Current Account in Poland

Poland Current Account | Economic News & Forecasts

Poland - Current Account

Following the first quarter’s strong outturn, which was buttressed by upbeat domestic demand and a supportive external sector, momentum likely carried over into Q2. Surging industrial production and retail sales in April-May suggest the country’s industrial sector has so far dodged industrial weakness in the EU, and that a tight labor market coupled with swiftly rising wages are underpinning consumer spending. In the political arena, following May’s European elections, the government reshuffled many senior ministers, including the finance minister. Confirming the expectations of analysts, who see the new finance minister as more likely to loosen the purse strings, in June the government approved plans to raise the tax-free allowance for workers under 26 by more than 12-fold. Meanwhile, on 24 June, the EU’s top court ruled that Poland’s judiciary reform breached EU law, which means the country has to reverse the changes or face penalties.

Poland - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-1.3  -2.1  -0.6  -0.5  0.1  

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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

ValueChangeDate
Bond Yield2.29-0.30 %Jul 11
Exchange Rate3.79-0.53 %Jul 11
Stock Market60,362-1.13 %Jul 11

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