Poland’s current account gap increased to EUR 1,400 million in December of 2018 from EUR 1,354 million in the same month of the previous year. The goods deficit widened to EUR 1,340 million from EUR 1,196 million a year earlier and the secondary income account posted a EUR 321 million shortfall, switching from a EUR 126 million surplus in December of 2017. On the other hand, the primary income gap narrowed to EUR 1,566 million from EUR 1,848 million and the services surplus went up to EUR 1,827 million from EUR 1,564 million in the corresponding month of 2017. Current Account in Poland averaged -827.80 EUR Million from 2000 until 2018, 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 -200.00 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 150.00 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.