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Poland’s balance of payments in April 2017.

Date: 13.06.2017

NBP Data: In April 2017, the current account of the balance of payments posted surpluses in the services account (PLN 5.5bn) and trade in goods account (PLN 0.4bn), as well as a deficit in the primary income account (PLN 6.8bn) and the secondary income account (PLN 0.2bn). The balance of the combined current and capital accounts was positive and amounted to PLN 0.6bn.

Preliminary data on Poland’s balance of payments for April 2017, released by Narodowy Bank Polski on 13 June 2016, show a deficit on the current account amounting to PLN 1.2bn. In the corresponding month of 2016, the balance on the current account was positive and stood at PLN 3.0bn.

Exports of goods amounted to PLN 64.3bn and were PLN 0.6bn lower (1.0%) than a year earlier. Imports of goods rose by PLN 1.1bn (1.8%) to PLN 64bn. As a result, the balance of trade in goods was positive and amounted to PLN 0.4bn. In April 2016 it was also positive at PLN 2.1bn.

Typically, the services balance was positive – it amounted to PLN 5.5bn. Credits on the export of services were PLN 16.7bn, which represented an increase of PLN 1.1bn (7.1%) as compared with the April 2016 figure. Debits stood at PLN 11.2bn, having increased by PLN 0.6bn (6.1%) on the corresponding month of 2016.

The primary income account was negative and amounted to PLN 6.8bn. In the corresponding month of 2016, it was also negative at PLN 4.7bn. The primary income account deficit was mainly the result of the negative balance of investment income (PLN 7.1bn).

See: Balance of payments statistics

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