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Poland’s balance of payments in April 2015

Date: 15-06-2015

NBP Data: In April 2015, the current account of Poland’s balance of payments posted positive balances in trade in goods, services and secondary income accounts and a deficit in the primary income account. The total balance of current and capital accounts was positive and amounted to EUR 1.3bn.

Preliminary data on Poland’s balance of payments in April 2015, published by NBP on 15 June 2015, show a surplus on the current account amounting to EUR 1.1bn. In the corresponding month of 2014, the balance on the current account was also positive and stood at nearly EUR 0.3bn.

In April 2015, Polish goods exports stood at EUR 14.5bn, i.e. 8.7% more than a year earlier. Imports of goods increased by 8.0% as compared with April 2014, totalling EUR 14.4bn. As a result, the balance of trade in goods was positive and amounted to EUR 0.1bn.

The balance of services was positive and stood at EUR 0.9bn in April 2015. Credits on services reached EUR 3.1bn, and increased by 2.9% as against April 2014. Debits amounted to EUR 2.2bn, posting a 5.1% rise on the corresponding month of 2014.

Primary income account balance in April 2015 was negative and stood at EUR -33m. In the corresponding month of 2014 it was also negative, standing at EUR -0.5bn. The size of the primary income deficit was determined by the positive balance on other primary income, and compensation of employees and the negative balance of income on investments.

See: Balance of payments statistics (XLSX & PDF)

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