EUR 528 million from EUR 652 million. In contrast, the services surplus edged down to EUR 2,367 million from EUR 2,479 million.

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).