The Central Bank of Poland released preliminary balance of payments data showing Poland’s current account recorded a deficit of PLN 13.2bn in August 2025, compared with a deficit of PLN 8.7bn in August 2024. The services account posted a surplus of PLN 13.5bn, but this was outweighed by deficits in trade in goods (PLN 9.2bn), primary income (PLN 16.6bn) and secondary income (PLN 0.9bn). Goods exports fell 2.1% year on year to PLN 106.6bn after three months of growth, while imports declined 1.8% to PLN 115.7bn. The export decrease was driven mainly by lower sales of parts for means of transport, primarily electric batteries, alongside continued weakness in durable consumer goods; increases were recorded in agricultural products and other consumer goods, with re-exports of clothing and capital goods supported by further growth in foreign sales of computer equipment. Services exports rose 1.9% year on year to PLN 40.3bn, while services imports increased 7.1% to PLN 26.8bn. The primary income deficit deteriorated by PLN 3.9bn year on year, with the worsening linked in part to a weaker direct investment balance as income of foreign investors from direct investments in Polish entities rose to PLN 12.6bn; primary income outflows also reflected portfolio investment income payments of PLN 5.5bn and other investment income payments of PLN 1.7bn.
Central Bank of Poland 2025-10-14
Central Bank of Poland reports PLN 13.2bn current account deficit in August 2025 despite PLN 13.5bn services surplus
The Central Bank of Poland reported a current account deficit of PLN 13.2bn in August 2025, up from PLN 8.7bn in August 2024, driven by deficits in trade in goods, primary income, and secondary income. Goods exports fell 2.1% year on year, while imports declined 1.8%, with notable decreases in transport parts and durable consumer goods. Services exports rose 1.9%, but services imports increased 7.1%, contributing to the overall deficit.