Poland’s balance of payments in July 2018
NBP data: In July 2018, the current account of the balance of payments (BoP) posted a surplus in the services account (PLN 7.3bn) and a deficit in the primary income account (PLN 8.7bn), in the trade in goods account (PLN 1.9bn) and in the secondary income account (PLN 0.2bn). The balance of the combined current and capital accounts was positive and amounted to PLN 4.0bn.
Preliminary data on Poland’s BoP for July 2018, released by Narodowy Bank Polski on 13 September 2018, show a deficit on the current account amounting to PLN 3.5bn. In the corresponding month of 2017, it was negative and stood at PLN 1.2bn.
Exports of goods stood at PLN 74.1bn and were PLN 8.1bn higher (i.e. 12.2%) than a year earlier. Imports of goods rose by PLN 9.4bn (14.0%) to PLN 76.0bn. As a result, the balance of trade in goods was negative at PLN 1.9bn. In July 2017, it was also negative and stood at PLN 0.6bn.
Typically, the services balance was positive – it amounted to PLN 7.3bn. Credits on the export of services were PLN 20.9bn, which represented an increase of PLN 1.4bn (7.1%) as compared with the July 2017 figure. Debits stood at PLN 13.6bn, having increased by PLN 0.8bn (6.6%) on the corresponding month of 2017.
The primary income account was negative and amounted to PLN 8.7bn. In the corresponding month of 2017, it was also negative at PLN 7.2bn. The primary income account deficit was the result of a negative investment account (PLN 8.6bn) and a positive balance of other primary income (PLN 0.8bn).
See: Balance of payments statistics