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Poland’s balance of payments in May 2019

Date: 15.07.2019

NBP data: In May 2019, the current account of the balance of payments posted surpluses in the services account (PLN 9.1bn), trade in goods account and secondary income account (of PLN 0.4bn each), and a deficit on the primary income account (PLN 5.6bn). The balance of the combined current and capital accounts was positive at PLN 6.6bn.

Preliminary data on Poland’s balance of payments in May 2019, published by NBP on 15 July 2019, show a surplus of PLN 4.3bn on the country’s current account. In the corresponding month of 2018, the balance was also positive and stood at PLN 1.0bn.

Exports of goods amounted to PLN 84.6bn and were PLN 10.2bn (i.e. 13.7%) higher than in the corresponding month of 2018. Imports of goods rose by PLN 8.7bn (i.e. 11.6%) to reach PLN 84.2bn. The surplus in trade in goods amounted to PLN 0.4bn.

Typically, the services account was in surplus, amounting to PLN 9.1bn. Exports of services stood at PLN 22.2bn, representing an increase of PLN 1.1bn (i.e. 5.4%) on the May 2018 figure. Imports of services amounted to PLN 13.1bn, having increased by PLN 0.7bn (i.e. 5.3%) on the corresponding month of 2018.

The balance of the primary income account was negative at PLN 5.6bn and improved in relation to the corresponding month of 2018 by PLN 1.0bn.The balance of this account was determined by the negative balance of the investment account (of PLN 6.8bn).

See: Balance of payments statistics

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