Poland’s balance of payments in December 2019
NBP data: In December 2019, the current account of the balance of payments posted surpluses in the services account (PLN 8.8bn) and in the trade in goods account (PLN 1.0bn), and deficits in the primary income account (PLN 5.4bn) and the secondary income account (PLN 0.1bn). The balance of the combined current and capital accounts was positive at PLN 15.5bn.
Preliminary data on Poland’s balance of payments in December 2019, published by NBP on 13 February 2020, show a surplus of PLN 4.2bn on the country’s current account. In the corresponding month of 2018, the balance was negative and stood at PLN 6.6bn.
Exports of goods amounted to PLN 73.6bn and were PLN 6.8bn (i.e. 10.1%) higher than in the corresponding month of 2018. Imports of goods increased by PLN 0.2bn (i.e. 0.3%) to PLN 72.6bn. Trade in goods showed a surplus of PLN 1.0bn.
Typically, the services account was in surplus, amounting to PLN 8.8bn. Exports of services stood at PLN 23.9bn, representing an increase of PLN 2.2bn (i.e. 10.4%) on the December 2018 figure. Imports of services amounted to PLN 15.1bn, having increased by PLN 0.9bn (i.e. 6.4%).
The balance of the primary income account was negative at PLN 5.4bn and improved in relation to the corresponding month of 2018 by PLN 1.5bn. The balance of this account was determined by the negative balance of investment income (of PLN 4.9bn).
See: Balance of payments statistics