Poland recorded a current account deficit of EUR 2,972 million in March of 2022, compared to a EUR 124 million surplus in the same month of the previous year and bigger than market expectations a EUR 2,800 million gap. It is the biggest current account deficit since June of 2011. The goods account swung to a EUR 3,253 million gap from a EUR 570 million surplus and the secondary income deficit widened to EUR 294 million from EUR 187 million. Meanwhile, the services surplus went up to EUR 2,102 million from EUR 1,838 million and the primary income gap narrowed to EUR 1,527 million from EUR 2,097 million. source: National Bank of Poland

Current Account in Poland averaged -749.36 EUR Million from 2000 until 2022, reaching an all time high of 3694 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 May of 2022.

Current Account in Poland is expected to be -620.00 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 590.00 EUR Million in 2023 and 280.00 EUR Million in 2024, according to our econometric models.

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Poland Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-04-13 12:00 PM Feb €-2871M €-638M €-2049M €-900M
2022-05-13 12:00 PM Mar €-2972M €-2663M €-2800M €-2350M
2022-06-14 12:00 PM Apr €-2972M


Related Last Previous Unit Reference
Balance of Trade -3253.00 -1559.00 EUR Million Mar 2022
Current Account -2972.00 -2663.00 EUR Million Mar 2022
Imports 29084.00 26700.00 EUR Million Mar 2022
Exports 25831.00 25141.00 EUR Million Mar 2022
External Debt 362938.00 366390.00 USD Million Dec 2021
Capital Flows -4184.00 -3398.00 EUR Million Mar 2022
Foreign Direct Investment 203380.50 214553.30 EUR Million Dec 2020
Remittances 659.00 657.00 EUR Million Dec 2021

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
-2972.00 -2663.00 3694.00 -3565.00 2000 - 2022 EUR Million Monthly
Current Prices, NSA

News Stream
Poland Current Account Gap Largest since 2011
Poland recorded a current account deficit of EUR 2,972 million in March of 2022, compared to a EUR 124 million surplus in the same month of the previous year and bigger than market expectations a EUR 2,800 million gap. It is the biggest current account deficit since June of 2011. The goods account swung to a EUR 3,253 million gap from a EUR 570 million surplus and the secondary income deficit widened to EUR 294 million from EUR 187 million. Meanwhile, the services surplus went up to EUR 2,102 million from EUR 1,838 million and the primary income gap narrowed to EUR 1,527 million from EUR 2,097 million.
2022-05-13
Polish Current Account Switches to Deficit
Poland recorded a current account deficit of EUR 2,871 million in February of 2022, from a EUR 276 million surplus in the same month of the previous year and compared with market expectations EUR -2,049 million. The goods account balance was at a EUR 1,741 million gap, swinging from a EUR 683 million surplus in the prior year. At the same time, the primary account gap widened to EUR 2,510 million from EUR 2,047 million and that on the secondary account widened to EUR 873 million from EUR 587 million. On the other hand, the services surplus expanded to 2,253 million from EUR 2,227 million.
2022-04-13
Polish Current Account Switches to Deficit
Poland’s current account shifted to a EUR 64 million deficit in January of 2022, from a EUR 2034 million surplus in the same month of the previous year and compared with market expectations of a EUR 943 million shortfall. It was the smallest current gap since May of 2021. Goods account swung to a deficit of EUR 64 million compared to a surplus of EUR 1286 million a year ago while the services surplus expanded to EUR 1851 million from EUR 1669 million. At the same time, the primary income gap narrowed to EUR 320 million from EUR 377 million and the secondary income deficit decreased to EUR 409 million from EUR 544 million a year earlier.
2022-03-16