Narodowy Bank Polski

Latest news

Poland’s balance of payments in January 2018.

Date: 16.03.2018

NBP data: In January 2018, the current account of the balance of payments (BoP) posted surpluses in the services account (PLN 6.7 billion), the secondary income account (PLN 1.3bn), and the primary income account (PLN 1.1bn), and a deficit in the trade in goods account (PLN 0.8bn). The balance of the combined current and capital accounts was positive and amounted to PLN 12.1bn.

Preliminary data on Poland’s BoP for January 2018, released by Narodowy Bank Polski on 16 March 2018, show a surplus on the current account amounting to PLN 8.4bn. In the corresponding month of 2017, the balance on the current account was positive and stood at PLN 11.1bn.

Exports of goods stood at PLN 70.2bn and were PLN 3.5bn higher (i.e. 5.2%) than a year earlier. Imports of goods rose by PLN 6.4bn (9.9%) to PLN 71.0bn. As a result, the balance of trade in goods was negative at minus PLN 0.8bn. In January 2017 it was positive at PLN 2.1bn.

Typically, the services balance was positive – it amounted to PLN 6.7bn. Credits on exports of services were PLN 17.7bn, which represented an increase of PLN 1.8bn (11.6%) on the January 2017 figure. Debits stood at PLN 11.0bn, having increased by PLN 0.6bn (5.3%) on the corresponding month of 2017.

The primary income balance was positive and amounted to PLN 1.1bn. In the corresponding month of 2017, it was also positive at PLN 2.8bn. The positive primary income balance resulted primarily from the inflow of funds from the European Union received under the Common Agricultural Policy.

See: Balance of payments statistics

NBP interest rates

Reference rate 1.50
Lombard rate 2.50
Deposit rate 0.50
Rediscount rate 1.75

Exchange rates

Table of 2018-07-19
1 EUR4.3155
1 USD3.7163
1 CHF3.7121
1 GBP4.8348
100 JPY3.2904

Economic outlook

Monthly data

Quarterly data

Financial markets

Numismatics

Contact

Narodowy Bank Polski
Świętokrzyska 11/21
00-919 Warszawa
Poland

tel.:
+48 22 185 10 00
e-mail: listy@nbp.pl
NIP: 525-000-81-98
REGON: 000002223
SWIFT: NBPL PLPW
This site uses cookies to ensure its more efficient operation.
To find out more about the cookie technology, please click here: NBP Privacy Policy »
In order to browse through the content, it is necessary to accept cookies from this site Accept