Current Account in Poland

Poland Current Account | Economic News & Forecasts

Poland - Current Account

Growth was resilient in the second quarter, buttressed by the domestic economy and despite headwinds stemming from the slowdown in the Eurozone. Consumer spending was spurred by healthy wage growth and a falling unemployment rate, while fixed investment also expanded robustly despite losing some steam from Q1’s stellar performance. Growth appeared broadly stable at the outset of Q3: In July, industrial production rebounded, retail sales growth jumped and the unemployment rate dipped. That said, business confidence was weaker in July-August than in Q2. On 27 August, the government presented a balanced budget for 2020. The budget, partly based on one-off revenues and which still needs to be approved by Parliament, has been interpreted by some analysts as a move to boost public support ahead of parliamentary elections on 13 October. Despite two recent high-profile resignations, the ruling Law and Justice party leads the polls by a wide margin.

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 Yield1.89-0.30 %Sep 04
Exchange Rate3.93-0.53 %Sep 04
Stock Market56,176-1.13 %Sep 04

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