Current Account in Poland

Poland Current Account | Economic News & Forecasts

Poland - Current Account

Third-quarter growth defied expectations of an impending slowdown, matching the second quarter as domestic demand showed little sign of letting up. Fixed investment surged on the continued absorption of EU-linked structural funding, and household spending remained upbeat in light of strong earnings and low unemployment. Notably, inflation hovered below-target through the quarter despite the expansion. Available fourth-quarter data, however, suggests that economic growth may be decelerating. Survey-based data from the manufacturing sector slid through the better part of last year and, most recently, purchasing activity signaled a downturn in November and December. This would appear to align industrial metrics with the recent Eurozone pullback, which has hit export orders and is likely to continue doing so over the short-term. Consumers, on the other hand, have so far been spared and look set to continue driving economic gains; the labor market tightened through November and retail sales thus far appear unscathed.

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 Yield2.78-0.30 %Jan 16
Exchange Rate3.76-0.53 %Jan 16
Stock Market59,983-1.13 %Jan 16

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