Poland’s balance of payments in October 2019
NBP data: In October 2019, the current account of the balance of payments posted surpluses in the services account (PLN 8.7bn) and trade in goods account (PLN 1.9bn), and deficits in the primary income account (PLN 8.0bn) and secondary income account (PLN 0.3bn). The balance of the combined current and capital accounts was positive at PLN 8.4bn.
Preliminary data on Poland’s balance of payments in October 2019, published by NBP on 16 December 2019, show a surplus of PLN 2.3bn on the country’s current account. In the corresponding month of 2018, the balance was negative and stood at PLN 1.9bn.
Exports of goods amounted to PLN 93.8bn and were PLN 3.5bn (i.e. 3.9%) higher than in the corresponding month of 2018. Imports of goods decreased by PLN 0.2bn (i.e. 0.2%) to PLN 91.9bn. The surplus in trade in goods amounted to PLN 1.9bn.
Typically, the services account was in surplus, amounting to PLN 8.7bn. Exports of services stood at PLN 24.6bn, representing an increase of PLN 2.0bn (i.e. 9.0%) on the October 2018 figure. Imports of services amounted to PLN 15.9bn, having increased by PLN 0.8bn (i.e. 5.4%).
The balance of the primary income account was negative at PLN 8.0bn and deteriorated in relation to the corresponding month of 2018 by PLN 0.8bn. The balance of this account was determined by the negative balance of investment income (of PLN 6.5bn).
See: Balance of payments statistics