Current Account in Poland

Poland Current Account | Economic News & Forecasts

Poland - Current Account

Economic growth likely remained healthy in Q1 2019, despite decelerating from the previous quarter. Higher unemployment and softer retail sales growth suggest consumer spending eased in the quarter; however, a surprisingly strong industrial sector, rosier business confidence and buoyant construction activity should have cushioned the slowdown in Q1. Meanwhile, in April, parliament backed a plan to expand the government’s flagship child benefit programme; in the same month, the government unveiled plans to reform the pension system, which will help finance its fiscal package and keep the budget deficit under control. Last year, the government recorded a robust fiscal outturn, and in mid-April S&P Global Ratings and Moody’s affirmed the country’s credit ratings at A- and A2 with a stable outlook, respectively, citing robust growth and solid fiscal metrics.

Poland - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-1.3  -2.1  -0.6  -0.3  0.3  

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Poland Current Account Chart

Poland Current Account
Note: Current account balance as % of GDP.
Source: National Bank of Poland and FocusEconomics calculations.

Poland Facts

Bond Yield2.85-0.30 %May 13
Exchange Rate3.84-0.53 %May 13
Stock Market56,389-1.13 %May 13

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