Narodowy Bank Polski

Latest news

Poland’s balance of payments in April 2021

Date: 2021-06-14

NBP data: NBP data: In April 2021, the current account of the balance of payments posted surpluses in the trade in goods account (PLN 5.9bn) and the services account (PLN 9.6bn), while the primary and secondary income accounts were in deficit (of PLN 7.4bn and PLN 0.2 billion, respectively).

Preliminary data on Poland’s balance of payments in April 2021, released by NBP on 14 June 2021, show a surplus of PLN 8.0bn on the country’s current account. In the corresponding month of 2020, the balance was also positive and stood at PLN 3.3 billion.

Exports of goods amounted to PLN 106.8bn and were PLN 44.0bn (i.e. 70.0%) higher than in the corresponding month of 2020. This follows the low reference level from April 2020, when the value of trade declined markedly under the impact of the restrictions imposed to contain the spread of the COVID-19 pandemic. Imports of goods increased by PLN 38.0bn (i.e. 60.5%) to PLN 100.9bn. Trade in goods showed a surplus of PLN 5.9 billion.

Exports of services stood at PLN 22.0bn, representing an increase of PLN 3.8bn (i.e. 20.9%) on the April 2020 figure. Imports of services amounted to PLN 12.4bn, having increased by PLN 1.7bn (i.e. 15.8%) on the April 2020 figure.

The balance of the primary income was negative at PLN 7.4bn. The negative balance was primarily determined by foreign direct investors’ income on their equity investments in Polish entities, which amounted to PLN 7.9bn. The negative primary income account was also affected by the payment of income on portfolio investment (PLN 0.7bn) and on other investment (PLN 0.4 billion).

See also: balance of payments statistics

NBP interest rates

Reference rate 0.50
Lombard rate 1.00
Deposit rate 0.00
Rediscount rate 0.51
Discount rate 0.52

Exchange rates

Table of 2021-10-26
1 EUR4.6134
1 USD3.9740
1 CHF4.3130
1 GBP5.4784
100 JPY3.4860

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
ePUAP:/NBP/SkrytkaESP
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