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Poland’s balance of payments in February 2015

Date: 13-04-2015

NBP Data: In February 2015, the current account of Poland’s balance of payments posted positive balances in goods and services accounts and deficits in primary income and secondary income accounts. The total balance of current and capital accounts was positive and amounted to EUR 2.2bn.

Preliminary data on Poland’s balance of payments in February 2015, published by NBP on 13 April 2015, show a surplus on the current account slightly exceeding EUR 0.1bn. In the corresponding month of 2014, the balance on the current account was negative and stood at EUR 0.6bn.

In February 2015, Polish goods exports stood at EUR 13.7bn, i.e. 10.7% more than a year earlier. Imports of goods increased by 3.7% as compared with February 2014, totaling EUR 12.9bn. As a result, the balance of trade in goods was positive and amounted to EUR 0.8bn.

The balance of services was positive and stood at nearly EUR 0.6bn in February 2015. Credits on services reached EUR 2.5bn, and increased by 2.6 % as against February 2014. Debits amounted to EUR 1.9bn, posting a 4.1% rise on the corresponding month of 2014.

Primary income account balance in February 2015 was negative and stood at EUR 0.7bn, i.e. close to the level recorded in the corresponding month of 2014. The size of the primary income deficit was determined by the negative balance of income on investments (EUR 1.4bn), primarily income of foreign direct investors on their capital investments in Polish entities (EUR 1.1bn). See: Balance of payments in February 2015

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