Narodowy Bank Polski

Latest news

Poland’s balance of payments in August 2019

Date: 14.10.2019

NBP data: In August 2019, the current account of the balance of payments posted a surplus in the services account (PLN 7.0 bn) and deficits in the primary income account (PLN 8.6bn), the secondary income account (PLN 0.8bn) and trade in goods account (PLN 0.2bn). The balance of the combined current and capital accounts was negative at PLN 0.7bn.

Preliminary data on Poland’s balance of payments in August 2019, published by NBP on 14 October 2019, show a deficit of PLN 2.6bn on the country’s current account. In the corresponding month of 2018, the balance was also negative and stood at PLN 4.5bn.

Exports of goods amounted to PLN 76.6bn and were PLN 1.1bn (i.e. 1.5%) higher than in the corresponding month of 2018. Imports of goods decreased by PLN 1.0bn (i.e. 1.2%) to PLN 76.9bn. The deficit in trade in goods amounted to PLN 0.2bn.

Typically, the services account was in surplus, amounting to PLN 7.0bn. Exports of services stood at PLN 21.7bn, representing an increase of PLN 0.9bn (i.e. 4.2%) on the August 2018 figure. Imports of services amounted to PLN 14.7bn, having increased by PLN 0.4bn (i.e. 3.0%) on the corresponding month of 2018.

The balance of the primary income account was negative at PLN 8.6bn and deteriorated in relation to the corresponding month of 2018 by PLN 1.8bn. The balance of this account was determined by the negative balance of the investment account (of PLN 8.3bn).

See: Balance of payments statistics

NBP interest rates

Reference rate 0.10
Lombard rate 0.50
Deposit rate 0.00
Rediscount rate 0.11
Discount rate 0.12

Exchange rates

Table of 2020-07-13
1 EUR4.4745
1 USD3.9564
1 CHF4.2006
1 GBP4.9886
100 JPY3.6955

Economic outlook

Monthly data

Quarterly data

Financial markets

Numismatics

Contact

Narodowy Bank Polski
Świętokrzyska 11/21
00-919 Warszawa
Poland

tel.:
+48 22 185 10 00
e-mail: listy@nbp.pl
NIP: 525-000-81-98
REGON: 000002223
SWIFT: NBPL PLPW
This site uses cookies to ensure its more efficient operation.
To find out more about the cookie technology, please click here: NBP Privacy Policy »
In order to browse through the content, it is necessary to accept cookies from this site Accept