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Poland’s balance of payments in September 2020

Date: 2020-11-13

NBP data: In September 2020, the current account of the balance of payments posted surpluses in the trade in goods account (PLN 5.5bn) and the services account (PLN 7.8bn), and a deficit in the primary income account (PLN 8.1bn) and the secondary income account (PLN 0.4bn).

Preliminary data on Poland’s balance of payments in September 2020, released by NBP on 13 November 2020, show a surplus of PLN 4.8bn on the country’s current account. In the corresponding month of 2019, the balance was also positive and stood at PLN 3.1bn.

Exports of goods stood at PLN 94.4bn and were PLN 6.5bn (i.e. 7.4%) higher than in the corresponding month of 2019. Imports of goods increased by PLN 3.7bn (i.e. 4.3%) to reach PLN 88.9bn. Trade in goods showed a surplus of PLN 5.5bn.

Exports of services stood at PLN 21.8bn, representing a decline of PLN 2.4bn (i.e. 9.9%) on the September 2019 figure. Imports of services amounted to PLN 14.0bn, having decreased by PLN 1.0bn (i.e. 6.6%).

The balance of the primary income was negative at PLN 8.1bn. Foreign direct investors’ income on their equity investments in Polish entities amounted to PLN 6.5bn. The negative primary income account was also determined by the balance of portfolio investment income, which was negative at PLN 0.7bn.

See also: 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 2020-11-27
1 EUR4.4843
1 USD3.7614
1 CHF4.1477
1 GBP5.0239
100 JPY3.6149

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

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