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Poland’s balance of payments in January 2015

Date: 16-03-2015

NBP Data: In January 2015, the current account of Poland’s balance of payments posted positive balances in goods and services accounts and deficits in primary incomes and secondary incomes accounts. The total balance of current and capital accounts was positive and amounted to EUR 0.3bn.

Preliminary January 2015 data on Poland’s balance of payments, published by NBP on 16 March 2015, show a surplus on the current account amounting to close to EUR 0.1bn. In the corresponding month of 2014, the balance was negative and stood at EUR 1.1bn.

In January 2015, Polish goods exports stood at EUR 13.5bn, i.e. 5.7% more than a year earlier. Imports of goods shrank by 1.5% as compared with January 2014, nearing EUR 12.5bn. As a result, the balance of trade in goods was positive and amounted to EUR 1.0bn.

The balance of services was positive and stood at EUR 0.4bn in January 2015. Credits on services reached close to EUR 2.5bn, and fell by 1.1% as against January 2014. Debits stood at the same level as in January 2014 and amounted to EUR 2.0 bn.

Primary income balance in January 2015 was negative and stood at EUR 1.3bn. In the corresponding month of 2014, that balance was also negative and amounted to EUR 1.4bn. The size of the primary income deficit was determined by the negative balance of the income on investments (EUR 1.3bn), primarily the income of foreign direct investors on their capital investments in Polish entities (EUR 1.0bn).

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